News

UK shares were under pressure in early trading after sharp falls in the US caused by a sharp rise in inflation.

The Governor of the Bank of England last night warned European officials not to water down new bank safety rules or prevent the UK from imposing tougher measures to protect taxpayers.

Skandia International and Fairbairn Private Bank were among the major winners at the Professional Adviser International Fund & Product Awards 2011.

Morgan Stanley has unveiled its FTSE Gilt-Backed Growth Plan 9, offering investors the potential for returns of 7% p.a. with reduced counterparty risk.

Claims young people have a less-than-favourable view of financial advisers has sparked debate on whether appealing to teenagers and people in their 20s is in advisers' interests.

Shadow chancellor Ed Balls is to use a major policy speech to call for a temporary emergency tax cut to stimulate the economy.

Northern Rock is to be sold rather than remutualised or floated on the stock market, the Chancellor said last night.

US inflation rose to a two-and-a-half year high, as rising food prices took their toll.

Mervyn King has claimed low capital requirements and inadequate limits on leverage have been the most "tragic" aspects of financial regulation.

Assetfirst has launched an "insourced" investment portfolio service offering advisers a low-cost index-tracking solution in a bid to challenge the dominance of discretionary fund managers.