An Isle of Man Treasury working party will investigate whether automatic exchange of tax information should be introduced on the island. Currently tax information is shared only upon request.

The British Virgin Islands Financial Services Commission (FSC) has warned investors of four unlicensed financial services firms.

Zurich has unveiled an International Portfolio Bond (IPB) targeting high net worth UK residents.

The FSA today banned a Bradford-based mortgage broker and is rapidly approaching 50 bans since it stepped up its crackdown on mortgage fraud two years ago.

Sesame is launching a training programme to help adviser firms expand their offering to include general insurance business.

Underlying earnings before tax at Aegon UK slumped 79% to just £7m in the first three months of the year as lower fund-related charges hit the firm's pensions business.

The Bank of England said today the recession had probably bottomed out, but warned that any recovery would be hampered by the ongoing reluctance of banks to lend to consumers and businesses.

Prudential UK's total sales (APE) in the first quarter of 2009 were £180m, down 6% on the same period in 2008, in the face of 'extremely difficult and volatile market conditions'.

Both first-time buyers and home movers are benefiting from the lowest debt servicing costs since 2004, according to the latest monthly lending survey from the Council of Mortgage Lenders (CML).

Franklin Templeton's Mark Mobius is bullish on Latin American countries, claiming the region offers growth opportunities, particularly in the commodities and banking sectors.