News

James Murdoch is to step down as chairman of UK satellite broadcaster BSkyB, but will remain on the board.

Stephen Hunt, founder of retirement specialist Rockingham Independent, owes the company almost £100,000, according to a report by liquidator Probitas.

LV= has seen a 14% growth in sales across its retirement business in 2011 with an annual premium equivalent (APE) of £114.3m, up from £100.3m in 2010.

LV= retirement business has increased sales by 15% to £142m and profits by 20% to £33.7m in the last year, business results have revealed.

The Financial Services Authority has arrested a 23-year-old man as part of an investigation into a suspected unauthorised foreign exchange trading scheme.

Merchant House Group will recommence trading ordinary shares on Aim at 12pm today following the suspension of shares on March 29.

J.P. Morgan has launched the J.P. Morgan Macro Hedge Dual TR Source ETF in conjunction with Source. The Dublin-domiciled fund combines US and European volatility exposure in a single product.

The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

Industry veteran Ken Davy has criticised the FSA for refusing to restructure the Retail Distribution Review (RDR) following the effects of the banking crisis.

Hartwig Kos, co-manager of the Dublin-domiciled Baring Dynamic Emerging Markets Fund (DEMF) says the fund has increased exposure to emerging market equities due to a more risk-favourable environment.