Advisers and product providers have hit out at HMRC's move to challenge the ISAbility of certain kick-out plans.

Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.

The manager of the WAY Charteris Gold Portfolio fund is to conduct a series of seminars around the UK for advisers.

Premier Asset Management has renamed its Absolute Growth fund and switched its IMA sector classification to more adequately reflect the fund's new investment remit.

The FTSE 100 was marginally up in early trading, by 0.06% or 3.41 points to 5,748, only a few hours before the Prime Minister Gordon Brown is expected to call a General Election for 6 May.

The Treasury is considering relaxing the rules which govern VCT investment.

The Government has announced a consultation into the tax regime for investment trusts which will include rules on direct property investment.

The IMA has applauded the Government's move to amend tax rules it says is forcing groups to domicile funds away from the UK.

The Chancellor has pledged to set up a £2bn investment bank which will provide funding for green transport and technology.

Up to 180 offshore funds will be listed in IMA sectors from 1 April, with the majority already admitted set to reside in the Specialist category.