News

Friends Provident International (FPI) strengthens its offshore product range with the launch of the Succession Planning Bond.

Skandia has teamed up with technology provider Milestone Group to launch a rebates solution module designed to deliver improved accuracy and efficiency in the administration and delivery of rebates.

The latest figures show that the value of deposits held in Guernsey banks grew by £1.9bn (1.7%) during the first three months of 2011.

Distribution Technology has reported a spike in new user take up of its risk profiling software Dynamic Planner.

Annual house prices fell 4.2% in May, as almost static monthly growth saw prices rise just 0.1%, according to Halifax.

Intelligent Pensions (IP) has launched a phased annuity service in a bid to help clients mitigate the risks of staying too long in drawdown.

Advisers say the abolition of the requirement to annuitise by age 75 is the best pension reform passed this year.

A fifth of workers are failing to save anything for retirement, a survey of more than 5,000 people suggests.

US Treasury secretary Tim Geithner yesterday panned the UK's "light touch" regulation in the build up to the financial crisis.

Bids to have lunch with Warren Buffett have topped $1.5m (£916,000).