People who have registered for enhanced protection could find it invalidated by 2012 auto-enrolment regulations and face "penal" charges, First Actuarial says.

London shares fell further this afternoon as investors took stock of a major US investment plan, and the FTSE 100 dipped 55.53 points (1.4%) to 3,897.28 shortly after 3pm.

WAY Group chairman Paul Wilcox says the Tories' backtracking on inheritance tax policy is understandable given the UK's economic deterioration.

Net lending by UK banks rose slightly in February, up £3.9bn, according to figures from the British Bankers' Association (BBA).

National IFA 2Plan has announced a link-up with south-west based adviser Source Financial.

Scheme pensions could be a good choice for pensioners in drawdown who have been hit by record low income rates, according to Hornbuckle Mitchell.

New Star bond fund manager James Gledhill will move to Henderson Global Investors.

Neptune's Chris Taylor has hedged his Japan Opportunities fund from yen back to sterling as a result of the group's bearish expectations for the country's currency and equity market.

Liontrust Asset Management's Jeremy Lang and William Pattisson will leave the company next month, some nine months ahead of schedule.

The FSA has publicly censured Doncaster-based broker Mortgages Remortgages for exposing up to 80 of its customers to the risk of being sold an unsuitable self-certified mortgage.