Collins Stewart's head of fund sales Michael Brown has left the firm to become a financial adviser.

Morgan Stanley IQ is launching two structured products which are designed for volatile equity markets.

Institutional shareholders owning up to 15% of Prudential are preparing to write to the chairman telling him they will oppose the insurer's $35bn takeover of AIA.

The German Government plans to outlaw the naked short-selling of all stocks listed on its exchanges, enlarging last week's contentious ban on shorting key financial stocks.

HMRC today declared kick-out structured products do qualify for ISA investment in a u-turn on existing policy.

Advisers are set to benefit from the recent equity market volatility, caused by the General Election and the Greek debt crisis, as yields have been increasing on capital at risk structured products.

US authorities are understood to be investigating whether Morgan Stanley misled investors over mortgage derivatives.

The FTSE edged higher while sterling fell from a 10-month high on the first day of the UK's new Coalition Government.

Merchant Capital has launched its Growth plan: Principal Lock-In, offering the opportunity of an uncapped growth payment based on the increase in FTSE 100.

Barclays Wealth has launched a new product which offers exposure to growth in the FTSE 100 without putting capital at risk.