News

Northern Rock is set to sell off part of its mortgage back book in an attempt to repay around two-thirds of its £22.5bn government loan.

Legal & General is to offer advisers and their clients access to a will-writing service provided by probate brokers Final Duties.

The FSA has appointed Gerard Lemos as chairman of the new Consumer Financial Education Body (CFEB).

Consumers are not reaping the benefits of historically low interest rates as banks look to buffer their capital reserves in light of the financial crisis, says the Bank of England.

Lifemark's Luxembourg administrator has rejected FSA claims the regulator is "working closely" with the cash-strapped fund to avoid its liquidation.

Barclays Wealth has developed a risk-graded fund range as part of a push into the intermediary market.

Fortis is introducing discounts for new customers who purchase more than one cover.

IFA Cavanagh warns short term profitability may be sacrificed as the group evolves to meet RDR requirements.

Investec is planning to securitise £250m worth of ‘non-standard' mortgages, including self-certified and subprime home loans in the UK.

Source has listed an ETF replicating the global performance of hedge funds on the Deutsche Boerse.