Economics / Markets

CHINA'S YEAR OF THE SNAKE

FIVE THINGS

Firms are "cautiously optimistic" about the future, according to the Institute of Financial Planning (IFP), though some are still struggling to implement changes to their back office systems post-Retail Distribution Review (RDR).

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

Europe's Markets in Financial Instruments directive (Mifid II) distinguishes between independent and restricted advice, meaning a separate trade body for IFAs is still necessary, according to the founder of the IFACentre.

The Bank of England's Monetary Policy Committee (MPC) has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

Sense Network has added adviser forums and access to Chartered Insurance Institute (CII) tools as part of a "significant investment" in services for its members, according to the company.

Collins Stewart Wealth Management has recorded a pre-tax loss of £447,000 for Q4 2012 as parent Canaccord was affected by costs relating to recent acquisitions.

George Osborne will be forced to borrow more money this year than last as his plans to cut the deficit are blown wildly off course, an influential report has warned.

The Bank of England may need to carry out more money-printing to stimulate the economy despite rising opposition, according to the Organisation for Economic Co-operation and Development.