A Treasury gilt auction failed for the first time in seven years today as investor fears grow on the state of the Government's finances.

Zurich has appointed five pension specialists as part of its plans to increase business in the intermediary market.

The Finance Industry Standards Association (FISA) will shut in April, it has announced.

Brighton and Hove-based Skerritt Consultants has achieved its objective of finding an office in the capital with the purchase of Huntington Investments.

Norwich Union critical illness (CI) claims declined because the condition claimed for was not covered by the policy remained at 8% in 2008, the insurer reveals, the same figure posted in the previous year.

Aegon Scottish Equitable has increased its maximum free cover benefit to £1.25m for all new and existing group life schemes at renewal or next rate review.

The value of Arch's entire offshore fund range slumped between 10% and 40% in the days leading up to its onshore fund suspension.

Liontrust Asset Management has announced a quartet of in-house managers will take over the management of two Guernsey-based funds run by Jeremy Lang.

An offshore investment fund has acquired ailing Allied Carpets identifying long-term value in the troubled retailer.

Standard Life's chief executive, Sir Sandy Crombie, is to step down during 2009 and the firm has begun seeking a successor.