The IMA's new Strategic Bond sector is a step in the right direction but it will not replace the need for financial advice, warns F&C bond manager Fatima Luis.

Punter Southall Financial Management (PSFM) has announced it will acquire 100% of the share capital of City Assurance Consultants (CAC) for an undisclosed sum, as part of its continuing expansion.

The average annual workplace pension for directors at the UK's top companies is 25 times greater than that of ‘ordinary' workers, a TUC study suggests.

Baring Asset Management has appointed Katie Bowmar as head of product development from BlackRock.

Edeus is extending its early redemption programme, which offers substantial discounts to borrowers who repaid their loans in full.

A new tutorial helping advisers understand the emotional journey investors travel when making financial decisions has gone live on the Adviser Academy website .

The new IMA Strategic Bond sector is a positive step forward, but investors need be careful to differentiate between the varying mandates of listed funds, according to F&C's Fatima Luis.

Large cap stocks continue to offer the best value in UK equities, according to Santander's Hak Salih.

The recent 'mini recovery' in the US economy will be short-lived, with US growth of 1.4pc this year slipping to just 0.8pc in 2009, according to the latest global prospects report from the cebr.

The UK economy is set to suffer two consecutive quarters of negative GDP growth plunging it deep into an official recession, a report predicts.