News

Prudential has delayed the issue of details of its $21 bn cash call, because it has failed to reach agreement with the FSA on its capital position.

The Finance Act 2010 was rushed through, before parliament was dissolved ahead of the general election. The new act includes clauses about extending the special allowance charge on pension contributions. Jeremy Pearson explains

The FTSE 100 plunged 1.95% this afternoon as miners continued to weigh on the index following Australian plans to levy a 40% tax. The index fell 108.4 points to 5,444.89.

Source has launched an ETF based on the MSCI Emerging Markets Total Return net index, designed to provide consistent tracking.

Credit Suisse is renaming its family of Xmtch funds ‘Credit Suisse ETFs' to align its products with its brand strategy.

Home of Choice is to announce the new owner of the network tomorrow, with LSL Property Services understood to be the preferred bidder.

Royal London new life and pensions business increased by more than 50% in Q1 this year, led by a strong performance from its pensions arm Scottish Life.

Swiss Life has launched a new global group employee benefits product covering the health and protection sectors for expatriates.

The China Investment Corporation holds $2.4bn in ETFs and is one of many institutional investors to increase usage of these funds, according to State Street Global Advisors (SSgA).

Gross lending by mutuals increased by 36% in March to £1.597m compared to £1.174m in February.