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Yesterday's letter from Mervyn King to Alistair Darling, formally notifying him that inflation had breeched the 3pc level, has been met with a mixed reaction from fund groups.

Deutsche Bank has been privately scolded by the Financial Services Authority for advising clients to short rights issues at Britain's embattled banks to cash in on a collapse in their shares, The Telegraph reports.

The FSA's introduction of a new disclosure regime for short positions in companies undertaking rights issues has received a mixed reaction from top fund managers.

Inflation is expected to hit the highest since the Bank of England was granted independence more than 10 years ago, underlining the financial squeeze endured by British families, The Telegraph reports.

Castlestone Management, a New York-based fund manager specialising in alternative assets, is launching a new fund of in-house funds called Intelligent Portfolio, or ‘IQ Asset Allocation'.

AIFA has promoted Andrew Strange to the new position of policy director.

It's a truism that the time to invest is when a market is low or a sector undervalued, but those same conditions tend to worry most individual investors (and not a few professionals) - who are more likely to keep their capital in cash and out of the markets...

The Investment Management Association in the UK has spoken up in favour of continued EU fund distribution reforms, arguing that the agenda for change must not be derailed by the likely failure of the Treaty of Lisbon to be ratified.

Around two-thirds of over-50s in the UK struggle with fears they will not have enough resources to keep them in retirement, according to research by pensions, investment and insurance group LV=. This new demographic group ‘facing retirement earnings doubts'...

The second half of this year will see further market volatility, while full recovery in the UK economy may not occur until mid-2010, according to Ted Scott, manager of the F&C UK Growth & Income fund.