The Financial Services Compensation Scheme (FSCS) will not compensate investors bringing claims against Rockingham Independent for allegedly negligent advice - meaning there will be no additional levy for advisers.

The FSA has warned advisers to check mismatches in investment risk when outsourcing to discretionary fund managers.

Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.

Cofunds has become the UK's first platform to pass £50bn of assets under administration (AUA).

Platform giant Hargreaves Lansdown has said it is ready for any price war started by rivals looking for a foothold in the direct to consumer market.

The Financial Services Compensation Scheme (FSCS) will levy an estimated £76m on investment advisers in 2013/4, with failed firm Keydata highlighted as one of the main cases impacting the overall bill.

The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.

The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.

Paul Feeney, chief executive of Skandia's parent company Old Mutual Wealth, has vowed to tackle a series of administration problems that have affected advisers since the start of the year.

Royal Bank of Scotland (RBS) is to pay up to £250m in bonuses to its investment banking division, including to those implicated in the LIBOR-rigging scandal.