The Financial Services Authority has announced a £54m package for investors who invested in the CF Arch cru funds.

Aviva has appointed John McFarlane as its new chairman. He will take up his position at the end of June 2012.

Standard Life has appointed Paul Matthews as its new UK chief executive.

The target market for the new National Employment Saving Trust is predicted to save, on average, just 2.5 per cent of salary into a plan.

The Financial Services Authority has written to price comparison websites to encourage them to review their regulated activities.

Financial advisers without a Level 4 qualification are unlikely to get financial advisory jobs in future, according to financial services recruiters BWD.

Fund platforms have reported their highest gross Isa sales on record, according to the Investment Management Association.

The Financial Services Authority has announced that it intends to make the IFP an accredited body.

The FSA has named six bodies it intends to grant accredited status.

Suffolk Life will be launching a new SmartSipp this summer after increased demand from advisers.