Does your finger picking seem to be in a rut, can't get any speed? Check out this lesson by Brian P. Harred.
home.sprynet.com/~murf01/lesson.htm

When you are using either hybrid picking or straight fingerstyle, pay attention to *the angle that your fingers hit the strings themselves*. Most guitar players will angle their entire arm a bit coming into the strings; (I know, you almost *have* to)and they rest their pinky on the pick gaurd...but you will see that the *closer you get your fingers to a 90 degree angle* ***RELEVANT to the STRINGS*** (not your hand, which you already do, which is "correct"), then the more *speed* you can achieve. As for accuracy; well, this is why most people's fingers sortuv hit the strings at an angle;(They kinda use the "side" of the end of the finger) because it is more accurate.

Read on: home.sprynet.com/~murf01/lesson.htm