News

Financial services firm Guggenheim Partners has finalised its acquisition of Claymore Group, a provider of ETFs and other investment products.

Henderson's head of UK wholesale Laurie Jaques has left the firm to pursue opportunities elsewhere.

The FSA has warned mutuals to ensure existing with-profits policyholders are protected when they seek to launch new products.

Lloyds Banking Group will sell its Halifax estate agency to LSL Property Services for just £1, with a loss of 460 jobs, reports the BBC.

The Labour party will not scrap the tax relief on pensions for people who earn less than £150,000 a year, secretary of state for work and pensions Yvette Cooper says.

European markets opened in positive territory this morning with the FTSE Eurofirst 300 and the FTSE All-Share both up 0.8%. This follows strong overnight results from IBM and Google.

Rowanmoor Pensions has launched a guide to SIPP commercial property purchases.

Just Retirement sales jumped 16.4% in the first quarter of its financial year, helped by a spike in equity release business.

Investment Bank Goldman Sachs set aside $5.35bn in its third-quarter results to take its compensation pool for the first nine months of the year to $16.7bn.

Sesame has completed its acquisition of Bankhall and the Premier Mortgage Service from Skandia UK.