HM Revenue and Customs has clarified guidance regarding VAT exemptions for advisers.

The Financial Services Consumer Panel believes it is unreasonable for consumers to be expected to take responsibility for financial decisions.

Accountancy and advisory firm RSM Tenon has begun cutting significant numbers of its 3,000 staff in a bid to save £14m annually.

The Financial Services Authority is consulting on proposals to change pension transfer analysis after criticising certain advisers for taking a “mechanistic” approach.

The Treasury Select Committee is concerned about the accountability of the Financial Conduct Authority.

Barclays was the most complained about firm during the second half of 2011, according to the Financial Ombudsman Service.

John Brasington, chairman of the Tax Incentivised Savings Association, is retiring from his role and will be replaced by Tony Solway.

Cazenove Capital has appointed a new director of Financial Planning to its firm.

The Investment Management Association has criticised the guidance in the Financial Services Authority’s policy statement about life products.

The Financial Services Authority has set out how legacy commission will be treated post-RDR in a new policy statement today.