Economics / Markets

A law firm has sent a letter to Honister Capital administrators Grant Thornton requesting it provides further information related to the sale of Honister IFAs' trail and pipeline commissions.

M&G reported a 53% rise in net investment flows in the first half of the year, with retail investors driving the £4.3bn of flows.

A boost in individual annuities and with-profits bonds sales helped Prudential UK maintain new business levels in the first half of this year, despite a significant decrease in corporate pensions volumes.

The UK could leave the European Union by this autumn should the eurozone debt crisis intensify further, it has been suggested in a study by Japanese bank Nomura.

Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.

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China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.

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Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".