News

The Office of Fair Trading (OFT) has dismissed industry calls to regulate estate agents.

Van Eck Global has released an ETF providing exposure to Egypt on the NYSE Arca exchange in the US.

Groupama Insurances' combined profitability for the UK operations (before tax and amortisation) reduced to £14.1 million (2008: £30.1 million).

The Government borrowed £4.3bn in January, the first time there has been a budget deficit in January since records began in 1993.

Axa's protection and healthcare business bucked the trend last year in recording increased revenues as its overall company earnings fell 18% to £235m.

Solvency II will spur a wave of merger and acquisition (M&A) activity among insurers, PricewaterhouseCoopers (PwC) predicts.

Multi-managers including Henderson and Thames River have recently reduced their allocations to Europe, following a turbulent few weeks for the region.

Aviva has been forced to improve its with-profits literature after an IFA criticised the information given to policyholders approaching their 10th anniversary.

Gross mortgage lending fell 32% in January compared with the previous month to hit its lowest monthly total for 10 years, figures from the Council of Mortgage Lenders (CML) show.

Consumer requests for mortgages have risen by 50% since January 2009, pointing towards increased activity in the mortgage market, according to Unbiased.