irms who advised on investments in the CF Arch Cru Investment and Diversified Funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress.

SMART MONEY

A two-timing investment banker has been jailed for two years and eight months for insider dealing.

Royal London Asset Management (RLAM) has appointed Rob Williams as head of distribution.

The Financial Services Authority is considering major making 'radical changes' to its approved persons regime, according to a report in the Sunday Telegraph.

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.

The former chief executive of HBOS sold off two-thirds of his personal stake in the bank's shares before the lender collapsed.

Plans to use self-invested personal pension (SIPP) providers' assets under management (AUM) as a factor in determining capital adequacy levels is a mistake, Dentons Pensions has said.