News

The Bank of England is likely to cut the UK's economic growth forecast by 1% for both this year and 2011.

Groupama Group says the Private Medical Insurance (PMI) market is seeing further evidence of some rate strengthening in the Small to Medium Enterprise (SME) area where the company is active.

UK industrial output declined 0.5% between May and June, driven by a hefty fall in oil and gas production, according to the Office for National Statistics (ONS).

The FTSE 100 has fallen sharply this afternoon on news 131,000 jobs were shed in the US last month.

Nucleus CEO David Ferguson believes the IFA-owned platform is beginning to achieve major traction in the UK market, with the wrap taking in about 35% of the inflows achieved by giant Skandia in the first half.

Ascentric today announced the launch of Global Emerging Market Equity boutique Somerset Capital Management on its platform.

Novia has launched a reporting and management information system to help advisers with the transition from a commission to fee-based system.

Experts are bracing themselves for a "firesale" of protection products next year ahead of a rule change which could see premiums soar by 10%.

Co-operative Financial Services (CFS) says it is in 'advanced discussions' with a buyer for its IFA business.

The ABI has linked up with the taxman to issue guidance on the VAT liability for adviser charging.