Annuity rates have, so far, been unaffected by the credit crunch, according to Alexander Forbes Annuity Bureau.

UBS is to slash 2,000 jobs from its investment banking division and close its commodities division, the Swiss bank said this morning.

1st-The Exchange is poised to roll out a comparative term quotes service available through BlackBerry devices.

The Mortgage Times has announced it will offer free valuation and legal services and a range of First National mortgages.

Andrew Barnes has resigned as Bestinvest chief executive after two years at the helm.

NatWest International Personal Banking (IPB) is poised to launch a fourth issue of Autopilot, its capital guaranteed structured deposit account, available in sterling, US dollars and euros.

The Dow Jones Industrial Average has taken an unexpected fall in early trading, slumping almost 2% to 10.622.15, despite a confirmed $750bn bail-out of the nation's bad debt.

Financial services and policy makers must act now to protect millions against the ‘pension pinch' as life expectancy increases and the pensions gap widens, urges Life Trust Foundation.

An online calculator enabling advisers to work out clients' monthly expenditure and determine how much protection they can afford has been launched by Bright Grey.

Advisers have expressed their anger at potentially having to foot the bill for the fallout from the near collapse of Bradford & Bingley.