Blue Sky Asset Management has launched an income plan offering the potential for 6% annual income over five years.

Pension scheme equity exposure has fallen below 50% for the first time ever, while UK pension funds achieved a weighted average return of -13.6% in 2008, research from BNY Mellon Asset Servicing reveals.

Legal & General (L&G) has launched a home information pack (HIP) service for directly authorised (DA) users of its mortgage club.

Net receipts into building societies were £1,595m in February, representing the highest February net receipt on record and an increase of 18% over February 2008, according to the Building Societies Association (BSA).

The FSA has banned Walthamstow-based mortgage adviser Ashfaq Ahmed for submitting mortgage applications on his own behalf that were based on false and misleading information about his income.

Royal London Group made a £762m loss after tax last year and saw its capital surplus shrink by £1.1bn due to poor investment markets.

Supermarket giant Tesco plans to open up to 30 bank branches in its stores during 2009, it has revealed.

New Star European Growth manager Richard Pease is to join Henderson Global Investors.

Nationwide has snapped up the core business of Dunfermline Building Society, following a sale process conducted by the Bank of England (BoE) over the weekend.

Skandia Investment Group (SIG) has launched a new multi-manager global equity fund, a diversified portfolio consisting of 12 managers.