Small financial advisers are being forced to shelve expansion plans as larger firms continue to swallow up the market, IFAs say.

UK markets continued to fall after yesterday's dismal trading on Wall Street, and the FTSE100 dropped 1.38% to 4,445.5 shortly before 2.30pm.

Despite today's Monetary Policy Committee's (MPC) decision to drop the base rate to 1.5%, key industry figures remain sceptical that the cut will have a major impact on mortgage deals.

Novia, the new wrap platform founded by Bill Vasilieff, claims to have already taken business from the big three fund supermarkets just weeks after launching its proposition.

Invesco Perpetual guru Neil Woodford says there are positive signs the UK stock market has already reached its bottom.

A buy-to-let sourcing and portfolio management tool which allows users to submit and track the progress of their cases online has been launched by specialist brokerage Mortgages for Business (MFB).

Landsbanki Guernsey savers are meeting for the second time with the island's chief minister to campaign for 100% of their deposits to be returned.

Interest rates have hit a new, record low today as the Bank of England fights to pull Britain out of recession.

The Serious Fraud Office (SFO) is to investigate Bernard Madoff's UK business operations.

Insurer Aon has been hit with the FSA's largest ever financial crime-related fine after it unwittingly made more than $7m worth of "suspicious" payments to overseas firms and individuals.