Costs for the Money Advice Service have almost doubled to £87m after it agreed to take on extra responsibility, according to the Financial Services Authority.

Think-tank the National Institute of Economic and Social Research has forecast the UK economy will contract by 0.1 per cent this year.

Small adviser firms should see no increase in their regulatory fees this year, according to the Financial Services Authority.

Standard Life Investments fund range MyFolio has reached £1bn funds under management after only 16 months.

A series of amendments have been issued by the Department for Work and Pensions ahead of auto-enrolment implementation.

A Legal and General fund has become the largest fund on Nucleus, the adviser-owned wrap platform.

Friends Life has launched its workplace savings platform offering pensions, cash and stocks and shares Isas and investment accounts.

The Financial Ombudsman Service still intends to publish the details of firms subject to complaints following a public consultation.

Defaqto has launched a new series of star ratings to help consumers determine the best product for them.

The Financial Services Authority was unable to intervene in the deal between Royal Bank of Scotland and Dutch bank ABN Amro, according to Hector Sants.