JPMorgan Asset Management (JPMAM) has teamed up with Cofunds to offer ten Luxembourg-domiciled funds via the platform.

JPMorgan Asset Management has teamed up with Cofunds to offer ten Luxembourg-domiciled funds on the independent platform.

Lloyds share plummeted today as the firm revealed its recent acquisition, HBOS, made a £10bn loss last year.

More than eight out of 10 advisers, trustees and employers believe employees do not understand the risk associated with different kinds of pension schemes, research suggests.

Royal London 360° has hired Joe Kelly as business development manager for Europe and Mark Croucher as regional sales consultant in the Middle East.

Guernsey-based Bramdean Alternatives is facing proposed legal action over Bernard Madoff's $50bn pyramid investment scandal, The Times reports.

The Irish government plans to inject €7bn into Allied Irish Banks and the Bank of Ireland, while shareholders in Fortis have rejected proposals to sell the bank's Belgium assets to BNP Paribas prompting concerns of a government bail-out.

Capita has been slated for sending an adviser firm's bank account details on e-mail and has been accused of breaching the FSA's requirements on data protection and security.

Xit2, a property and mortgage outsourcing specialist, is launching a new arrears management product which it argues will help mortgage lenders and debt counsellors carry out detailed assessments of borrowers' current financial situations.

Financial advisers are being encouraged to join social networking sites such as Facebook and Twitter to maximise their exposure.