Pension savers are still at risk of losing thousands of pounds despite industry initiatives to speed up transfers, according to Virgin Money.

Britain's five and a half million expats have hoarded a collective £150bn, a quarter of which is held by the richest expats in the Gulf, according to Alliance & Leicester International (ALIL).

Alliance & Leicester has cut fixed rates on a number of mortgages for customers with large deposits.

The Bank of England's Monetary Policy Committee has cut the base rate by 150 points to 3% - by far the biggest cut in the MPC's 11-year history.

The Bank of England has dramatically cut interest rates by 1.5pc to 3pc in a bid to ease the economic slowdown.

The Bank of England has slashed interest rates by a further 1.5% to boost Britain's ailing economy.

Net retail fund of fund sales dived from £503.8m in Q2 to just £82.5m last quarter.

Highcroft Investments has become the latest company to join the Reita.

Recession remains more likely than a 1930s-style depression, but it could be deep and protracted, according to Barclays Wealth's head of research and investment strategy, Michael Dicks.

Net retail sales of funds of funds dropped off to just £82.5m in Q3 this year, down from £332.7m at the same point in 2007, according to IMA.