News

The Bank of New York Mellon will acquire Insight Investment Management from Lloyds Banking Group for £235m.

Société Générale's listed structured products have been added to Ascentric's wrap.

Clive Cowdery is nothing if not determined. Two years after jilting Friends Provident at the altar for a better offer from rival closed-life firm Pearl Assurance, he has returned to hunt down the insurance firm in a new guise.

The aggregate funding position - total assets minus total liabilities - of defined benefit schemes improved by over £40bn over the last month, the Pension Protection Fund says.

Average LTVs for residential mortgages fell by 2% to 67% in Q2 2009 as banks remained cautious about lending, according to research by the Mortgage Advice Bureau.

The £1.86bn takeover deal of Friends Provident by Clive Cowdery's Resolution could grow the insurer's international business in the future, according to Rocco Sepe, international managing director at FPI.

Signs of revived interest in the housing market comes in the July survey from the Royal Institution of Chartered Surveyors (RICS).

Falling house prices have wiped off £29bn from British pension pots this year as nearly a tenth of the population relies on property to fund their retirement, new research reveals.

The number of mortgages granted in June was up 23% from the month before, new data from the Council of Mortgage Lenders (CML) shows.

The FTSE 100 has moved ahead in early trading this morning, boosted by news Friends Provident has agreed a merger with Clive Cowdery's Resolution consolidation vehicle.