News

America's largest stock markets reported very light trading volumes on Monday as a flurry of M&A activity did little to reassure investors of the strength of the global recovery.

Jupiter went into the black for the first half of 2010 with profits before tax of £14.6m compared to a loss of £6.5m for the same period last year.

Prestwood Group, the company behind Truth and Prestwood Software, has launched a coaching and mentoring programme to help financial planners transition their business ahead of the RDR.

The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports.

Nizam Hamid has left his role as head of sales strategy for iShares Europe to join Lyxor Asset Management, ETFM understands.

The difference between the rates charged for fixed rates and lifetime mortgages has widened significantly in the last two years, according to a report.

The Life & Longevity Markets Association ("LLMA") is proposing a standardised framework for longevity indices.

Retail giant Marks and Spencer has announced Robert Swannell will take over as chairman of the company in 2011.

Linking pension payouts to the CPI instead of the RPI will force pensioners to raid their savings and investments, Schroders Investment Management claims.

Advisers and consumers should complete thorough due diligence before investing in ETFs or passive funds, TCF Investment warns.