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F&C calls off outsourcing deal

F&C will not be outsourcing former Isis operations to Mellon despite agreeing in principle a year ago. The firms failed to agree on contracts.

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Bupa looks to January for full protection launch

Bupa Individual Protection will be looking at an early December launch of its protection proposition with online capabilities to 26 soft partners. A full launch follows in the first week of January. Phase one will concentrate on critical illness and life while phase two will introduce the expert underwriting system with further protection products.

Allianz Global Bric building in UK

Allianz Global Investors is planning to launch a UK version of its German emerging markets Bric fund. The German version invests in Brazil, Russia, India and China and has raised 57m since launch this year.

Mixed response as Bernanke named Greenspan successor

The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]

Gummer backs Massow in plea to the regulator

Aifa chairman John Gummer is to take Ivan Massow’s plight to the FSA, claiming that the case exposes fundamental flaws in a claim process that ignores a historic understanding of cases. The Conservative MP for Suffolk Coastal considers that Massow’s situation highlights the “thoroughly reprehensible” way that life offices treated gay men in the early […]

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