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In London, markets fell as concerns persisted about the effects a recession might have on corporate profits, and the FTSE 100 dropped 121 points (2.15%) to 5,499.7.

Fidelity Special Situations fund manager Sanjeev Shah's use of derivatives to counter the recent downturn has helped deliver relative outperformance over sector peers and the market so far this year.

More than a fifth of SIPP providers are still not allowing consumers freedom of choice over where to invest two years after A Day, research suggests.

Norwich Union is reducing final bonus payouts on its with-profits investments by around 7.5%, the insurer announces today.

Recession seems ‘inevitable' until the Bank of England cuts interest rates, according to Axa Framlington.

Leeds Building Society has launched a new range of mortgages, including a two-year fixed rate with no tie-ins.

Zurich has launched the latest edition of its annual tax handbook in conjunction with Pearson Education.

Skipton Building Society is re-entering the 95% LTV market with a product aimed at first time buyers.

Orbiter Group has opened pre-registration for brokers, ahead of the release of its online sourcing system later this month.