Dire BCC survey suggests the UK is in a recession
The British Chambers of Commerce (BCC) has handed out a stark warning to fiscal authorities after its latest quarterly survey showed a total collapse in business confidence in the third quarter.
Meteor warns against false hope over Lehman plan
Meteor Asset Management said it will take clients many years to recover cash invested in Lehman Brothers structured products and warned they may get nothing back.
AIG Life fund suffers £105 million loss through credit writedowns
AIG Life enhanced fund policyholders face further uncertainty over their redemption values after it emerged that the fund has suffered £105 million in writedowns through investments in troubled institutions such as Lehman Brothers.
Press Round Up Part 3: Rate cut call as UK recession takes hold
Credit Crisis Fallout
Press Round Up Part 2: Kesa appoints new chief at last
* Credit insurer withdrawal hits JJB
Press Round Up Part 1: FTSE-100 records its biggest point fall ever
Good Morning Ladies & Gentlemen,
Green takes over Evershed's Select Opportunities fund after three-year struggle
Veteran small-cap investor Patrick Evershed left New Star last week after running the £60 million Select Opportunities fund since its launch in 2002 handing the reins to recent recruit Trevor Green.
Ask and you shall not always receive
A criticism often levelled at product providers is that they do not understand IFAs. They don't understand how we work, what motivates us and the challenges we face. Some evidence to support these claims comes from an exercise we are currently completing within our own business.
Market Tactics: Bonds
The advisers' view... Andrew Merricks, Head of investments, Skerritt Consultants
Advisers angry at potential FSCS bill for banking woes
IFAs are angry at the prospect of having to pay for mistakes made by the banking industry that led to the nationalisation of Bradford & Bingley (B&B).