Investec

Mortgage lenders could be tempted into making riskier home loans as they search for new sources of revenue amid fierce competition, a new report by a credit rating agency suggests today, says the Financial Times .

Ian Frost is moving from BlackRock to Investec Asset Management to become a global fixed income portfolio manager while Aegon Asset Management has also announced a series of new arrivals to its fixed income team.

There could be as much as £5bn of cash held in self invested personal pensions which is receiving poor rates of interest, new research claims.

The Professional Mortgage Packagers Alliance (PMPA) has this morning announced the launch of a lender designed to deliver mortgage products specifically though its own membership.

COMMUNITY, the main steel union, has set the wheels in motion to sue ministers for failing to protect members of occupational pension schemes, in a landmark case which could cost the Government up to £2.5bn, says this morning's Times newspaper.

Teps market makers Policy Portfolio and Beale Dobie are pulling out of the traded-endowment market with the loss of 30 jobs.