News

Minority shareholders in F&C Commercial Property trust (FCPT) have rejected a proposed takeover by Ignis-managed UK Commercial Property trust (UKCPT) to create a £1.6bn vehicle.

Canada Life Group Insurance has increased its maximum intermediary commission by 50%.

The Best Doctors service has been increased for Bupa Individual Protection income protection and critical illness plans.

Just Retirement generated record new business in the 12 months to June, exceeding the £1bn mark for the first time.

Mortgage fraud has nearly quadrupled in value during the first six months of 2010 and is over half of all fraud committed in the UK, reports KPMG.

National IFA 2plan says better than anticipated growth in turnover for the first half of the year means it is on track to hit profitability earlier than expected.

The FTSE 100 opened strongly at the start of the week, boosted by Friday's late rally on Wall Street and positive corporate news.

Lloyds chief executive Eric Daniels says the banking giant "did the country a great service" in taking over stricken lender HBOS last year.

Staff resignations doubled at the FSA in Q2 ahead of Government plans to split the regulator and the rise of more lucrative opportunities in the private sector.

Six UK bank bosses are to form a taskforce designed to help get lending to businesses back on track.