Europe

European markets rallied late on Friday as Italy approved new austerity measures, a move which is set to precede the resignation of Prime Minister Silvio Berlusconi.

Business leaders will today make a fresh plea to George Osborne to scrap the 50p rate of income tax and increase personal allowances to protect the British economy from the worst of the eurozone crisis.

Germany and France have begun preliminary talks about a possible break-up of the eurozone, according to reports, amid fresh fears about the future of Italy after the nation's cost of borrowing hit a new record.

More warnings about fund fees, a growing controversy around JISAs and an explanation of financial planning - five things the nationals have thrown up that your clients will call you about this week.

Markets moved lower on Monday as fears over Greece and Italy remained despite the imminent formation of a Greek coalition government.

A UK ban on the payment of commission from providers to advisers who sell its products can go ahead unchanged and unhindered, the European Commission (EC) has said, quashing concerns a Europe-wide directive could scupper the requirements.

The Chancellor George Osborne has pledged to stop cash from British taxpayers being used to fund the eurozone bailout.

Jim Rogers has welcomed last night's eurozone deal, saying the size of the haircut for Greek bondholders was much higher than he had expected.

The UK regulator has vowed to fight on for a full commission ban, but Europe is drafting rules based on the preferences of most member states..

The Association of IFAs (AIFA) is seeking to build cross-country support with other European Union member states which have a growing IFA population.