BlackRock has reduced the annual management charge on the retail share classes of six Luxembourg-listed funds by 25 basis points.

The AIC has appointed Ian Sayers as director general after he held the role of acting head of the organisation since the departure of Daniel Godfrey at the end of July.

Standard & Poor's has awarded four HSBC Global Asset Management tracker funds an AAA rating, including the recently merged American Index portfolio.

Newcastle IS, the intermediary services division of Newcastle Building Society, has launched its new structured deposit with a guaranteed minimum return of 9% over five years.

London markets have advanced strongly this morning on news Abu Dhabi is to bailout heavily indebted neighbour Dubai.

The FSCS is to start considering compensation claims for Lehman-backed structured products sold by NDFA, Defined Returns Limited and Arc Capital and Income, saying the products may have been mis-sold.

Investec Structured Products has launched a new suite of eleven plans supported by a range of counterparties.

Structured product plan managers could be sidelined as IFAs seek to manufacture and distribute their own vehicles in the future, according to third-party administrator OPAL.

AVD, the Austria-based provider of traded endowment policies (TEPs), is launching in the UK.

Gilliat Financial Solutions has launched a structured deposit which splits money equally between two fixed term investments.