Councils with hundreds of millions of pounds trapped in collapsed Icelandic banks could get most of their money back.

Multi-channel distribution firm The Money Portal (TMP) has initiated a strategic review of its business and is in preliminary discussions with stakeholders that may lead to a capital restructuring.

A move in this week's Budget to scrap higher rate tax relief on pension contributions would be "entirely wrong" and "a direct attack on middle Britain", the Association of British Insurers (ABI) says today.

The recession will be deeper than expected and any recovery is not likely until next Spring, the CBI has forecast, reports The Telegraph .

The FTSE 100 has opened flat this morning despite another strong start for the banks, with London's blue-chip index remaining at its Friday close of 4,092.80.

Independent financial advisers are becoming increasingly interested in US life settlement (LS) policies.

Source, a new provider of exchange-traded products in Europe, has launched 13 ETFs and 22 ETCs. ...

Former Aviva UK Equity Income manager Dan Roberts is joining Gartmore to run its UK Equity Income fund.

US markets experienced a volatile morning as tech firms fell back and Citigroup announced it had made a profit for the first time in almost two years. The Dow Jones was up 21.03 points (0.26%) to 8,146.46.

The UK economy is likely to begin a gradual recovery later this year, according to Legal & General Investment Management.