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Less than a third of people believe a pension plan is the best way to save for retirement.

The number of people who say they are ‘more likely to seek financial advice now than two years ago’ has risen, according to AXA.

Almost 90 per cent of advisers expect to remain in business post-RDR, according to the latest Aviva Adviser Barometer.

Less than one in ten people would turn to a financial adviser to guide them on financial matters, according to Friends Life.

The Financial Services Authority has taken action against two individuals suspected of providing unauthorised financial advice.

Sir Nicholas Montagu has been appointed by the Financial Services Authority as the new chairman of the Financial Ombudsman Service.

More than two thirds of consumers support the RDR and say it would make them more likely to seek professional advice.

The Monetary Policy Committee is divided on whether the Bank of England should undertake further asset purchases.

Fears of a high-risk event affecting the UK economy are the highest they have been since the Lehman Brothers crash.