News

The FTSE 100 opened down 0.37% or 19.09 points to 5,139.76 as Friday's sell-off on Wall Street dragged the index lower.

AIG, the insurer that received £119bn in emergency funding during the financial crisis, is expected to appoint former Pru CEO Mark Tucker as head of its Asian business, AIA.

Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy.

Ignis is eyeing the launch of its first internal retail fund since 2007 with an absolute return bond mandate for its rates team.

Fallout from the Retail Distribution Review (RDR) could mean more advisers will specialise in protection, according to this year's Protection Review survey.

The Association of Financial Mutuals (AFM) will meet Treasury officials to further explore its offer to play a significant role in assisting the Government's welfare reforms.

The Government's proposed new regulatory structure is nothing more than a "cosmetic" exercise that will not make a grain of difference, Lansons director of regulatory consulting Richard Hobbs says.

Fortis Life UK has hired Bupa head of sales Mark Anders to lead its sales team.

Technology provider 1st Exchange is launching a white-label client communication portal for advisers.

The FTSE plunged into negative territory in afternoon trading Friday as concerns over US economic growth and mixed results from big corporates drove Wall Street into negative territory at the start of trading.