News

The index of 100 leading shares has closed down on the day, with major insurers the biggest drag on markets.

Legal & General has enhanced its business protection proposition in a bid for share of the business protection gap.

Former City regulator Sir Howard Davies has joined the board of Prudential as a non-executive director.

Federal Reserve chairman Ben Bernanke has given his strongest signal yet that he will begin another round of quantative easing in the US, to try to acheive the economic "benefits" of the UK programme.

The price of silver has hit a 30-year high, rallying to $24.92 per ounce in trading on Thursday, according to ETF Securities (ETFS).

Norwich & Peterborough Building Society (N&PBS) has written to Keydata-exposed customers to say their complaints will remain unresolved for at least five more weeks.

Richard Downs is stepping down as the managing director of Old Broad Street Research (OBSR), to be succeeded by Richard Romer-Lee and Nigel Whittingham.

IFA consolidator Succession Advisory Services has received FSA authorisation to arrange investment deals, though not to give advice.

Concerns are mounting over the number of orphaned clients post-RDR after the FSA said a customer's new adviser could inherit their existing trail commission.

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