IFA group Clarkson Hill has seen its pre-tax profit fall 20% to £20,031 over the year to 31 July.

Norwich Union(NU) has introduced market value reductions (MVRs) of between 13% and 22% on unitised with-profit policies in response to turbulent market conditions.

Prudential today reveals "robust" UK and group results for the first nine months of 2008 as it admits interest in US rival AIG and revises its Asia targets.

John Spiers has returned as chief executive of Bestinvest just over a year after he offloaded control of the company to private equity group 3i.

The $54trn credit derivatives market faces a delicate test as $360bn worth of contracts on now-defaulted derivatives on Lehman Brothers are due to be settled on Tuesday, according to a report in The Telgraph .

Williams de Broë will acquire the assets and investment team of stricken UK discretionary manager Singer & Friedlander IM, for an undisclosed amount.

Hornbuckle Mitchell has called for the Department of Work and Pensions to clarify the proportionality rules regarding the transfer of protected rights into SIPPs.

The value of ISA savings in the UK has rocketed seven fold in the last eight years, from £28.6bn in 1999/00 to £207.8bn at the end of the tax year 2007/08, according to the Halifax.

Mortgage fraud has doubled over the past year, according to figures from the Land Registry.

Almost three quarters of IFAs plan to enhance their qualifications in response to the RDR, according to Defaqto.