Nationals round-up: The value of wealth managers, a new product enters the divorce fray and a look at the star fund managers of the future.

US Gross Domestic Product (GDP) increased at an annual rate of 1.9% in Q1 2011, marginally up from its previous estimate of 1.8%.

The Bank of England's new Financial Policy Committee (FPC) has urged the FSA to monitor Exchange Traded Funds (ETFs) more closely.

Five key developments this week, summarised below...

Tesco Bank has promised to refund customers who have lost out financially after it suffered technical problems with online accounts.

Buckinghamshire Building Society has launched two new savings accounts designed specifically for children.

The Institute of Financial Planning (IFP) has confirmed its Certificate in Paraplanning has been recognised under the Chartered Insurance Institute (CII) qualifications framework.

Almost a third of consumers who recently purchased a product through an IFA were not given a key features document (KFD), or cannot recall receiving one, research commissioned by the FSA suggests.

The Bank of England's Monetary Policy Committee (MPC) continues to be split on interest rates as UK inflation remains at a two-and-a-half-year high, minutes of its latest meeting show.

The Small Businesses Practitioner Panel (SBPP) has warned small financial advisory firms may become "financially unviable" due to increased capital adequacy requirements and rising levies.