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Friends Provident International has seen sales in the first nine months of 2008 rise 29% compared with the same period in 2007, despite turbulent global market conditions.

Following the announcement of a UK merger, Skipton Guernsey (SGL) has confirmed plans to merge with Scarborough Channel Islands (SCIL).

Britain's five and a half million expats have hoarded a collective £150bn, a quarter of which is held by the richest expats in the Gulf, according to Alliance & Leicester International (ALIL).

The Bank of England's Monetary Policy Committee has cut the base rate by 150 points to 3% - by far the biggest cut in the MPC's 11-year history.

Lenders warned homeowners last night that they should not expect cheaper mortgage repayments even if the Bank of England cuts interest rates today, according to The Times .

Jersey's fund servicing industry has grown by 160% over the last five years, according to Lipper figures.

Aviva Investors' Luxembourg-domiciled European Property Fund (EPF) has temporarily suspended dealing to safeguard investor interests in a turbulent market.

Friends Provident International (FPI) has added three further funds to its German pension product.

Nationwide International has announced details of new savings rates on its sterling, US dollar and euro offshore accounts.

World equity markets lost an estimated $5.79trn during October in their worst month in history, according to Standard & Poor's Index Services.