Gilliat's latest version of its Annual Kick Out plan offers three investment options, each linked to the FTSE 100 and S&P 500.

Morgan Stanley has introduced a new investment to its structured product range, the FTSE Defensive Income plan.

The FTSE 100 opened higher, up 0.26% or 13.87 points to 5,289.31, supported by M&A activity in the resources sector.

Fund of funds recorded their highest ever quarterly net retail sales in Q2 at £2.3bn, according to the IMA.

Minority shareholders in F&C Commercial Property trust (FCPT) have rejected a proposed takeover by Ignis-managed UK Commercial Property trust (UKCPT) to create a £1.6bn vehicle.

The FTSE 100 opened strongly at the start of the week, boosted by Friday's late rally on Wall Street and positive corporate news.

The FTSE 100 has fallen sharply this afternoon on news 131,000 jobs were shed in the US last month.

BP's shares rose 2.36% to 425.45p at 3.15pm following the news almost three-quarters of the oil spill in the Gulf of Mexico has been cleaned-up or broken down by natural forces.

Morgan Stanley has begun selling the FTSE Gilt-Backed Growth plan 4.

Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.