With its parent Fortis Group in Belgium, Holland and Luxembourg requiring a cash injection of €11.2bn from the three Benelux governments, Fortis Guernsey has had to shelve its plan to expand into Jersey.

High-profile adviser Ian Lowes has hit out at the excessive use of cash as a current investment safe-haven, labelling the popular recent trend as "ridiculous".

The IMA has called on the Government to raise the yearly ISA limit to £9,600 - among a number of measures it hopes will boost the UK's investment industry.

Seemingly never-ending volatility in the financial sector has brought the FTSE crashing to a new 52-week low this afternoon.

Skandia International has announced a special offer of up to 105% allocation on three of its regular savings products, the Royal Skandia Managed Savings and Pension Accounts and the Skandia Ireland European Savings Account.

Linear Mortgage Network has re-trained its workforce to become financial advisers to deal with the mortgage downturn.

MPs are being urged to give the FSA time to get the Retail Distribution Review (RDR) right, rather than completing it quickly.

Wachovia, the fourth-largest bank in the US, has been taken over by Citigroup as part of a Government-backed rescue deal.

UK domiciled retail fund net sales rebounded to a £90m inflow in August after the previous month's sharp investor exodus, the latest IMA figures show.

Average incomes for mortgage intermediaries are likely to fall by around 30% in 2008, according to the Association of Mortgage Intermediaries (AMI).