Japan's economy grew at a much weaker than expected pace and was overshadowed by China in the second quarter.

Leading bankers are claiming to be so hamstrung by bonus restrictions they are threatening to relocate overseas.

Lending to small businesses has continued to plummet, falling a further 20% over the last quarter.

Pension adviser Rockingham Retirement has been ordered to cease all investment advising activities by the FSA.

The Cautious Managed sector maintained pole position on Cofunds in July as advisers continue to focus on multi-manager funds.

UK industrial output declined 0.5% between May and June, driven by a hefty fall in oil and gas production, according to the Office for National Statistics (ONS).

Nucleus CEO David Ferguson believes the IFA-owned platform is beginning to achieve major traction in the UK market, with the wrap taking in about 35% of the inflows achieved by giant Skandia in the first half.

Novia has launched a reporting and management information system to help advisers with the transition from a commission to fee-based system.

Co-operative Financial Services (CFS) says it is in 'advanced discussions' with a buyer for its IFA business.

Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.