The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

The Channel Island Stock Exchange (CISX) has reopened to consider new listing applications.

The Channel Islands Stock Exchange (CISX) has stopped admitting new members after "defects" were discovered in the way it was set up.

CYCLICALS

Salamanca group, the merchant banking and risk management business, has acquired the Investec Trust group of companies from Investec Bank for an undisclosed sum.

Fidelity Worldwide Investment is to acquire the entire share capital of Annuity Direct and its holding company Retirement Angels.

Annuity and equity release provider Just Retirement is to float on the London Stock Exchange.

The Financial Conduct Authority (FCA) has revealed that Barclays bank was the most complained firm in the first half of the year.

Jupiter has warned advisers against products that over diversify investments in a bid to fit the mould of modern portfolio theory and regulation.

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession.