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Financial industry comes to terms with terror

The US Federal Reserve has confirmed it is ready to supply liquidity to the banking system, as the financial industry struggled to deal with the aftermath of Tuesday&#39s terrorist assault on New York and Washington.

Major central banks around the world said they too would supply emergency funds to stabilise turbulent world markets.

Insurers face crippling claims that will exceed by many times the cost of the largest previous disaster, that of Hurricane Andrew, which cost insurers £13bn.

The New York Stock Exchange will remain closed today, with no firm date yet given for its reopening.

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Only one confused on IFA-client link is Ron Sandler

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Lastminute.com goes into stakeholder

Lastminute.com is to sell stakeholder pension schemes online, in a deal with internet IFA stakeholderpensions.com. The move, which will allow employers to designate a scheme for their employees online in minutes, is hoping to capitalise on a rush for schemes as October&#39s deadline looms.

Brian Duffin

Born: January 20, 1955, Enniskillen, Co Fermanagh. Lives: Edinburgh, with wife Joan and three sons. Education/qualifications: St Katherine&#39s College, Cambridge (BA Hons maths), member of Faculty of Actuaries. Career: 1976 joined Scottish Life as actuarial trainee, 1983 made investment manager, 1988 general manager (marketing), 1995 general manager (administration), 1996 director of Scottish Life International Holdings, […]

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