News

Lifemark administrators have sold off £2.9m worth of assets to save the fund from liquidation for another few months.

The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.

Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.

Nucleus has hired Skandia sales director Mike Wallis as new regional business development director.

The Confederation of British Industry will back proposals to adopt an annual allowance in its response to the Treasury consultation on higher rate tax relief.

Blue Gate Capital has begun selling its Secured Income Series 2 fund.

F&C head of corporate affairs Jason Hollands has spoken of the "gruesome" murder of British spy Gareth Williams.

Meteor Asset Management has launched its Select 10 plan, the returns of which are linked to ten of the top fifteen shares in the FTSE 100.

The international derivatives exchange Eurex is listing options based on a range of six Lyxor ETFs, providing exposure to the emerging markets.

Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.