Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

Sesame Bankhall Group (SBG) and Henderson Global Investors have today launched their multi-manager offering, Optimum Investment Management.

Prudential has appointed Paul Manduca as chairman, succeeding Harvey McGrath in the £600,000 post.

EEA Fund Management has welcomed yesterday's "helpful" guidance from the FSA, on its intention to ban the sale of traded life policy investments (TPLIs) to retail clients.

The FSA has hinted it may impose stricter regulatory requirements on firms recommending traded life policy investments (TLPIs) after issuing final guidance stating they should not be promoted to most retail investors.

UK RECESSION

The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.

UCIS

The point at which people start paying income tax has been increased to £9,205, George Osborne announced in today's Budget.

The limit at which child benefit will be scrapped for families will not be a 'cliff-edge' at the higher rate of tax, Chancellor George Osborne announced today.