Just Retirement founder Mike Fuller will step down as chief executive in the summer.
The FTSE was up 27.5 points (0.5%) to 5271.63, buoyed by gains among mining firms.
The EU has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state.
ETFs tracking commodities and hedge fund indices are the best placed to receive new inflows this year, a survey by db x-trackers reveals.
Advisers plan to reduce client exposure to cash and fixed income as improving investor confidence prompts a shift towards emerging markets.
The Association of IFAs (AIFA) should be ashamed - not proud - of its part in reducing the minimum adviser qualification level, according to the managing director of Smart Financial Planning.
Lifemark, the life settlement vehicle embroiled in the collapse of Keydata, has been given a further six months to restructure.
Merger and acquisition (M&A) activity in European financial services, excluding government-led deals, sunk to its lowest levels for six years in 2009, according to figures from PricewaterhouseCoopers.
Boosting economic growth is more important than controlling inflation, advisers say.
The Chartered Insurance Institute (CII) says it is prepared to work with Ken Davy's newly-formed Alternative Assessment Project Group, but only once the FSA has firmed up its evaluation criteria for getting to Level 4 standard.