An increasing number of independent financial advisers are facing problems with cash flow, according to research by ING Direct.

The number of apprenticeships in the financial services sector has rocketed by 233% in the past year, according to figures from the National Apprenticeship Service.

The level of disposable income has fallen in most regions of the UK, according to figures released today by the Office for National Statistics (ONS).

The Financial Services Authority (FSA) has fined adviser Donald McKee Morgan £335,204 for insurance fraud.