Chartwell is set to launch a SIPP powered by Fundsdirect within the next couple of months.

The FSA has banned a mortgage broker for fraud and concealment of governance arrangements.

Inflation in the UK may rise ‘sharply' over the next few months but is likely to fall back again in the medium term, according to Bank of England governor Mervyn King.

Cofunds has appointed Stephen Wynne-Jones, formerly of SSP, as head of marketing operations.

The AIC thinks the EC's proposed Alternative Investment Fund Managers Directive (AIFD) will result in an increased climate of risk - but is "cautiously optimistic" that it can be overturned.

IFDL, the company behind the Ascentric wrap, is reviewing its Fundsdirect business with a view to a possible sale.

Fidelity president of investments Anthony Bolton has urged investors to buy into financials, believing the best time to own the stocks is in the two years post-crisis.

The Cautious Managed sector is top of the Cofunds chart for the second consecutive month - accounting for three of the top five best selling funds in October.

Tenet Group has selected focus:360 to power its adviser technology strategy and help members meet RDR requirements.

Moneyfacts is launching a B2C sourcing facility for advisers, which will enable them to give clients assistance on direct deals.