Some 59 per cent of corporate financial advisers believe there will be a 30 per cent drop out rate from auto-enrolment, according to Aviva.

Institute of Financial Planning sponsor firm Barclays Wealth has conducted a survey into female attitudes to Financial Planning.

Over half of consumers who have received advice from an IFA were ‘very confident’ the advice they received was appropriate for their circumstances, according to the FSA.

Hector Sants, chief executive of the FSA, has urged firms to  embrace the new FSA supervisory approach.

Hector Sants, chief executive of the Financial Services Authority, has announced a ‘twin peaks’ model will operate within the FSA from 2 April.

The Financial Services Compensation Scheme levy for advisers will be £33m during 2012/13.

Almost 10m tax returns were completed by the deadline, according to HM Revenue and Customs.

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.