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Skandia Investment Group (SIG) is set to launch its Core Fund range in Continental Europe and Latin America, with plans to roll it out in the UK in 2009.

Fairbairn Private Bank is to be the first British offshore island bank to be granted a banking and investment licence by the FSA.

The Government will come under pressure today to rewrite its controversial plans for dealing with ailing British banks as some of the City's most powerful fund managers claim that the new rules would ride roughshod over their rights, The Times reports....

Annuity providers are making a "mockery" of TCF, according to IFA Bradbury Hamilton.

Almost half (49pc) of UK workers are not saving adequately for retirement, according to research from Scottish Widows.

Lehman Brothers is actively searching for a white knight to buy the bank with the help of the US government after investors rejected chairman Dick Fuld's plan to split Lehman in two, sending its shares down as much as 42%, The Telegraph reports.

Managing Partners Ltd (MPL), boutique fund manager, is opening an office in Singapore to offer institutional and high net worth investors in the region investment in traded life policies (TLPs).

HSBC Global Asset Management is set to launch the HSBC GIF Middle East and North Africa (Mena) fund by the end of October.

France could offer investors a respite from the worldwide downturn in property markets, according to International Law Partnership - a specialist firm dealing in overseas property purchase.

Star bond manager Bill Gross has netted $1.7bn (£968m) in profit after betting against ailing mortgage giants Fannie Mae and Freddie Mac, The Telegraph reports.