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Transactions in the housing market are at their lowest since the Royal Institution of Chartered Surveyors began surveying its members 30 years ago, The Guardian reports.

Principal Global Investors' funds are now available to Spanish investors, following the registration in Spain of the range of 10 Dublin-domiciled funds.

A handful of star fund managers have produced exceptional returns during the downturn, while the Cautious Managed sector and many others wallow in negative territory, according to HFM Columbus.

Friends Provident has announced its decision to retain 100pc ownership of Pantheon Financial Services Ltd.

Prudential, Legal & General and Swiss Re are among a pack of insurance giants circling Equitable Life, Britain's oldest mutual insurer, The Telegraph reports.

Advisers believe that life companies will have to change their business models as sales of insurance bonds fall in favour of mutual funds, according to new research from Fidelity FundsNetwork.

New Star is set to merge its £28.2m Tri-Star unit trust into Craig Heron's £47.6m Cautious Portfolio fund.

Kaupthing Edge, the Isle of Man-based online arm of offshore deposit-taker Kaupthing Singer & Friedlander, has raised the rate on its one-year fixed term sterling deposit account to 7.15% AER.

Greystone Financial Services Ltd has acquired Roger Harris & Co, a Leicestershire-based wealth management firm with client base of some 140 investors and client assets of approximately £70.9m ($140m).

The Bank of England will be lobbied by high street banks today to extend the special liquidity scheme, put in place three months ago to help free up money markets which have been frozen by the credit crunch, reports The Guardian.