Rockingham Retirement has scrapped its administration fee on smaller pension pots it announced today.

New Star plans to close its troubled Heart of Africa fund.

Cofunds has added two funds from emerging markets specialist boutique HEXAM Capital to extend its offshore range.

Cofunds has added two funds from emerging markets specialist boutique HEXAM Capital to extend its offshore range.

There has been little movement in the average number of housing transactions per surveyor, despite buyer interest rising for a third consecutive month.

The aggregate funding position of the 7800 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £190.6bn in January.

One in five homeowners could fall into negative equity as the recession bites, according to the FSA, reports The Daily Mail .

Fund managers are calling for the abolition of mortgage-backed and other asset-backed securities in money market funds after a number of the perceived safe havens recently plummeted in value.

Odey Asset Management intends to launch a UK-focused absolute return fund to be managed by James Hanbury.

Steep losses for miners pulled the FTSE below 4,250 on Tuesday as lower crude prices continued to hit oil producers.