'Upset and disappointed'
Accredited Financial Planning firms are to be offered wider professional indemnity insurance (PII) cover, including full legal liability, under a deal arranged by the Institute of Financial Planning (IFP).
Lloyds Banking Group has announced it is to close Black Horse Personal Finance with the loss of 420 jobs.
An increase in jobless claims in America exacerbated negative investor sentiment on Thursday, sending global stocks lower.
Lloyds Banking Group is set to cut 700 jobs following Equitable Life's decision to switch an administration contract from Lloyds to Indian-based IT giant HCL.
Doodson Broking Group has aquired two key insurance brokers.
MortgageStream mortgage case management software has worked out a deal with Lloyd's of London insurance broker PYV, which reduces the professional indemnity insurance (Pii) premiums for intermediaries who use the broker.
US PRIVATE EQUITY firm Hellman & Friedman has moved into pole position to acquire fund manager Gartmore after it emerged asset management company, Schroders has dropped out of the race, reports The Daily Telegraph .
PRESSURE ON Gordon Brown and the Bank of England over worsening economic prospects mounted yesterday as a surprise slump in industry sparked City warnings third-quarter growth could drop as low as 0.2%, according to this morning's papers.