Software has already been launched to cater for the ‘guided sales' approach outlined in the Retail Distribution Review (RDR), with a pilot scheme currently in progress.

Life Trust Insurance is set to launch a product designed to help DB pension schemes mitigate their longevity risk.

The Life Trust Foundation (LTF) has warned the financial services industry and policy makers to act now to protect against the 'pension pinch', as life expectancy increases in the UK.

The FSA has confirmed customer bank deposits will now be guaranteed up to £50,000 from Tuesday 7 October.

Advisers' earnings could be hit from a new angle if lapse rates on protection cover increase as a result of the market turmoil, providers warn.

The FSA has responded to the controversy surrounding compensation levels by raising the limit for bank deposits from £35,000 to £50,000 as from October 7.

Peter Mandelson is likely to take up his former role of Secretary of State for Business as part of Gordon Brown's Cabinet reshuffle.

Life Trust Insurance has launched the Longevity Risk Manager (LRM), designed to help defined pension schemes mitigate their longevity risk.

Investors took a cautious approach when London markets opened, with the FTSE 100 down 28.4 points (0.58%) to 4,841.

LV= has appointed Stuart Sinclair as a non-executive director.