News

Weaknesses in the Bank of England's forecasting process have been highlighted in a review by an ex-Federal Reserve official.

The Office for National Statistics (ONS) is to launch an additional measure of consumer prices inflation which includes housing costs.

Professional services firm threesixty has launched a suite of services aimed at businesses looking to buy up IFA firms.

HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week, IFAonline's sister title, understands.

GILTS

The Financial Services Authority's (FSA's) move on self-invested personal pension (SIPP) disclosure rules poses a major challenge to all providers and adds no value for consumers, John Moret has said.

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

Keith Churchouse, director of Chapters Financial, plans to launch a simplified advice platform in the New Year after earlier putting the project on hold.

Royal Bank of Scotland has posted a pre-tax loss of £1.2bn in the third quarter, as it sets aside a further £400m to cover claims related to the mis-selling of payment protection insurance (PPI).

A decision by the Financial Services Authority (FSA) to cut the lower projection rate for some investment products to 2% could deter many consumers from saving, provider LV= said.