Standard Life is suing insurers including ACE European Group for £100m over claims its policy should have covered a loss on asset-backed securities triggered by the collapse of Lehman Brothers.

Cofunds is about to sign an execution-only deal with a bank as the platform looks to gain further traction in the investor space.

UK Equity Income saw a sharp spike in sales in September, reversing a trend prevalent in previous months, according to the latest trends on the Cofunds platform.

Mortgage and insurance network Stonebridge Group has partnered with national IFA Moneygate in a joint venture tie-up aimed at expanding its wealth management arm.

Fidelity FundsNetwork is launching a new third party discretionary management service for advisers.

Advisers believe proposals to re-label the Investment Management Association's fund sectors will not help consumers better understand the levels of risk the funds carry, research suggests.

Platform Cofunds has appointed Axa Wealth's Andy Coleman as head of sales for its wealth and investor channels.

Fidelity International - now Fidelity Worldwide Investment - has called on the FSA to "look at the Australian approach" after its Treasury announced platforms could continue to receive fund manager rebates.

Investment into cash and money market funds more than doubled in the third quarter amid stock market volatility, according to the latest sales trends on Skandia.

George Osborne is set to face tough questions today about the coalition government's economic strategy after the Bank of England expanded quantitative easing by £75bn, a move he has previously called "the last resort of desperate governments".