HSBC is to cut 460 financial planning managers from its staff due to the expected outcomes of the RDR.

The first payments have begun for Equitable Life policyholders today as part of a three year programme of compensation.

Capita Financial Software is developing an “on-off” platform comparison service as part of its Synaptic Comparator tool.

The number of complaints by third parties to the Financial Ombudsman Service has risen to half.

Over three quarters of employers do not know how much it will cost to implement auto-enrolment, according to pension and benefits consultants Hymans Robertson.

Ascentric has announced it has been operating as a profitable platform for the last two months.

The Council of Mortgage Lenders has appointed Paul Smee as its new director general. He will replace Michael Coogan who worked as CML director general from 1997.

Almost 100 per cent of high net worth individuals have trust and confidence in their financial adviser, according to a survey by Merrill Lynch and consulting group Capgemini.

There is significant growth in the number of young and female high net worth individuals, according to Merrill Lynch and consulting group Capgemini.

In 2010, the Institute of Financial Planning launched the first professional qualification in the UK to test the skills and competence of Paraplanners - the Certificate in Paraplanning.