News

Lloyds Banking Group is to cut a further 1,200 jobs with the company's insurance and IT arms expected to bear the brunt.

Over three quarters of depositors with savings trapped in Kaupthing Singer & Friedlander Isle Of Man are due to be repaid in full by early September this year.

Advisers must work harder to manage clients' expectations realistically as more complex products enter the market place, according to OBSR.

Sesame is calling for lenders to resume normal risk-based lending and to increase loan to values (LTVs) to a minimum of 90%.

Safe Home Income Plans (SHIP) has reported a 22% year-on-year fall in business volumes despite a 5% increase in new customers in Q2 2009.

Henderson Group has retained a better than expected 77% of New Star fund assets but warned first half profits will be half the level of a year ago.

The City will be forced to publicly reveal the pay and bonuses of hundreds of traders and bank executives under a Treasury-backed plan to be released later today, reports The Guardian.

A ratings upgrade from Citigroup helped Schroders to a healthy gain early on Thursday, but the FTSE remains largely unmoved following yesterday's impressive gains.

IFAs shunned commercial property facilities when choosing SIPPs during 2008 with their major priority being FSA approval for the products, according to figures from Defaqto.

The CII has elected to freeze membership subscriptions at 2008 levels until at least the end of 2010, in consideration of the economic downturn.