The FSA has extended by five months the time customers can make complaints to the Ombudsman over purchasing payment protection insurance(PPI).

The regulator says it will not implement AIFA's call for a "major overhaul" of adviser levies until further consultation, which will not see any changes introduced until 2011/12.

Tenet is launching an entry-route foundation degree, giving budding IFAs the opportunity to begin working as advisers whilst studying for the qualification.