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Prudential is considering handing a 20% stake to a sovereign wealth fund to bankroll a bid for part of AIG, its stricken American rival, The Times reports.

The FTSE100 has pushed ahead in afternoon trading despite another sluggish start on Wall Street.

Hong Kong Chinese people continue to turn to family and friends for financial advice, but it may not be good enough to withstand testing global financial conditions, warns Zurich International Life (ZIL).

The Bank of England faces cutting borrowing costs to beneath 2% - or even as low as 1% - within months as it battles to protect Britain from the financial crisis and the worst recession in decades, economists said.

The Treasury is preparing to relax an implicit five-year ban on newly nationalised banks paying dividends, in an effort to keep the bailout on track, reports The Times .

More than 3,600 IFA firms are now using Unbiased.co.uk's 'Online Marketing Package' (OMP), which offers advisers an enhanced listing on the web-site's 'Find an IFA' search.

Conforto Financial Management, has completed its second deal in three months with the acquisition of IFA Christie Scott's for an undisclosed sum.

The Compliance Register will be hosting its awards for 'Outstanding Service to Compliance and Regulation' (the OStCaRs) on Monday December 8.

The latest Sesame Provider Service Index has revealed advisers are content with the service offered by life and pension providers.

Gordon Brown's decision to nationalise some of Britain's biggest high street banks will push the number of public sector employees to more than six million for the first time, reports The Times .