FTSE 100

The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.

Jupiter said it will target wealth managers with the launch of a new share class across its unit trust range.

The FTSE has continued its downward slide in afternoon trading with banking stocks weighing particularly heavily on the index.

Barclays Wealth has reissued its Defined Returns Plan Annual Kick-Out, which offers investors the chance of an early investment return after two years subject to FTSE 100 index performance.

US investors jettisoned shares in early trading following a warning from consumer giant Walmart.

The Fry Group is calming investor jitters against a backdrop of concerns over the Eurozone debt crisis and the strength of the US economic recovery by stating there is no need to "panic".

Structured product investors with investments maturing this month are one group unlikely to suffer capital losses from the recent market volatility, according to comparison site StructuredProductReview.com.

Chancellor George Osborne will today update MPs on the British economy as turmoil continues on the world's stock markets.

Bulls triumph over bears, Fed freezes short-term rates, and pension funds take a beating from stock market turmoil...IFAonline's round-up of the news from the nationals.

Aviva Investors has launched the first in a new range of structured products, created in response to demand from financial advisers for funds that can deliver attractive returns in a low interest rate environment.