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Skandia Investment Group has launched its Global Emerging Markets Equity Multimanager fund into the Swedish market.

Private bank Sarasin has been named Switzerland's top asset manager in the latest tranche of the European Alpha League Table produced by EuroPerformance and EDHEC.

Gross lending has fallen by a third over the past twelve months as mortgage lenders continue to tighten their lending volumes.

Competition between IFAs and private banks for wealthy affluent clients is becoming far more intense as private banks look to move out of their traditional territory into the IFA client market.

The Government is expected to re-write its own rules on borrowing in order to avoid forcing up taxes, The Telegraph reports.

Principal Financial Group, the parent of fund manager Principal Global Investors, has linked up with Malaysian banking giant CIMB Group to launch CIMB-Principal Islamic Asset Management.

Royal Skandia has opened an office in Singapore, in response to regional demand for its products.

VFS Europe has sold its operations in Belgium and Holland to Fulcra International Financial Planning, a Brussels-based financial adviser, to concentrate on its core European market in Spain.

Ministers were facing demands last night to pay up to £4.5bn in compensation to investors who lost money in the Equitable Life scandal after a damning verdict from the parliamentary ombudsman, The Guardian reports.

IFAs are lining up to become qualified in equity release advice, according to the ifs School of Finance (ifs).