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Markets nervous after first wave of attacks

World markets fell sharply this morning in the wake of US and British attacks on Afghanistan.

In London the FTSE 100 fell 2.4 per cent in the early hours of trading, while Germany&#39s Dax index fell 3.1 per cent and France&#39s Cac index fell 2.8 per cent. Early trading has been thin, indicating few investors have been panicking.

The Japanese market is closed for a national holiday today, but US markets will still trade electronically later today even though there is also a national holiday there.


Straining training

Becoming an IFA is far from easy. It means entering one of the most tightly regulated industries in the country. Even doctors and lawyers might blanche at the requirements set down by the regulator.The sector cries out for new blood like a thirsty vampire but rarely gets any. Very few firms, other than the biggest […]

Simple solutions no answer to complex investment problems

Composed by nine of the industry&#39s finest minds, and taking almost a year to conclude, fund managers and IFAs may well have expected more from the FSA taskforce&#39s report on past performance advertising. Its conclusions, although admirable in aims, appear incomplete if not half-baked. While the simplicity that the report suggests would be every providers&#39 […]

Why with-profits model is past its sell-by date

Who can beat the returns from With-profits?Although I must have missed Brian Newbold&#39s article on the smoothing of withprofits funds (Money Marketing, August 30), I am familiar with his views.Terence O&#39Halloran is quite right to defend the past performance of withprofits funds. However, like the rest of the investment industry, their limited research seems to […]

Industry suffers big loss in confidence

Business confidence in the financial services sector has fallen to a three-year low, according to the quarterly CBI/PricewaterhouseCoop-ers survey.It shows that confidence fell more sharply in the last three months than at any time in the last three years.According to the report, life offices and the mortgage sector are less pessimistic about being able to […]


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