Following consultation with the Isle of Man Financial Supervision Commission, the Board of Kaupthing Singer & Friedlander IoM has announced the company will be wound up.

Skandia has reduced the annual management charge on its single priced income withdrawal pension product to 0.25pc for new investors, following demand from financial advisers.

The Icelandic Government has suspended all share trading as the financial crisis continues to threaten the country with bankruptcy.

CompareTheMarket.com is urging households to check their liability insurance cover, especially if their home is seen as a place of business for external services such as cleaners and builders.

Europe is capable of bottoming much earlier in the economic cycle than in previous recessions and the worst of the damage to equity valuations may have already occurred, according to BlackRock's Alister Hibbert.

Katy Gladstone will not be returning to Henderson as co-head of its multi-manager team following a five month sabbatical.

Quantum Asset Management (formally DDQ) has launched three new structured products offering investors exposure to energy commodities and gold.

House prices have fallen 13.7% from their peak in August 2007, according to the latest figures from the Halifax.

Fears for the existing pensions market ahead of the introduction of personal accounts have been partly quelled after the Government said it would impose strict limits on contributions.

Financial advisers are missing out on a "golden opportunity" to promote their businesses in the height of the financial crisis, IFA Life says.