News

Prudential has poached Lloyds Banking Group's Rob Devey, to take up the role of chief executive of Prudential UK and Europe.

IFA network Sesame says its impending acquisition of Bankhall will give it the "scale" necessary to thrive in a post-RDR world.

Skandia International has added five Invesco funds to its range to diversify the breadth of choice available for international advisers.

The FSA has fined Richard Holmes, a director of insurance broker AIF Limited, the sum of £20,020 for control failings in relation to an appointed representative firm (AR).

The disclosure requirements proposed for restricted advice in the latest RDR consultation paper need to go further and require firms to use a mandatory form of words in their initial disclosure information, says Skandia.

Northern Rock is expected to heap further embarrassment on the Government next month when it reports losses for the half in excess of £500m, putting it in breach of even specially relaxed regulatory rules, according to The Telegraph.

London saw shares fall in early trading, with the FTSE 100 down 35.77 points (0.82%) to 4,304.94 as investors exercise caution ahead of key US employment data.

Legal & General is to start selling enhanced annuities directly to consumers, bypassing IFAs, via its Annuity Solutions brand.

Bright Grey has won the title of Employer of the Year at this year's National Business Awards for Scotland.

Almost half of expats in the UK hit hard by the global economic downturn are considering returning home, with those currently based in the US, Thailand and South Africa the worst affected, a new survey reveals.