News

F&C Asset Management has reported a £8.7m after tax loss for the first six months of the year, with strong currency movements contributing to a £10.3bn fall in AUM.

As many as 350 jobs could go as a result of AXA's strategic review of its UK life operations.

Sales of Scottish Widows and Clerical Medical products through IFAs dropped 29% in the first half of 2009, as the two providers operated as a combined business following Lloyds' official takeover of HBOS in January.

Standard Life's underlying profits before tax fell 86% over the past year, though its dividend has been increased.

Members of the Society of Trust and Estate Practitioners (STEP) are "significantly more confident" about their business outlook'.

Jubilee Financial Products is delaying the strike date on its suite of four structured products until 25 September in anticipation of a market correction.

Mortgage brokers are broadly optimistic about their business prospects for the next 12 months, research from RBS Intermediary Partners (RBS IP) shows.

The Dow Jones has opened lower this morning following news US personal income has suffered the largest drop in four years.

One in four Aviva with-profits policyholders are unhappy with its proposed reattribution offer, a survey had revealed.

XShares Advisors has closed its AirShares EU Carbon Allowances Fund listed on NYSE Arca due to the inability to attract significant market interest.