News

Fidelity's Sam Morse is taking over management of the group's European Values trust, replacing Sudipto Banerji.

Friends Provident's total sales rose were up 35% year to date helped by the international business, but UK inflows were flat.

Buy-to-let lending rose 12% in Q3, supported by ongoing demand for rental property, according to CML data.

Munich Re is expecting a higher consolidated result for 2010 than previously expected, boosted by significant improvements in the group's primary insurance and healthcare arms, according to its Q3 results.

Witan has handed Veritas an £80m global equity mandate after reallocating funds from the US and Japan.

Peripheral European nations Ireland and Portugal could be forced to head to Continent's bailout mechanism after their respective bond yields soared to the highest levels since the creation of the euro.

The FTSE is slightly down in early trading, with RBS hit by fears it may be exposed to Ireland's economic problems.

The G20 summit Leaders converging on South Korea for the upcoming G20 summit are set to clash over a deal to safeguard the global economic recovery.

Nucleus CEO David Ferguson has stressed the wrap's ownership structure will remain unchanged after its rights issue which is progressing ahead of schedule.

Resolution says it has "multiple routes" to complete its UK life consolidation project including further scale transactions, a series of smaller bolt-ons or a combination of the two.