The Bank was not "forward-looking" enough and ought to have realised the scale of the recession sooner, according to Monetary Policy Committee member David Blanchflower, reports The Telegraph.

A volatile morning on the FTSE looks to be heading in the right direction as it settles comfortably above 4,300, while a rate cut in the US fails to take the desired effect.

Standard Life reported net flows into UK life and pensions products dropped 15% to £1.7bn over the nine months to September 30 2008, as the group tries to weather global economic turbulence.

Baring Asset Management has appointed Carl Wilmore as account manager in its UK retail team, responsible for sales to asset manager clients.

Most financial advisers say the limited cover period on traditional mortgage payment protection insurance (MPPI) is the product's biggest drawback.

The latest cut in interest rates will not be sufficient to prevent a severe recession in the US, according to Jamie Lewin, head of international asset allocation strategies at BNY Mellon Asset Management.

Alliance Trust has launched a webcast and factsheet to help advisers protect their clients' pre A-Day pension rights.

Sesame is offering Mortgage Brain's point of sale system, The Key, for free to directly authorised (DA) brokers.

Credit Suisse's Mike Pinggera is set to replace Patrick Armstrong and Ana Cukic-Munro as head of Insight Investments' multi-manager team.

Emma Oakman considers how the creation of short ETFs has led to innovation and asks whether this tre...