Man Group

Bernard Madoff will not appeal the 150-year sentence handed to him last week for a $65bn (£40bn) "Ponzi" fraud, reports The Telegraph.

FTSE100 alternative investment company Man Group has reported a 60% jump in before tax profit over the year to 31 March, to $2.08bn.

Norwich Union has warned there is a "high risk" 90% of its mortgage endowment policies will not pay off people's home loans, despite its main investment fund notching up a return of almost 12% before tax last year, says the Guardian .

FTSE 100 companies are consistently understating the life expectancy of people in their retirement schemes in a move which disguises the real size of pension deficits, reports the Daily Telegraph.

Kevin Lomax, founder of IFA network owner Misys, is facing an embarrassing showdown as investors plan to vote against his re-election to the board at next week's annual meeting, reports the Guardian .

HBOS has announced a drive on further costcutting which is expected to make annual costsavings of £300m by the end of 2009, reports the Scotsman .

Yesterday's surprise announcement of Stanley Fink's retirement as chief executive of Man Group could help to pave the way for a demerger of the hedge funds group, says the Times .

THE UNCERTAIN state of the housing market is emphasised by a survey today which suggests house prices fell by 1.3% in 2005, according to the Financial Times.

PEOPLE WITH a private pension will have to put aside an extra £6,000 over their working life to compensate for the two years of lost state pension or retire at 67, an expert said yesterday, reports the Times .

HOUSE PRICES in England and Wales are no longer rising faster than inflation, according to the Financial Times house price index.