The average person does not start planning for their retirement until they are aged 52, according to Aviva.

Directly authorised advisers are leading the way in achieving professional qualifications in preparation for RDR.

Rathbones, a sponsor of the Institute of Financial Planning, has appointed a new chief operating officer.

Almost half of the population do not know what an annuity is, according to Standard Life.

Over three quarters of advisers are confident in the future of their business post-RDR, according to Ascentric.

The £10.5m fine by the Financial Services Authority for HSBC this week brings the total FSA fines this year to just under £62m.

Pension providers are failing to meet advisers expectations of service for administration of existing business, according to Defaqto.

The Financial Services Authority has fined HSBC £10.5m for inappropriate investment advice to elderly customers by its subsidiary firm NHFA Limited.

Hargreaves Lansdown has added a new range of low-cost tracker funds to its Vantage service.

The Financial Services Authority has appointed Paul Stockton as a non-executive director to the Board of the Financial Services Compensation Scheme.