FIVE THINGS

Standard Life has added flexible drawdown as a feature on its SIPP propositions and rolled out a new range of drawdown funds.

A financial adviser has been banned and fined £117,330 for mis-selling unregulated collective investment schemes (UCIS).

An adviser has had his application to become an approved person rejected because of his failure to disclose past convictions and a prosecution for mortgage fraud.

Lord Flight has continued his broadsides against the Financial Services Authority (FSA), criticising it for taking a "tough guy, macho" approach to compensate for past failures.

The Association of Independent Financial Advisers (AIFA) has come out strongly against plans to increase the Financial Services Compensation Scheme (FSCS) levy threshold.

The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.

Networks may only find relief from their own financial troubles by raiding other struggling businesses, according to Ernst & Young.

Hector Sants, the former chief executive of the Financial Services Authority (FSA), has defended his tenure at the regulator, arguing the changes he made have put it "in good stead".

More than six in ten investors would stop using their independent financial adviser (IFA) if they were to begin charging on an hourly rate, research has suggested.