Email Mortgages, an advisory practice providing customers with tailored fee-free advice online via email, has launched a new IFA referral service for financial advisers who do not currently offer in-house mortgage advice.

Gartmore Investment Management is to offer its funds via cross-border transaction network Calastone.

The number of live mortgage schemes dropped a further 20% in the past month, according to figures from Mortgage Brain.

PMS has emphasised the importance of the use of the word 'trust' in its rebrand, which has seen it drop the word mortgage from its primary branding.

IFAs helped the UK record the lowest net retail outflow from UCITs funds of any major European country, according to IMA chief executive, Dick Saunders.

An OBE company director has been fined £59,500 by the FSA for profiting from trades based on inside information.

Standard Life Investments (SLI) has completed the merger of its UK Smaller Companies Trust (SLS) and Gartmore Smaller Companies Trust (GSM), following a near-unanimous vote by shareholders.

Enhanced annuity sales rose by almost a third in 2008, with strong growth expected to continue through the recession, according to Watson Wyatt.

The Treasury remains open to the idea of establishing a "bad bank" to warehouse the toxic debts held by the UK banking system, The Independent reports.

The FTSE 100 was up marginally this morning by 0.60% by 8:44am with the London Stock Exchange Group regaining 3.73% of its 6% losses of yesterday.