Thousands of IFA firms could go out of business, sell-up or merge by 2013 due to the economic downturn, according to Ernst & Young.

Higher rate taxpayers should consider making up any shortfall in their pension fund by transferring cash held in ISAs into a SIPP, according to Killik & Co.

M&G is closing its UK Growth Portfolio and merging three funds into other portfolios in its range on 13 March. All four funds of funds are run by George Tsionis.

Barclays Wealth has launched a new structured product plan which has the ability to protect investor capital even if the FTSE 100 dives under 50% from its starting level.

Higher rate taxpayers should consider making up any shortfall in their pension fund by transferring cash held in ISAs into a SIPP, according to Killik & Co.

Nucleus Financial has added a model portfolio tool to its platform enabling advisers to invest and manage clients' assets in a way more closely aligned to their risk profile.

KPMG has warned mortgage fraud cases are likely to become "more visible" as the economic downturn unfolds, after the financial services and risk advisory firm reported the value of cases uncovered in 2008 rose by £32.2m from last year's figure.

Standard Life has been selected to provide a corporate SIPP to BT's 20,000 defined contribution (DC) members.

The FTSE 100 was flat this morning as extreme weather conditions continued to plague the capital and affected many transport links.

The arctic weather that struck Britain yesterday could cost the UK economy about £1.2bn, piling further difficulty on firms already struggling in the recession, the Guardian reports. The Federation of Small Businesses estimated that one in five commuters...