The cost of inter-bank lending has decreased markedly in reaction to the Bank of England's base rate cut, falling by over 1% today.

A workshop demonstrating to IFAs how technology can be used to save time and reduce administration has been launched.

The recent dip in the gold price is a result of renewed strength of the US dollar, according to Angus McPhail, global oil and natural resources analyst at Alliance Trust.

Munich Re has abandoned its 2008 profits target after third quarter takings fell 99% on the same period last year.

Equity release provider Retirement Plus has claimed that assets locked in property could offer a lifeline to people whose pension savings have been hit by stock market falls and inflation.

Guernsey's tax office is set to restrict Guernsey-based QROPS, while other jurisdictions are expected to follow suit, according to Baker Tilly.

Abbey and Bradford & Bingley have announced they will pass on the full 1.5% cut in base rates to their variable rate customers.

John Crowley has hired former iimia Wealth Management colleague Richard Scott as chief investment officer of recently-formed discretionary provider Hawksmoor Investment Management.

Guernsey funds under management and administration fell by £5.8bn during the third quarter of 2008, according to the latest statistics released by the island.

EU leaders will meet later today to discuss reforming the world financial system ahead of a global summit next week.