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Royal London has announced its international business - formed from the merger of Scottish Life International and Scottish Provident International Life Assurance - will be known as Royal London 360° when it launches in the new year.

Resolution Asset Management is among the businesses that will become known as Ignis, following on from the Resolution group's acquisition by Pearl earlier this year.

Structured product specialist Dawnay Day Quantum has renamed itself Quantum Asset Management following its recent management buyout.

The value of funds under management and administration in Guernsey reached £207.2bn at the end of June 2008, an increase of £3.4bn (1.7%) over the quarter and £51.6bn (33%) year on year, despite turbulent market conditions.

William Russell has removed the need for individual expatriates to declare their previous medical history with the introduction of moratorium underwriting on all of its health insurance plans.

Lehman Brothers has rushed its trading statement forward by a week to today, amid fears that the investment bank would fail to raise much-needed capital to shore up its finances, The Guardian reports.

Despite the gold price slipping to around $800 and gold shares appearing increasingly vulnerable, the long-term outlook for gold is favourable, according to Daniel Sacks, portfolio manager at Investec Asset Management.

Fears that losses at the Derbyshire and Cheshire building societies would spark a Northern Rock-style customer upheaval drove the rushed takeover of the mutual lenders by Nationwide, sources close to the deal said yesterday, reports The Independent....

Isle of Man domiciled funds under management have increased by over 15% despite volatile market conditions.

In a joint venture, Punter Southall Group and Octane Holding have created Grenfell PAI Guernsey Ltd, a $400m fund of hedge funds business.