The European Union’s directive on alternative investment could force hedge funds out of the UK, according to investment management consultants Laven Partners.

Lord Turner has said that “major changes” in regulation are required for a global recovery from the banking crisis.

After the FSA admitted that its proposed increased in regulatory capital could mean that "some firms will no longer find it profitable to continue operation", AIFA looks to launch a formal response.

Former clients of the stockbroker firm Pacific Continental Securities UK, which ceased trading in June 2007, may be eligible for compensation of up to £48,000 after the firm was declared to be in default.

The retail distribution review (RDR), has attracted positive feedback from the financial advice industry after it called for improved clarity of services and modernisation of payment.

It has been suggested that the independent nature of advisers may be at risk if they use wrap platforms.