Gross mortgage lending climbed 7% in October but still remains significantly lower than levels seen in 2007.

A professional association has been formed for IFAs, financial planners and wealth managers that have established their own OEICs.

New AXA Elevate wrap chief Paul McMahon has hit out at the recent public feuding between platform providers, saying the 'tit for tat' bickering is damaging the industry.

Banco Santander has snubbed 1.8 million small shareholders in Britain, excluding them from taking part in its €7.2 billion (£6 billion) capital-raising, The Times says.

The FSA has outlined guidelines for firms in a bid to prevent unfounded market rumours heavily impact stock values.

The new Bill Vasilieff-led wrap platform Novia is expected to launch later this month with nearly three times as many adviser firms signed up than originally planned.

VAM Funds' VAM US Micro Cap Growth fund has been awarded an AA rating from Standard and Poor's (S&P).

London's markets were dragged down by falling mining shares, which failed to lift as the day wore on. Shortly before 4pm, the FTSE100 had dropped 186.83 points, or 2.54% to 4,101.72.

The vast majority of IFAs believe new retirement solutions are needed to meet their clients' changing needs, according to a survey by Aegon.

Abbey International has not reduced rates on its Monthly Offshore Saver account, following the recent 1.5% cut in the sterling base rate.