The Financial Services Authority was unable to intervene in the deal between Royal Bank of Scotland and Dutch bank ABN Amro, according to Hector Sants.

Fidelity has requested a standard in the asset management industry to make fund charges more transparent.

Hector Sants, chief executive of the Financial Services Authority, is to be subject to further questioning by the Treasury Committee.

Pension provider Dentons has added a new product to its range, the Dentons Sipp.

Perspective Financial Group has acquired a Gateshead adviser practice with assets under management worth £22m.

Almost half of advisers have still not chosen a platform to service their clients, according to a survey by Institute of Financial Planning sponsor firm Zurich.