GLOBAL - Northern Trust said it had appointed Stephen Andress to the newly-created role of global head of derivatives operations on the back of increasing derivatives demand from investor and fund manager clients.

THE BASIC state pension rose £2.20 a week during the last tax year, latest figures show.

MAN INVESTMENTS has launched a capital guaranteed product targeting returns of up to 16pc per annum.

MFI in talks with Merchant over furniture stores; NPSS plans attacked; House of Fraser is set to back a bid from Baugur; Planned NTL buy-out has not yet won Branson and Huff backing

SCHEMES are disappointing members because trustees have not implemented several A-Day "sweeteners", The Pension Advisory Service claims.

SCOTTISH Life has developed a service designed to help trustees restructure pension schemes.

HENDERSON Global Investors is set to launch a fund of hedge funds in a bid to provide investors with absolute positive returns and acceptable volatility.

ONE in three Brits wants to retire abroad, latest research by Clerical Medical reveals.

RATING agency Standard & Poor's has warned investors of a sharp acceleration in companies defaulting on bond payments.

ABERDEEN Property Investors has expanded its property business into Asia with the launch of an Asian fund of property funds.