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Advisers have reacted positively to plans by the Personal Finance Society (PFS) to raise the profile of the six per cent of its members that have chartered status.

The Financial Services Authority has told investment banks to improve checks to prevent mis-pricing of trading positions and to stop firing staff who work in valuation control functions, reports The Independent.

Investec Structured Products has launched series five of its one-year structured deposits, following high levels of interest from advisers.

Mark Bridgeman, the manager of the Schroder Agricultural Land fund, believes he could invest up to 80% of the funds raised by the end of the year.

Skandia International has launched the Royal Skandia Client Centre, an online service to keep advisers and clients up-to-date with their investments.

HBOS has frozen the accounts of Andy Hornby, its chief executive, after a thief stole his identification details and withdrew thousands of pounds in cash, reports The Independent.

Bradbury Hamilton has highlighted the benefits paraplanners can provide firms with the day-to-day administration duties.

HSBC Global Asset Management has appointed Guy Morrell as head of its multimanager business for the UK and the Middle East & North Africa (Mena).

Kuwaiti investment company Global Investment House has listed six new funds on the burgeoning Bahrain Stock Exchange.

Renewed fears about the length and severity of the financial crisis sent shivers through markets yesterday after an influential economist predicted a big American bank failure and said the worst was yet to come, reports The Independent.