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Economic forecast is downgraded

The economic growth forecast for 2008 has been downgraded from 2.5-3 per cent to 2-2.5 per cent. Darling blamed “increased economic uncertainty” and “turbulence in America, Asia and Europe”.

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A week to bury bad news

Two months on since the credit crunch first hit the UK’s shores and job redundancies in the UK mortgage market are starting to make the headlines.

The spotlight is on Norwich Union

I’m sure you’re all eagerly anticipating Chancellor Darling’s Pre-Budget Report, due to be delivered hand in hand with the Comprehensive Spending Review at 3.45pm today, but first take some time out to get on top of this week’s protection news.

‘Advisers must cull clients to create new business model’

Firms that decide to change model will face tough decisions and may have to cull the least valuable 10 per cent of their client base, according to FP Advance managing director Brett Davidson.Davidson told the Institute of Financial Planning conference in Manchester last week that advisers should be making the transition to the new model […]

Directors must check policies for sub-limits

It has come to our attention that a number of insurers have introduced a regulatory investigation sub-limit onto their directors’ and officers’ policies. For directors of hedge funds with policies under this restriction, this means that, should the fund be subjected to an investigation by the FSA or SEC, they would be personally liable for […]

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