The UK is currently in a shallow recession, with growth in 2009 expected to be the weakest since 1992, according to the CBI.

Members of defined benefit (DB) pension schemes are being reminded they have until Friday (19) to respond to draft guidance on how to calculate transfer values.

The FTSE100 has plunged more than 3.6% this morning after US investment bank Lehman Brothers filed for bankruptcy overnight.

British business confidence is faltering in the face of continued economic uncertainty and remains close to an all time low, according to Lloyds TSB.

The FSA says it will consider a move to regulate individual brokers after the regulator refused to rule out making brokers subject to its Approved Persons regime.

Resources have helped the FTSE surge ahead to 5416.70, having climbed 98.30 points (1.85%.)

An investment agreement which saw New Star run £1.4bn of assets on behalf of Family Assurance Friendly Society has been cancelled.

Some fund managers at IMA member firms are invested entirely in structured products despite criticism of the investments from its chief executive Richard Saunders this week.

Russia's proposal to use its £32bn national wealth fund to boost the country's financial markets is an ‘overdue' and ‘wise' use of money, according to Hexam Capital Partners.

Investors should pay more attention to overlapping economic and political developments which could affect financial markets, urges Standard Life Investments (SLI.)