The Professional Mortgage Packagers Alliance (PMPA) has announced it will close, reflecting the deep turmoil affecting the packager market.

In London, shares have plummeted in early trading amid fears a US bail-out plan might take some time to materialise, and by mid-morning the FTSE 100 was down 80/29 points (1.53%) to 5,155.97.

A challenge to the right of employers to make people retire at 65 has been rejected by a senior legal adviser to the European Court of Justice.

Bradford & Bingley could be forced to give up its independence, City analysts said yesterday as the FSA dusted down contingency plans in the event the buy-to-let lender's shares endured sharp falls, reports The Guardian .

The FSA may penalize banks who pay bonuses that encourage excessive risk-taking, new chairman Lord Adair Turner has told the BBC.

Defaqto has published a free guide aimed to help IFAs understand the innovative third way retirement product market, listing 20 questions advisers should ask providers in their due diligence process.

Zurich has opened the latest tranche of its Green Guaranteed Account.

Shadow chancellor George Osborne has been compromised into a pre-election confirmation of the Tories' autumn 2007 pledge to effectively raise the threshold for IHT to £2m - by allowing couples to transfer a spouse's £1m allowance on their death to the...

After remaining broadly stable in early trade, London shares began to fall after US markets opened with negative sentiment, and the FTSE 100 closed down 75.04 points (1.41%) at 5,236.26.

Abbey International has launched a multicurrency capital guaranteed account, designed to appeal to retired and cautious investors.