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John Paulson, the billionaire hedge fund manager, cut his holdings in a gold ETF during the third quarter.
The FT's David Stevenson urges advisers to carry out proper due diligence on the vehicles
NORWICH UNION is again cutting payouts on maturing mortgage endowment policies, even though its main with-profits funds returned 17.7% before tax last year, says this morning’s Guardian .
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ECONOMISTS are forecasting that the Bank of England will keep the cost of borrowing on hold, writes the Telegraph .
THE ASSOCIATION OF BRITISH INSURERS will later today call for the abolition of upfront commission, in a report likely to horrify Britain's 20,000 independent financial advisers, writes the Guardian .
The Bank of England yesterday maintained interest rates unchanged for the fifth month as official figures revealed a surprise drop in British factory output and evidence suggesting retailers suffered a poor Christmas, writes the Daily Telegraph.
New insurance regulations taking effect on Friday will lead to higher premiums says the chief executive of Norwich Union, the Telegraph notes.
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