The economy is facing a period at "least as challenging" as the 1970s, when Britain sank into a deep recession, the deputy governor of the Bank of England, Charles Bean, warned yesterday, The Guardian reports.

Resolution Asset Management (RAM) has launched a guide to 130/30 funds to broaden understanding of short extension strategies among intermediaries and their clients.

Newcastle Building Society has launched a clean energy structured product exclusively for intermediaries, available through Newcastle Intermediary Services.

The Martin Currie GF North American fund, a subfund in the firm's Luxembourg Sicav range, has reached $56m after launching on 9 June this year. It has also been awarded an AA (New) rating from Standard & Poor's, based in on its management team's onshore...

Liontrust Asset Management is calling for the IMA to toughen up on the UK Equity Income sector, to create what it calls "a level playing field".

The Serious Fraud Office (SFO) has arrested three men after a tip-off from the Pensions Regulator.

The Government needs to do more to encourage young people to save for retirement as 40% of 23-35 year olds surveyed do not have a pension, research by Endsleigh suggests.

A fall in the number of Eastern European immigrants coming to the UK proves the economy is approaching a recession, according to Vince Cable.

Nationwide Building Society will cut its fixed rate mortgages by as much as 0.2%, as well as launching new products.

New Star has appointed Greg Jones as managing director of its international fund business.