Friends Life has created a new in-house asset management arm which will launch in the second half of next year.

The Treasury Select Committee has branded governance at the Bank of England as “antiquated” and proposed a radical shake-up of the institution.

In support of Financial Planning Week, Defaqto has questioned consumers on their understanding of financial product features.

The international Financial Planning Standards Board has approved a set of principles entitled ‘Financial Planner Duty of Care to Clients’.

Lloyds Banking Group has reported losses of £3.9bn in the nine months to 30 September.

The Financial Services Authority has fined Coutts £6.3m in relation to its sales of the AIG Enhanced Variable Rate Fund.

Former IFP President Barry Horner CFP^CM has been elected to the Board of the Financial Planning Standards Board.

The Financial Services Authority has refused to back down over its decision to keep the RDR deadline at January 2013.

Financial Planners are being urged to promote their services and Financial Planning skills in the media ahead of Financial Planning Week.

Financial Planning Week is aimed at helping people from all walks of life with their finances, not just the wealthy.