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Chris Salih
Chris Salih has left Money Marketing
Jupiter: net flows fall 70% due to IFA 'hiatus'
Net flows have fallen from $688m in the fourth quarter of 2012 to £209m in Q1 2013
Lloyds considers Swip sale to boost capital
Bank considering sale of Scottish Widows Investment Partnership in a bid to boost capital.
Jupiter: Net flows down 70% due to 'hiatus' in IFA market post-RDR
Net flows have fallen from $688m in the fourth quarter of 2012 to £209m in Q1, 2013.
Swip UK equity manager James Clunie to join Jupiter
Scottish Widows Investment Partnership UK equity manager James Clunie is joining Jupiter Asset Management.
UK unemployment rises to 2.56m
The number of people out of work rose by 70,000 to 2.56 million between December 2012 and February 2013.
Hargreaves Lansdown says RDR helped it achieve record inflows
Assets under administration hit record £35.1bn after £4.7bn inflow in Q1.
UK inflation unchanged at 2.8% in March
The consumer prices index has remained unchanged at 2.8 per cent in March, according to figures from the Office for National Statistics.
Swip UK equity manager James Clunie to join Jupiter
Scottish Widows Investment Partnership UK equity manager James Clunie is to join Jupiter Asset Management.
IMF set to cut global growth forecast
The IMF is set to cut its forecast for global growth in 2013 this week.
Ashcourt Rowan hires Brewin Dolphin's Burnham
Ashcourt Rowan has boosted its asset management offering with the appointment of Brewin Dolphin's Harry Burnham.
Ex-Schroders credit chief Adam Cordery joins Santander
Santander Asset Management has appointed ex-Schroders head of UK and European fixed credit Adam Cordery as global head of European fixed income.
Ashcourt Rowan hires Brewin Dolphin's Burnham
Ashcourt Rowan has boosted its asset management offering with the appointment of Brewin Dolphin's Harry Burnham.
Nikkei jumps as Bank of Japan makes aggressive growth move
The Nikkei 225 has risen sharply after the Bank of Japan said it would aggressively expand the country's asset purchase programme.
Barclays and L&G in structured products tie-up
Barclays and L&G have teamed up to launch a series of structured product investments into the IFA market.
Bermuda National Limited to acquire JOHIM
Bermuda National Limited is to acquire JO Hambro Investment Management from Credit Suisse.
City Financial acquires OPM Fund Management
City Financial has acquired OPM Fund Management for an undisclosed fee.
Equities sales hit two-year high as bond struggles continue
Equity funds reached net retail sales of £940m in February, the highest level since the £1.2bn recorded in April 2011.
IMA sets out plans to show impact of fund costs on performance
Trade body says system offers a simple breakdown of costs and performance.
Equity sales hit two-year high as investors continue to sell fixed income
Net retail sales of equities have hit a two-year high in February as investors continue to move money out of fixed income, according to the IMA.
City Financial acquires OPM Fund Management
City Financial has acquired OPM Fund Management for an undisclosed fee.
Cazenove: Dean will not take over Buxton's funds after Schroders deal
Schroders' search for a replacement for its star fund manager is set to continue despite Cazenove Capital acquisition.
Bermuda National Limited to acquire JO Hambro IM
Bermuda National Limited and Management has agreed terms to acquire JO Hambro Investment Management.
Ignis reports fall in profits and AUM amid restructure
Restructure of its joint venture deals and a run-off of life company assets headlined "a year of significant change" at the asset manager.
Schroders agrees £424m deal for Cazenove Capital
Schroders has agreed a £424m deal to acquire Cazenove Capital.
Threadneedle appoints head of distribution
Nick Ring replaces Campbell Fleming, who became chief executive at the asset manager earlier this month.
L&G £131m Cofunds buy shows squeeze on platform margins
Cofunds is currently the largest platform in the UK with around £50bn in assets and 22 per cent market share.
L&G acquires the rest of Cofunds for £131m
Legal & General has acquired Cofunds following months of negotiation between the businesses.
Schroders agrees £424m deal for Cazenove Capital
Schroders has agreed a £424m deal to acquire Cazenove Capital.
Schroders in talks to acquire Cazenove Capital
Schroders Investment Management is in talks to acquire Cazenove Capital.
Ignis reports fall in profits and AUM amid restructure
Restructure of its joint venture deals and a run-off of life company assets headlined "a year of significant change" at the asset manager.
Brewin appoints new chairman and chief exec in board reshuffle
Brewin Dolphin has appointed Simon Miller as its new non-executive chairman and David Nicol as chief executive officer in a reshuffle of its board.
Threadneedle appoints head of distribution
Nick Ring replaces Campbell Fleming, who became chief executive at the asset manager earlier this month.
BlackRock to axe 300 jobs
BlackRock is set to cut up to 3 per cent of its workforce in a bid to reshape the New York-based asset manager.
UK inflation rises to 2.8%
The UK consumer prices index rose to 2.8 per cent in February, according to the Office for National Statistics.
EU bonus clampdown on fund managers
Fund managers across Europe are facing a ban on bonuses which exceed their salary as the European parliament plans to extend its pay clampdown
Standard Life Investments' GARS assets rise 59% to £21.1bn
Assets in Standard Life Investments' Global Absolute Return Strategies rose 59 per cent in 2012.
Standard Life Inv GARS assets rise 59% to £21.1bn in 2012
Assets in Standard Life Investments' Global Absolute Return Strategies have risen by 59 per cent in 2012 to stand at over £21.1bn.
Henderson's Bennett on why he's still going big on pharmas
European fund manager set to take pharma weighting past 30 per cent.
Threadneedle and Neptune managers call start of new bull market
UK and US equity managers say parts of the globe could already be in the opening stages of the next bull market.
Henderson's John Bennett warns fixed income investors are 'doomed'
Henderson European fund manager John Bennett has warned fixed income investors they face a stealth bear market and a possible collapse in bonds.
IMA: Fixed income asset class sees first outflows since 2008
Equities have seen the best net retail sales since 2000.
Schroders to launch Global Unconstrained bond fund
Schroders is launching a Global Unconstrained bond fund for head of global macro Bob Jolly and fixed income manager Gareth Isaac.
Fund manager reclassifies Greece as 'emerging market'
US fund group says Greece has been a "world concern" since 2009.
Hasley to launch multi-asset volatility range for Philbin
Hasley Investment Management is launching a four-strong range of multi-asset funds for Richard Philbin.
JPM launches multi-asset absolute return fund
JP Morgan Asset Management has launched a new multi-asset absolute return offering for James Elliot.
Cofunds reveals January's most popular funds
The Jupiter Merlin Income portfolio has retained its position as the bestselling fund in January.
Openwork reveals full Omnis fund manager line-up
Threadneedle, Octopus and Thomas White complete the list of fund managers for the seven-strong fund range.
JPM boosts multi-asset range with absolute return fund launch
JP Morgan Asset Management has launched a new multi-asset absolute return offering for James Elliot.
Rathbones appoints ex-Williams De Broe CEO Howell
Philip Howell is to join Rathbones as deputy chief executive next month
Openwork reveals full Omnis fund manager line-up
Threadneedle, Octopus and Thomas White complete the list of fund managers for the seven-strong fund range.
WH Ireland acquires Seymour Pierce wealth arm from administrators
WH Ireland has agreed to buy the private wealth management arm of Seymour Pierce out of administration for £25,000.
Cofunds reveals the most popular funds in January
The Jupiter Merlin Income portfolio has retained its position as the bestselling fund in January.
Advisers split on Turner's call to overhaul fund manager bonuses
Outgoing FSA chairman Lord Turner's call for an overhaul of fund manager bonuses in a bid to promote long-term investment has been met with a mixed reception.
Advisers urge FSA to avoid "blanket ban" on VCTs and Reits
Regulator is considering amending rules which would capture other products as part of its Ucis promotion ban.
FSA drops investigation into cru founder Jon Maguire
The FSA has dropped its investigation into cru founder Jon Maguire, Money Marketing understands.
Advisers split on Turner's call to overhaul fund manager bonuses
Outgoing FSA chairman Lord Turner's call for an overhaul of fund manager bonuses in a bid to promote long-term investment has been met with a mixed reception.
FSA drops investigation into cru founder Jon Maguire
The FSA has dropped its investigation into cru founder Jon Maguire, Money Marketing understands.
FSA says VCTs, ETPs and Reits likely to avoid Ucis ban
Review follows concerns a number of product were being unfairly included in the recommendations.
UK inflation unchanged at 2.7% for record fourth month in a row
RPI rises to 3.3%.
Advisers hit out at F&C over £25 CTF charge
Advisers have slammed F&C Asset Managment for its decision to introduce a £25 annual charge plus VAT on its child trust fund range.
Peter Hargreaves brands FSCS an 'incompetent dustbin' for the FSA
Hargreaves Lansdown founder Peter Hargreaves has lashed out at the FSCS.
F&C reports £4.9bn outflows led by Friends Life withdrawals
Group reports fall in assets due to withdrawals from its strategic partner business.
IMA: Net sales in mixed asset funds fall more than 50%
Net retail sales in mixed asset funds have fallen by more than 50 per cent in 2012, according to figures from the Investment Management Association.
Schroders launches multi-asset fund
Schroders has launched a multi-asset fund designed to preserve wealth and beat inflation over the medium and long-term.
Troy to soft-close top-performing income fund
Troy Asset Management is soft closing its £930m Income fund.
Hargreaves plans for RDR boost after 30% rise in profits
Hargreaves Lansdown has reported a 30 per cent jump in pre-tax profits to £93.7m in the six months to 31 December.
Henderson hires 6-strong US credit team from Delaware Investments
Henderson has expanded its fixed income team with the addition of Kevin Loome and five US credit specialists from Delaware Investments.
Schroders launches multi-asset fund
Schroders has launched a multi-asset fund designed to preserve wealth and beat inflation over the medium and long-term.
US funds dominate performance tables in January
US funds dominated the performance tables in January as global markets surged upwards after a deal was reached to avert the US fiscal cliff.
Troy to soft close top-performing income fund
Troy Asset Management is to soft close its £930m Income fund.
Brewin Dolphin income falls 5% in Q4 as RDR hits
Brewin Dolphin has reported a 5 per cent fall in income to £67.8m as income trail continued to fall in preparation for the RDR.
Advisers split on Woodford hold or fold move
Advisers have returned a mixed verdict on whether now is that time to hold or sell Invesco Perpetual Income guru Neil Woodford's Income and Higher Income funds.
Alastair Conway to leave Cofunds
Cofunds head of sales and marketing Alastair Conway is leaving the platform after five years.
Charles Stanley Direct unveils D2C platform pricing
Charles Stanley Direct has unveiled its charging structure for its D2C platform which launches this week.
Miton prepares for triple fund launch in 2013 as AuM rise 7%
Miton Group has announced a 7 per cent rise in assets under management as it plans a trio of fund launches in 2013.
Philbin revamps Hasley multi-strategy fund
Hasley Investment Management partner and fund manager Richard Philbin has revamped the multi-strategy fund in a bid to give his £21m portfolio greater diversification.
Woodford, Geffen and Mott all downgraded in latest income study
Neil Woodford, Robin Geffen and Bill Mott are among the leading UK Equity Income managers to be downgraded in the latest Sanlam Private Investments white list.
F&C reports £4.9bn outflows led by Friends Life withdrawals
Group reports fall in assets due to withdrawals from its strategic partner business.
Large fund firm 'dogs' respond to Bestinvest criticism
Swip has been named as the worst offender in the latest Bestinvest 'Spot the Dog' report and is joined by peers BlackRock, Baillie Gifford, F&C and Jupiter.
Charles Stanley Direct unveils D2C platform pricing
Charles Stanley Direct has unveiled its charging structure for its D2C platform which launches this week.
Hold or fold? Advisers split on Woodford sell call
Advisers have returned a mixed verdict on whether now is the time to hold or sell Invesco Perpetual Income guru Neil Woodford's Income and Higher Income funds.
Signia hires Schroders UK private bank chief exec to head wealth offering
Signia Wealth has hired Schroders UK private bank chief executive Rupert Robinson as head of wealth management.
Threadneedle and Schroders linked with RBS branch bid
316 Royal Bank of Scotland branches were put up for sale last year.
White List slaps sell rating on £20bn Woodford income funds
Woodford's Income and High Income funds have been given a sell rating in latest White List
Miton prepares for triple fund launch in 2013
Miton Group has announced a 7 per cent rise in assets under management as it plans a trio of fund launches in 2013.
Which platform offers the cheapest route to leading fund managers?
Advisers are still able to access leading fund managers such as Neil Woodford and Richard Woolnough for a cheaper price on Skandia's platform.
Phoenix rejects £400m bids for Ignis- reports
Phoenix Group has rejected a number of takeover bids for fund management arm Ignis Asset Management, according to reports.
Alastair Conway to leave Cofunds
Cofunds head of sales and marketing Alastair Conway is leaving the platform after five years.
FSA appoints two non-exec directors to FSCS board
The FSA has appointed Marian Glen and Charles McKenna as non-executive directors to the board of the Financial Services Compensation Scheme.
Neptune hires ex-Skandia sales manager Webb
Neptune has bolstered its intermediary sales team with the hire of former Skandia sales manager Nick Webb.
Standard Life Wealth appoints new managing director
Standard Life Wealth has appointed David Driver as its managing director.
Ex-Ignis marketing head joins Henderson
Former Ignis head of marketing James Senior has joined Henderson Global Investors.
Legg Mason to integrate Miller unit into ClearBridge Investments
Legg Mason is to combine its Capital Management division with ClearBridge Investments
Jupiter assets pass £26bn after 5% rise in Q4
Jupiter has reported a 5 per cent jump in assets under management in the final quarter of 2012 after strong net flows into its mutual funds and segregated mandates.
Fitch: UK continues to risk AAA rating
The UK is continuing to jeopardise its AAA credit rating by failing to reduce its debt, a senior figure at Fitch Ratings has warned.
M&G to merge UK equity funds
M&G is to merge its £81m UK Select and £546m UK Growth funds under the management of Mike Felton.
UK inflation unchanged at 2.7%
The UK consumer prices index remained unchanged at 2.7 per cent for the third consecutive month in December.
Aviva Investors launches RDR-ready share classes
Aviva Investors has unveiled RDR-ready share classes for its onshore and offshore fund ranges.
Woodford and Mott issue 2013 warnings
Neil Woodford has warned investors to expect further downgrades to profits forecasts for those companies more sensitive to the economic cycle.
Henderson hires Mercer's O'Connor as director of multi-asset
Henderson has appointed Mercer Investment Consulting partner Paul O'Connor as a director of multi-asset.
Morgan Stanley to cut 1,600 jobs globally
Morgan Stanley is set to cut 1,600 jobs within its investment banking business, with half the cuts to be made outside the US.
BlackRock to acquire £11bn Credit Suisse ETF business
The deal is set to complete in the second quarter of 2013.
Invesco's Woodford warns on profit downgrades
Invesco Perpetual income guru has warned he expects further downgrades to profits forecasts for companies more sensitive to the economic cycle.
Investec poaches Argonaut distribution chief
Investec Asset Management has hired Argonaut head of distribution John Lester as a sales manager.
MF Global UK administrator set to double payments to customers
MF Global's UK administrator may be able to double payments to customers and make its first payment to creditors after a three way settlement was agreed between the trustees of the US futures broker's estate.
IMA: Corporate bond funds see significant outflows
Equities outsell bonds again as funds under management hit record high.
L&G investment chief Simon Ellis departs
L&G managing director of investments Simon Ellis has left the firm after three years.
Invesco's Woodford warns on profit downgrades
Invesco Perpetual Income guru has warned he expects further downgrades to profits forecasts for companies more sensitive to the economic cycle.
Schroders' Buxton backs Rothschild in Bumi clash
Schroders head of UK equities Richard Buxton has backed financier Nat Rothschild in his ongoing clash with Bumi.
Investec poaches Argonaut distribution chief
Investec Asset Management has hired Argonaut head of distribution John Lester as a sales manager within its client group.
Jupiter's Chatfeild-Roberts: Fixed interest investors must beware inflation threat
Jupiter head of multi-manager says investments in fixed interest markets should be handled carefully while the threat of inflation hangs over many global economies.
The Share Centre reveals November's top-selling consumer funds
Income and emerging funds dominate the top 10 best-selling funds for consumers in November.
UK interest rates to stay at 0.5% until 2017
UK interest rates will stay at rock bottom per cent until 2017 as the economy struggles to recover, according to a leading investment bank.
F&C's Bramson targets UK firm with new fund
New fund has backing of Soros Fund Management and will target UK mid-sized company.
Alliance Trust yet to agree RDR charges with leading fund groups
Clients are unable to place new investments with the likes of Invesco Perpetual, Fidelity and Schroders on the platform.
S&W hires former Liontrust distribution head Mickey Morrissey
Appointment part of plans to build its discretionary fund management and guided architecture outsourcing services.
Russia Special Sits among four new launches for Neptune
Asset manager also launches two income funds and a frontier emerging markets fund.
Morningstar places Invesco Global Equity Income fund under review
Morningstar OBSR has placed the £300m Invesco Perpetual Global Equity Income fund under review following the departure of fund managers Paul Boyne and Doug McGraw.
FSA - Top 12 fines of 2012
Which firms were hit hardest by the regulator in 2012?
IMA: Euro rules could stop multi-manager
New European regulations could render multi-manager type strategies "impossible", the Investment Management Association has warned.
Artemis to retain full AMC for non-platform deals despite stripping trail
Artemis is keeping its AMC the same for all investments that are not made through platforms post-RDR.
The best and worst performing funds of 2012
UK All Companies funds saw strong returns as mid and small caps performed.
Invesco loses top-performing global equity income managers
Invesco Perpetual global equity income duo Paul Boyne and Doug McGraw have both left the firm.
UK inflation holds at 2.7%
The consumer prices index remained unchanged at 2.7 per cent in November, according to figures from the Office for National Statistics.
The best and worst performing funds of 2012
UK All Companies funds saw strong returns as mid and small caps performed.
IMA delays results of absolute return review until February
The Investment Management Association has pushed back the deadline for the fourth time.
Cofunds reveals the most popular funds in November
The Jupiter Merlin Income portfolio has retained its position as the bestselling fund in November.
RBS set for £350m Libor fine
Royal Bank of Scotland is set for a £350m fine for its role in the Libor rate-rigging scandal.
Invesco Perpetual head of marketing Rick White made redundant
Head of marketing Rick White leaves the firm after 12 years.
Jupiter's Tony Nutt: Now is a wonderful time for income
Outgoing Jupiter fund manager Tony Nutt believes now is a "wonderful" time to be investing for income.
Barclays may cut up to 2,000 jobs
Barclays could cuts many as 2,000 jobs from its investment banking arm as part of a broad restructuring of the company.
S&P puts UK AAA credit rating on negative outlook
Standard & Poor's has joined Fitch and Moody's in placing the UK's AAA credit rating on negative outlook.
Hargreaves chief exec Gorham sells £3.35m stake
Hargreaves Lansdown chief executive Ian Gorham has sold 750,000 shares in the company worth £3.35m, before buying another 225,000 shares.
Henderson chairman steps down to join Royal London
Henderson Group chairman Rupert Pennant-Rea is joining Royal London Group as a non-executive director and chairman designate.
Neptune launches European Long/Short sector fund
Neptune Investment Management has launched a European long/short sector fund.
Newton Higher Income changes: IFA verdict
Advisers are split on whether to hold or sell Newton Investment Management's flagship £2.2bn Higher Income fund following a fund manager and mandate change.
Skandia cuts 20 roles in adviser sales team restructure
Skandia has cut its adviser sales team from 100 to 80 in a restructure.
UK's AAA credit rating at risk following Autumn Statement
The UK's AAA rating is likely to be downgraded next year after the Office for Budget Responsibility cut its prediction for economic growth.
Henderson appoints Armstrong co-manager after Lanning departure
Henderson has appointed Armstrong Investment Managers co-manager James de Bunsen to its multi-asset team.
MAM Funds to rename funds under Miton brand
MAM Funds is to rebrand all its funds under the Miton label by the end of the year.
Threadneedle appoints Campbell Fleming as chief executive
Threadneedle Investments has appointed Campbell Fleming as its new chief executive officer.
Skandia cuts 20 roles in adviser sales team restructure
Skandia has cut its adviser sales team from 100 to 80 in a restructure.
Spanish regulator fines Barclays £482k for mis-rating bonds
The Spanish stock market regulator has fined the Spanish arm of Barclays for under-rating the risk of bonds in 2008.
FSA warns asset managers on outsourcing risks
Dear CEO letter highlights growing concerns about using external providers.
Neptune launches European long/short equity fund
Neptune Investment Management has launched a European long/short sector fund, Money Marketing understands.
Newton Higher Income fund changes: IFA verdict download
Advisers are split on whether to hold or sell Newton's flagship £2.2bn Higher Income fund following a fund manager and mandate change.
Barclays to shut Woolwich PM in revamp of IFA strategy
Barclays is to offer its structured investments through third party platforms and stockbrokers.
Ratings suspended on Newton Higher Income after manager change
Bestinvest and Morningstar OBSR both place flagship fund under review.
Invesco senior sales pair depart
Invesco Perpetual sales director Craig Newman and sales manager Simon Dale have both left the firm.
Tineke Frikkee replaced on Newton Higher Income - firm consolidates range
Frikkee has been replaced as fund manager of the flagship £2.2bn Higher Income fund as the firm looks to consolidate its fund range.
Schroders: Sharp fall in UK manufacturing signals triple dip recession
Schroders European economist Azad Zangana says the sharp contraction in UK manufacturing in October could signal a triple dip recession in Q4.
Jupiter income manager Tony Nutt to retire in 2014
Jupiter Income fund manager Tony Nutt is retiring in 2014.
UK's AAA credit rating at risk following Autumn Statement
The UK's AAA rating is likely to be downgraded next year after the Office for Budget Responsibility cuts its prediction for economic growth.
Experts say firms will follow Skandia's lead
Skandia has reached agreement with eight groups on the low-cost fund range.
Liontrust hires Thames River co-founder to launch global credit division
Liontrust has hired Thames River founding partner Michael Mabbutt to head up a new global credit division at the asset manager.
Towry to become restricted post-RDR
Towry has announced plans to offer a restricted advice service on all retail investment products ahead of the RDR next month.
Towry to offer restricted advice service post-RDR
Towry has announced plans to offer a restricted advice service on all retail investment products ahead of the RDR next month.
Saltus acquires Altrincham-based wealth manager
Saltus Fund Management has acquired Altrincham-based wealth management firm Mercater Capital Management.
Liontrust hires Thames River co-founder to launch global credit division
Liontrust has hired Thames River founding partner Michael Mabbutt to head up a new global credit division at the asset manager.
Ex-Bestinvest investment director guilty of indecency
Former Bestinvest investment director Nigel Parsons has pleaded guilty to 14 charges, including voyeurism and taking indecent photographs of children.
Equities continue to outsell bonds, IMA stats
Equities have retained their position as the bestselling asset class for the second month in a row, according to figures from the IMA.
European markets rise on deal to cut Greek debt
European markets have risen in early trades after the EU and the International Monetary Fund agreed a deal for a £35bn package to reduce Greece's rising debt problems.
UK equity income managers expect lower dividend growth next year
The raft of special dividends are unlikely to be repeated in 2013 and will result in a lower dividend forecast.
Liontrust reports net inflows of £189m
Liontrust Asset Management has reported net inflows of £189m in the six months to 30 September.
Mixed Investments 20-60% sector funds dominate best-sellers on Cofunds
The Mixed Investment 20-60% Shares sector has re-taken the top spot as the bestselling sector on Cofunds in October.
SLI appoints analyst to MyFolio fund range
Standard Life Investments has hired Pimco portfolio analyst Rickey Thevakarrunai for its fund solutions team.
Eurozone finance ministers fail to reach deal on Greek bailout
Eurozone finance ministers have failed to reach a deal to allow Greece to receive the next tranche of its bailout.
UBS trader found guilty of fraud over £1.4bn loss - jailed for 7 years
A city trader at UBS who lost £1.4bn of the bank's money has been found guilty of two counts of fraud.
Fund of funds sales more than halve to £2.2bn
Fund of funds net retail sales more than halved from £4.6bn in the first nine months of 2011 to £2.2bn this year.
Liontrust reports net inflows of £189m
Liontrust Asset Management has reported net inflows of £189m in the six months to 30 September.
UK inflation rises to 2.7%
The UK consumer prices index rose to 2.7 per cent in October, according to the Office for National Statistics.
IMF chief clashes with EU over Greek debt
Christine Lagarde has hit out at EU finance ministers over the postponement of a target date for reducing Greek debt levels.
RBS appoints UBS to manage branch sale
Royal Bank of Scotland has appointed investment bank UBS to manage the sale of 316 branches.
Henderson reports £1.1bn net outflows in Q3
Henderson has reported a net outflow of £1.1bn in the third quarter of 2012.
Global markets hammered on US 'fiscal cliff' and eurozone concerns
Global markets slumped heavily on Wednesday afternoon as concerns about the eurozone coupled with the threat of the US fiscal cliff hit investor confidence.
RBS posts £1.26bn loss for Q3 as PPI costs strike again
Royal Bank of Scotland has posted a £1.26bn loss for the third quarter of 2012 after setting another £400m for PPI misselling.
Henderson reports £1.1bn net outflows in Q3
Henderson has reported a net outflow of £1.1bn in the third quarter of 2012.
Boutique focus
We look at three multi-asset boutiques looking to give their larger rivals a run for their money
Standard Life Inv GARs assets rise 46% in 2012
Assets in Standard Life Investments' GARs have risen by 46 per cent to stand at over £19bn.
Barclays faces two further US investigations
Barclays has revealed it faces two further probes in the US as the group announced its third quarter results.
M&G confirms it will not facilitate adviser charging
M&G has written to advisers to confirm it will no longer facilitate the payment of adviser charging at the end of this year.
Equity fund sales overtake bonds for first time in 12 months, IMA stats
Equities have replaced bonds as the best-selling asset class for the first time in 12 months, according to the IMA.
Hargreaves Lansdown leads FTSE fallers after Citi places firm on sell rating
Hargreaves Lansdown has been the biggest faller in the FTSE 100 on Monday after analyst Citi placed the firm on a sell rating.
Ex-Cofunds chief Brett Williams launches alternatives business
The business will target growth through the enterprise investment scheme market.
UBS to cut up to 10,000 investment banking jobs
UBS is planning to scale back its investment banking capabilities in a move that could see the firm cut up to 10,000 jobs
David Cameron may face investigation over GDP hint
Prime Minister David Cameron may face an official investigation after appearing to drop a hint about growth figures.
RBS closes volatility funds less than 2 years after launch
Royal Bank of Scotland has closed its much-hyped balanced and cautious volatility funds.
Quilter in advanced talks to acquire Cheviot
Quilter has confirmed it is in advanced talks to acquire Cheviot Asset Management.
European markets fall on Spanish gloom and corporate concerns
FTSE 100 ends the day below 5,800.
Nationwide mulls bid for 316 RBS branches
Nationwide Building Society is considering a bid for 316 Royal Bank of Scotland branches
AIC appoints Andrew Bell as chairman
The board of the Association of Investment Companies has elected Andrew Bell as its new chairman.
Henderson to power Paradigm investment proposition
Henderson has signed a joint venture agreement with Paradigm Group to power its new investment proposition.
RBS closes volatility funds less than 2 years after launch
Royal Bank of Scotland has closed its much-hyped balanced and cautious volatility funds less than two years after launching the offerings.
UK inflation falls to 2.2%
The UK consumer prices index fell to 2.2 per cent in September, according to the Office for National Statistics.
Virgin and JC Flowers eye RBS branches deal
Virign Money and JC Flowers are reported to be preparing bids for 316 RBS branches
Ben Yearsley joins Charles Stanley Direct
Ex-Hargreaves Lansdown investment manager Ben Yearsley has joined Charles Stanley Direct.
Rathbones says IFA network deal is not start of a spree
Rathbones Brothers says the deal to acquire a Cornish IFA network is an isolated one.
Henderson to power Paradigm investment proposition
Henderson has signed a joint venture agreement with Paradigm Group to power its new investment proposition.
Aberdeen offers cut price RDR-share classes on multi-manager range
Aberdeen Asset Management is offering a 0.5 per cent annual management charge on its RDR-ready share classes.
Cofunds reveals most popular funds in September
Strategic bonds becomes best-selling sector, replacing Mixed Investments 20-60% shares.
S&P downgrades De Blonay's £438m Jupiter Financial Opps fund
Standard and Poor's has downgraded Guy De Blonay's £438m Jupiter Financial Opps fund.
Rathbones acquires stake in Cornish financial planning firm
Firm acquires 20 per cent of Vision Financial Planning with a view to buying the remaining 80 per cent in 2015.
Barclays rejigs investment banking structure
Barclays has appointed regional heads and is merging its equities and fixed income businesses.
Artemis' Littlewood continues to lower equity exposure
Artemis Strategic Assets fund manager William Littlewood has lowered the net equity position of his fund to 54 per cent.
Pimco's Gross: UK and US addicted to 'crystal meth' debt
Bill Gross says the US could end up like Greece in the next decade if it does not tackle its debt problems.
City Financial acquires Eden Financial AM
City Financial has acquired the asset management arm of Eden Financial.
Senior fund manager trio launch RDR investment consultancy
Senior investment trio Dan Kemp, Clive Hale and Sam Liddle have launched an investment consultancy.
Henderson's Pattullo: Central bank promises are inflection point for markets
Henderson head of retail fixed income John Pattullo says recent actions by central bankers Ben Bernanke and Mario Draghi are an inflection for global bond yields.
IMA issues final guidance for fund charges disclosure
IMA calls on UK asset managers to go "above and beyond" the current European regulatory requirements.
Canaccord Financial to acquire wealth management business of Eden Financial
Canaccord Financial is to acquire the wealth management arm of Eden Financial for £12.8m - Eden to dispose of asset management business.
IMA issues final guidance for fund charges disclosure
IMA calls on UK asset managers to go "above and beyond the current European regulatory requirements".
Aviva Investors to restructure global Reits securities business
Aviva Investors is expected to close desks in both London and New York.
Schroders acquires 25% stake in Indian asset manager
Schroders has acquired a 25 per cent stake in Indian fund firm Axis Asset Management.
UK inflation falls to 2.5%
The UK consumer prices index has fallen to 2.5 per cent per cent in August, according to the Office for National Statistics.
Insight Investment set to add £27bn asset manager
Insight Investment has announced that currency risk manager Pareto Investment Management is to be merged into the Insight Group.
Henderson and LGIM chief execs among new IMA board members
The Investment Management Association has appointed four new board members including Henderson chief executive Andrew Formica.
Winterflood: The RDR squeeze on investment trust fees
Winterflood Investment Trusts has warned that investment trust fees will come under pressure as a result of the RDR.
S&W MM Global Investment sells Darwall's Jupiter European Opps
The £26.2m Smith & Williamson MM Global Investment fund has exited its longstanding holding in the Jupiter European Opportunities trust from
SVM co-founder quits – funds placed under review
SVM co-founder and fund manager Donald Robertson has left the firm with immediate effect.
SLI reshuffles multi asset team following departures to Invesco
SLI has reshuffled the multi-asset team behind the £12bn Standard Life Investments Global Absolute Return Strategies fund.
German court approves eurozone bail-out fund
The German constitutional court has approved the €500bn European Stability Mechanism.
Old Mutual drops Skandia name in rebrand
Old Mutual has confirmed it is rebranding its merged asset management business to Old Mutual Global Investors.
Moody's threatens to strip US of AAA rating
Moody's has threatened to strip the United States of its AAA rating if next year's Budget talks do not produce policies to tackle the country's mounting debt.
Legg Mason CEO Fetting to step down
Legg Mason chairman and chief executive officer Mark Fetting is stepping down.
IMA survey shows rapid fall in UK equities exposure download
The 10th annual IMA survey has shown a sharp slump in interest in UK equities.
RBS set for Libor fine of up to £300m
Reports say bank is facing fine of between £200m-£300m for its role in the manipulation of the Libor rate.
George Soros: Germany must lead or leave euro
Veteran financier has called on Germany to leave the eurozone if it is not willing to help some of the weaker nations tackle their economic concerns.
Artemis' Littlewood continues to cut equity exposure
Artemis Strategic Assets fund manager William Littlewood has cut his long only equity exposure to 60 per cent.
FTSE 100 up over 2% at close as markets respond to ECB support
Growth sensitive stocks bounced on details of the European Central Bank's plans to help the eurozone.
Majority of flagship cautious managed funds unsuitable
Only two of the largest 20 cautious managed funds are suitable for cautious investors, according to research from IFA Informed Choice.
SVM co-founder quits – funds placed under review
SVM co-founder and fund manager Donald Robertson has left the firm with immediate effect.
Hargreaves co-founder steps down from board as firm announces 21% profit
Hargreaves Lansdown co-founder Stephen Lansdown has stepped down from the firm's board as the group revealed a 21 per cent jump in profits.
Ignis appoints Barings' GEM fund manager
Ignis Asset Management has poached Barings Asset Management fund manager Mark Julio as portfolio manager for emerging market equities.
LGIM appoints head of global credit
Legal & General Investment Management has appointed Marion Stommel as head of global credit
BlackRock to launch North American income trust
BlackRock Investment Management is launching a North American Income trust which will offer an annual dividend yield of 4 per cent.
Hargreaves Lansdown founders set for £40m dividend
Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall.
Martin Bamford: Majority of flagship cautious managed funds unsuitable
Only two of the largest 20 cautious managed funds are suitable for cautious investors, according to research from IFA Informed Choice.
Barclays appoints new chief executive
Barclays has appointed Antony Jenkins to replace Bob Diamond as its new chief executive in the aftermath of Libor scandal.
Aviva to cut up to 800 UK jobs
Chairman John McFarlane looks to scale back the insurer's operations.
Henderson's Burvill plans to boost equity exposure in £1.1bn cautious fund
Burvill expects to take equity exposure to 60% in autumn equity rally.
Jupiter Merlin team adds Terry Smith to £770m Worldwide portfolio
Merlin team has taken a position in Terry Smith's £532m Fundsmith equity fund within Jupiter Worldwide fund.
Woodford: MPs response to G4S has put UK recovery at risk
Invesco Perpetual income has hit out at MPs for their reaction to the G4S Olympic security debacle, claiming their response has put the UK recovery at risk.
Aviva activists call for four directors to quit
An activist group of Aviva policyholders and private shareholders is pressing four directors to quit following the group's underperformance.
Aviva to cut up to 800 UK jobs
Chairman John McFarlane looks to scale back the insurer's operations.
Ignis reports first half profits of £19m
Ignis Asset Management has reported an operating profit of £19m for the first half of 2012.
Fifth fund for Chatfeild-Roberts' Merlin range
The fifth fund in the Jupiter Merlin range will be called the Jupiter Merlin Conservative Portfolio.
RBS under investigation by US authorities
Royal Bank of Scotland is understood to be under investigation by US authorities over potential breaches of sanctions against Iran.
FTSE close: Resources soar as eurozone hope grows
The blue-chip index ends the day up 33.15 points to 5,857.52.
L&G to launch Sterling Corporate bond index fund in RDR-push
Legal & General Investments is launching a Sterling Corporate Bond Index fund.
Former Barclays boss Diamond hits back at TSC
Bob Diamond says he was not "highly selective" when giving evidence to MPs.
Advisers content with size of Standard Life GARS offering
Standard Life Investments' Global Absolute Return Strategies offering has grown by £4bn in the past six months.
BoE policymaker: UK not in recession
Bank of England policymaker Martin Weale says the UK is currently in stagnation rather than recession.
Ex-Architas CIO Richard Philbin joins Hasley Investment Management
Hasley to launch three risk-rated for former Architas CIO.
US probes seven banks over Libor scandal
Seven banks have been issued subpoenas in the US for their alleged manipulation of the Libor interbank lending rate.
Aberdeen boosts European exposure in multi-manager range
Aberdeen introduces the JO Hambro Continental European fund to its multi-manager range.
Standard Chartered agrees £217m settlement with US regulators
Shares in the bank rise on the back of £217m settlement.
UK inflation increases to 2.6%
The UK consumer prices index has risen to 2.6 per cent in July, according to the Office for National Statistics.
Henderson pre-tax profit falls 8.6%
Henderson says volatile markets led to a fall in demand for its products.
Three people convicted over £10m 'ponzi' scheme
Three individuals have been convicted in connection with an alleged £10m fraudulent investment scheme.
FTSE close: Stocks fall as market eyes weaker growth data
The FTSE 100 ends Monday down 0.26 per cent to 5,831.88.
European stocks fall on weak China trade data
European markets made losses on Friday on the back of weak Chinese trade data.
M&G reports net inflows of £4.9bn
M&G Investments has recorded a 69 per cent increase in net inflows to £4.9bn in the first half of 2012.
Barclays appoints David Walker as chairman
Barclays has appointed Sir David Walker as its new chairman in the aftermath of the Libor scandal.
£5bn of assets in underperforming UK income funds
Invesco Perpetual Income fund has been cut from Principal Investment Management's white list.
Alliance Trust acquires Aviva Investors' £1.2bn SRI business
The Aviva SRI team, headed by Peter Michaelis, will move to Alliance Trust
Bank of England set to cut 2012 growth rate to zero
The Bank of England is expected to cut growth forecasts close to zero.
FTSE 100 continues rally despite Standard Chartered share plunge
The FTSE 100 has continued to rally on Tuesday despite a sharp share plunge from Standard Chartered.
Standard Chartered defends Iran claims as shares plunge
Standard Chartered has denied claims of money laundering by the New York Department of Financial Services.
FTSE blog: Banks and miners lead the way as FTSE 100 passes 5,800
The FTSE 100 has passed 5,800 on Monday with banks and miners making strong gains.
Almost £5bn of assets in underperforming UK equity income funds
Almost £5bn of assets have been invested in consistently underperforming UK income funds, according to Principal Investment Management.
Invesco plans to seize control of JJB Sports
Last ditch attempt to turnaround the retailers performance.
Woodford's £9bn Income fund cut from Principal white list
Invesco Perpetual Income fund has been cut from Principal Investment Management's white list for the first time since 2002.
Fee hike fears for low-cost funds
New rules could result in low-cost funds becoming more expensive, the FT reports.
Bank of England set to downgrade growth and inflation forecasts
The eurozone crisis and slowing domestic demand continue to hit the UK economy.
Alliance Trust acquires Aviva Investors' £1.2bn SRI business
The Aviva SRI team, headed by Peter Michaelis, will move to Alliance Trust.
FSA dismisses IMA concerns on FSCS cross subsidy
IMA: Bonds dominate as retail sales hit £8.1bn in first half of 2012
Corporate bonds remain best selling sector with £223m of net retail sales.
FTSE 100 passes 5,700 barrier
The FTSE 100 has passed the 5,700 barrier on the back of solid earnings figures.
Government and FSA to review MF Global collapse
The Government is launching a review in tandem with the FSA into the failure of MF Global.
Barings acquires Korean asset manager
Baring Asset Management has acquired Korean asset management firm SEI Asset Korea, subject to regulatory approval.
Warren replaces Porter as F&C assets fall
F&C has confirmed that Thames River chief executive Charlie Porter is leaving the group.
94% of absolute return funds unsuitable
Absolute return funds fall foul over cost and consistency concerns.
Economists warn UK faces triple-dip recession
The UK could be set for a triple-dip recession once the benefits of the London 2012 Olympics wear off, economists have warned.
RBS set for big fine over Libor scandal
RBS expected to make a further £100m provision for the misselling of PPI in its results on Friday.
S&P stands by UK 'AAA' rating
Ratings agency backs stable outlook for UK economy despite double-dip recession.
Markets make further gains as Merkel and Hollande pledge euro support
European markets have all ended the day higher on anticipation of action from policymakers to protect the troubled euro currency.
IMA: Bonds dominate as retail sales hit £8.1bn in first half of 2012
Corporate bonds remain best selling sector with £223m of net retail sales.
M&G moves to stem flows in Woolnough's corporate bond funds
M&G Investment is looking at ways to stem inflows into Richard Woolnough's £6.3bn Corporate Bond and £5.1bn Strategic Corporate Bond funds.
FSA dismisses IMA concerns on FSCS cross subsidy
The IMA has slammed the FSA over its "shocking and astonishing" proposals to overhaul the funding of the FSCS.
M&G plans to slow inflows into Woolnough's £11.4bn corporate bond range
M&G Investment is looking at ways to stem inflows into Richard Woolnough's funds.
Henderson merges Distribution and Cautious funds
Henderson merges Managed Distribution Fund into Cautious Managed Fund
Germany's AAA credit rating comes under threat
Moody's has warned the outlook for Germany's AAA credit rating is negative.
European markets tumble on Spanish fiscal concerns
Markets tumble across Europe as the yield on 10-year Spanish government generic bonds continues to rise.
Resolution cancels £250m payment to shareholders
Group cites concerns over the future investment, regulatory and economic uncertainty surrounding Friends Life.
LSE in talks with Singapore exchange over £7.2bn merger
Reports suggest the LSE has held a number of informal conversations with the Singapore exchange over a tie-up.
Jupiter merges fixed interest and multi-asset teams
Jupiter head of fixed interest John Hamilton is leaving the firm after 21 years.
On-Line Partnership appoints former Tenet deputy chief
On-Line Partnership Group has appointed former Tenet deputy chief exec Peter Lane as commercial director.
SFO to probe banks' rigging of Libor
Neptune launches lower-risk defensive fund
Neptune Investment Management has launched a multi-asset defensive fund for manager Harriet Grieve.
SFO confirms investigation into Libor
The SFO has confirmed plans to launch an investigation into the Libor scandal.
Barclays faces clash with Diamond over £25m pay-off
Barclays is set for a showdown with former chief executive Bob Diamond over a potential £25m pay-off from the bank.
Leeds BS chairman Robin Smith to retire
Leeds Building Society chairman Robin Smith is leaving his position after six years.
Ken Davy unveils Sandringham Financial Partners
SimplyBiz chairman Ken Davy's new restricted national advice business will be called Sandringham Financial Partners.
Barclays chief reveals BoE involvement in Libor scandal
Barclays has disclosed details of a phone conversation which place the Bank of England at the centre of the rate-setting scandal.
Dennehy issues warning over bank exposure in corporate bonds
Dennehy issues warning over bank exposure in corporate bonds
Dennehy says investor be wary of "safe" corporate bonds with big holdings in the banking sector
SRA proposes relaxation of rules on IFA referrals
The SRA has proposed plans to relax rules for solicitors to refer independent financial advisers for investment advice.
PFS chartered membership hits 3,000
The number of chartered financial planners has broken through the 3,000 barrier, according to research from the Personal Finance Society.
MPC set to add £50bn to QE programme
The Bank of England is to inject another £50bn of stimulus into the UK economy in a bid to stave of recession.
Aviva set to close divisions in cost-slashing overhaul
Aviva is considering selling or closing up to 15 division in an overhaul of its business operations.
MPC set to add £50bn to QE programme
The Bank of England is to inject another £50bn of stimulus into the UK economy in a bid to stave of recession.
European markets make big gains on EU summit deal
Markets jump as investors surge towards riskier assets on the back of the EU summit deal.
Henderson's Bennett: Once-in-a-generation European opportunity
Henderson fund manager John Bennett says there will be a "once in a generation" opportunity to invest in European equities in the near future.
Barclays boss ignores calls to resign
Barclays chief executive Bob Diamond has ignored calls to resign after the bank was fined £290m over rate-setting misconduct.
M&G risk-rates multi asset funds
M&G Investments is the latest firm to introduce risk-ratings for its funds, with three of its multi-asset funds given a rating.
Investors continue to favour bonds, IMA stats
Fixed income funds continue to rise in popularity having seen over £800m in net retail sales in May, according to the IMA.
Lloyds agrees terms with Co-op for 630 branches - NBNK set to close
Lloyds Banking has agreed terms to sell 632 of its branches to Co-operative, while rival bidder NBNK is set to close.
Lloyds agrees terms with Co-op for 630 branches - NBNK set to close
Lloyds Banking has agreed terms to sell 632 of its branches to Co-operative, while rival bidder NBNK is set to close.
Lloyds close to selling 630 branches to Co-op
Lloyds is closing in on a deal to sell its Project Verde business, according to reports.
Lloyds close to selling 630 branches to Co-op
Lloyds is closing in on a deal to sell its Project Verde business, according to reports.
Neptune marketing director quits
Neptune marketing director Georgina Pardoe has left the firm.
Aegon appoints Richard Dallas as director of marketing
Aegon UK has appointed Richard Dallas as director of marketing and transformation.
Jupiter to add cautious fund to merlin range
Jupiter is planning to bolster its £7bn merlin fund range with the addition of a cautious offering.
Lloyds set to cut asking price of Project Verde business
Lloyds Banking Group is set to cut the asking price for its Project Verde business.
Bank's QE programme risks recovery
Central banking supervisor warns low interest rates and quantitative easing could be masking lenders' bad debts.
Lloyds set to cut asking price of Project Verde business
Lloyds Banking Group is set to cut the asking price for its Project Verde business.
Moody's downgrades 15 global banks
Royal Bank of Scotland, Barclays and HSBC among the downgrades
Moody's downgrades 15 global banks
Royal Bank of Scotland, Barclays and HSBC among the downgrades
Advisers call for rethink of absolute return definitions
Advisers have called for a simplified definition for the absolute return sector.
Chambers calls for bold boost to the economy
Corporate bonds lead buoyant fund sales
Death of City AM founder Viv Coghill
RSM Tenon picks new chairman after Martin steps down
Yearsley leaves Hargreaves Lansdown
Global market fall sharply on poor US job figures
Global markets have fallen sharply following worse-than-expected US jobs figures.
Reyker passes delayed income payments to Merchant Capital clients
Reyker says the final batches of payments bringing the ex-Pritchard position from March 9 onwards fully up to date are being made today
MoneySupermarket.com to buy MoneySavingExpert for £87m
MoneySupermarket.com is set to acquire MoneySavingExpert for £87m.
BCC lowers UK growth forecast in 2012 to 0.1%
The British Chambers of Commerce has revised down its growth forecast for UK growth this year from 0.6% to 0.1%.
RSM Tenon appoints new chairman
RSM Tenon has appointed Tim Ingram as its new chairman, replacing Adrian Martin.
FTSE blog: Markets make small gains in early trades
European markets have made modest gains in early trades as the look to re-coup yesterday's trading losses.
FTSE blog: FTSE 100 down almost 2% at close
European markets have tumbled today amid fears over Spanish debt.
Ben Yearsley leaves Hargreaves Lansdown
Hargreaves Lansdown investment manager Ben Yearsley has left the firm after 15 years.
SFO under fire after £3m hedge fund fine
Legal experts question SFO role after it dropped its investigation into Dynamic Decisions Capital Management in 2010.
Barings to launch Asia dynamic asset allocation fund
Barings Asset Management is launching an Asia dynamic asset allocation fund under the management of Khiem Do.
FSA bans stockbroker for 'reckless misconduct'
The FSA has banned managing partner of First Colonial Investments LLP George Leavey for "reckless misconduct".
Financial Services Practitioner Panel appoints new chairman
The Financial Services Practitioner Panel has appointed HSBC head of the UK bank and deputy chief executive Joe Garner as its new chairman.
FSA removes 600 misleading ads in two years
The FSA has removed almost 600 misleading advertisements in the past two years but has refused to name and shame the firms behind them.
Prudential appoints Paul Manduca as chairman
Prudential has named Paul Manduca as chairman, replacing Harvey McGrath in July.
FSA removes 600 misleading ads in two years
The FSA has removed almost 600 misleading advertisements in the past two years but has refused to name and shame the firms behind them.
FSA introduces new rules on deposit compensation arrangements
All banks, building societies and credit unions must clearly indicate which deposit guarantee scheme will apply to customers' deposit.
Europe prepares new rescue fund for banks
European leaders are preparing a new rescue fund designed to seize control of struggling banks across the continent.
Lloyds ex-security boss charged with fraud
A former head of security at Lloyds Banking Group has been charged over an alleged £2.5m fraud at the bank.
Lloyds ex-security boss charged with fraud
A former head of security at Lloyds Banking Group has been charged over an alleged £2.5m fraud at the bank.
MAM shifts sectors for Miton special sits and strategic funds
Top regulator says dangerous myth of free banking must end
Andrew Bailey warns free-banking is a "dangerous myth" which has to be tackled.
Top regulator says 'dangerous myth' of free banking must end
Andrew Bailey warns free-banking is a "dangerous myth" which has to be tackled.
FTSE blog: European markets fall sharply
European stocks fell sharply in morning trades ahead of the European Union Summit and more concerns that Greece could leave the euro.
Connaught continues fund suspension and seeks legal advice
Connaught has decided to continue the suspension of its income fund series two and has taken independent legal advice on the future of the fund.
ARM receives 11 restructure proposals
Troubled life-settlements vehicle Arm Asset Backed Securities has received 11 proposals for a potential restructure of the portfolio.
Manduca tipped to become new Pru chairman
Tulloch steps back to focus on fund role
FTSE up almost 2% at close
The FTSE 100 rises almost 2% to pass 5,400 at close.
IMF: UK should cut rates and boost QE
The IMF has said the BoE should look at cutting interest rates and consider more quantitative easing in a bid to tackle economic weakness.
IMF: UK should cut rates and boost QE
The IMF has said the BoE should look at cutting interest rates and consider more quantitative easing in a bid to tackle economic weakness.
UK inflation falls to 3% in April
The UK consumer prices index has fallen to 3 per cent in April, according to the Office for National Statistics.
UK inflation falls to 3% in April
The UK consumer prices index has fallen to 3 per cent in April, according to the Office for National Statistics.
Facebook shares fall 12% in early trades
Shares in social media giant Facebook have fallen by 12 per cent in early trades meaning the stock has now dropped below its opening share price of $38.
Swip international equity director Steven Maxwell dies
Scottish Widows investment director, international equities Steven Maxwell has passed away.
FTSE blog: Markets bounce in morning trades
European markets have risen in morning trades on Monday as they look to bounce back from last week's losses.
Credit Suisse mulls JOHIM sale
Credit Suisse is considering the sale of its UK private client wealth management business JO Hambro Investment Management.
Man Group to acquire FRM for £52m
Man Group is to acquire global hedge fund research and investment specialist FRM Holdings for £52m.
More than one in five failing to save for retirement
Over 20 per cent of people in the UK are failing to make any provision for their retirement, a survey by Scottish Widows has found.
Prudential to appoint Paul Manduca as new chairman
Prudential is set to appoint Paul Manduca as its new chairman replacing Harvey McGrath, according to reports.
FTSE closes down over 5% this week
The FTSE 100 has fallen by over 5 per cent this week amid continued concerns over Greece and Spain.
FTSE blog: FTSE continues to fall
FTSE 100 continues to fall on Friday.
Hearthstone receives approval for Paif launch
Hearthstone Investments has received FSA approval to launch its UK residential property authorised investment fund.
Neptune hires Pogmore as intermediary sales manager
Neptune Investment Management has hired Nick Pogmore as intermediary sales manager for the south-east.
FTSE blog: Markets record further losses
European markets continued to fall this week as concerns about Greece remain high on the agenda.
RSM Tenon suspends tax service offering
RSM suspends products through new arm on the back of anti-avoidance rules announced in the 2012 Budget.
Architas simplifies fund range names
FTSE blog: European markets continue sell-off
European markets continued to tumble on Wednesday extending the week's losses following the failed coalition talks in Greece.
UK unemployment falls by 45,000
UK unemployment fell by 45,000 in the three months to March to stand at 2.63 million , according to the ONS.
Swip appoints head of marketing
Scottish Widows Investment Partnership has appointed Ian Marsh as head of marketing.
UK unemployment falls by 45,000
UK unemployment fell by 45,000 in the three months to March to stand at 2.63 million , according to the ONS.
Tulloch stepping down as First State joint managing partner
Fund manager Angus Tulloch is stepping down from the role to focus of fund management responsibilities.
Tributes for Saunders as he steps down as IMA chief
Leading investment experts have paid tribute to IMA chief exec Richard Saunders who is leaving his role at the end of 2012.
FTSE blog: Markets record further losses despite early promise
FTSE 100 is now down despite rising in early trades.
Neptune appoints M&G's Larkin as head of strategic partners
Neptune appoints Andy Larkin as the firm completes restructure of its UK retail sales team.
FTSE blog: Markets tumble on latest Greek concerns
The FTSE 100 falls by over 2%.
Cofunds signs platform deal with Ashcourt Rowan
Ashcourt Rowan has appointed Cofunds to power its adviser platform proposition.
Architas renames fund range to boost transparency ahead of RDR
Architas renames fund range to boost transparency ahead of RDR
Architas has renamed its active and passive funds in a bid to offer more transparent products.
JPM set to probe $2bn loss
Firm is investigating whether London-based traders hid the extent of losses from credit derivatives positions.
RBS chief says customers will pay ringfencing costs
Sir Philip Hampton has warned that expensive plans to ringfence its retail operations from its investment banking arm could see costs passed on to customers.
Ticketus lodge £27m legal claim against Rangers owner Craig Whyte
Ticketus has launched a legal claim against Craig Whyte over £27m owed to it by Glasgow Rangers Football Club.
Ticketus set to lodge £27m legal claim against Rangers owner Craig Whyte
Ticketus is set to launch a legal claim against the Glasgow Rangers Football Club owner Craig Whyte for £27m, according to BBC Scotland.
JPMorgan shares fall after $2bn trading loss
Shares dive after trader amasses position which hedge funds are now betting against.
L&G appoints Nigel Wilson as chief exec
L&G has appointed Nigel Wilson as group chief executive, replacing Tim Breedon.
Aberdeen's McKenzie moves to JPMAM in push for fixed income
AIC to replace TERs with ongoing charging data
Isas are latest victim of economic woe as sales take a 49% hit
Seven up for fixed-income fund business
Three R's top King's list for new bank regulation
IFAs most trusted source of advice for UK millionaires
A study of UK millionaires has found that IFAs are the most trusted source of third party advice to help them meet their financial goals.
F&C reports £1.7bn jump in assets
F&C has reported a £1.7bn jump in assets under management in first quarter of 2012.
MPs demand probe into BoE failings
MPs yesterday called for an investigation into the Bank of England's role in the financial crisis of 2007 and 2008.
Dampier hits out at active manager talent pool
Mark Dampier says there are not enough good active managers as Wealth 150 list falls to record low.
Aviva loses shareholder vote on executive pay
Aviva has lost a vote on executive pay at its annual general meeting.
Mervyn King admits BoE failings and calls for reforms
King said BoE should of been shouting from the rooftops about its concerns.
Big managers to stay as complementary fit means little overlap
Martin and Findley step down at RSM Tenon
Omam plans investment arms merger
Recession, what recession?
Schroders takes 25% stake in Indian firm
Henderson sees £2.4bn jump in assets
Henderson Group has reported a £2.4bn jump in assets under management in the first quarter of 2012.
Hargreaves Lansdown founders slip down Sunday Times Rich List
Peter Hargreaves and Stephen Lansdown both lose £200m in the past 12 months.
RSM Tenon chairman steps down after three months
RSM Tenon chairman Adrian Martin and non-executive director Michael Findlay are both stepping down from the board after only three months.
Conservative MP calls on SFO to investigate Arch cru
Conservative MP David Davis has written to the Serious Fraud Office in a bid to get them to investigate the suspension of the Arch cru fund range.
NBNK targets Middle East backing for Lloyds bid
NBNK is looking to get backing from a number of sovereign wealth funds in the Middle East as it continues with its bid to acquire 632 Lloyds branches.
Ticketus pulls out of Blue Knights bid for Rangers
Ticketus has pulled out of discussions with the Blue Knight's Consortium over a deal to buy Glasgow Rangers Football Club.
L&G to introduce 100% Sipp clawback for four years
Legal & General is introducing a 100 per cent clawback across its Sipp range if a member disinvests in the first four years.
Old Mutual Asset Managers and Skandia Investment Group to merge
Old Mutual has announced plans to merge its two investment arms Old Mutual Asset Managers and Skandia Investment Group.
Day of action FSCS campaign receives over 1,400 signatures
Informed Choice's day of action campaign for a fairer Financial Services Compensation Scheme received 1,421 signatures yesterday.
Sentance warns that inflationary pressure will force rise in rates
UK economy back in recession
The UK is back in recession after the economy shrank by 0.2 per cent in the first quarter of 2012, according to figures from the ONS.
ASA upholds complaint over misleading stamp investment ad
ASA upholds misleading claim that stamp returns have been "strong and steady" in the past 100 years.
BNY Mellon appoints global head of distribution
BNY Mellon has appointed PeterPaul Pardi as global head of distribution for its investment management business.
European markets close down amid investor anxiety
The FTSE 100 has fallen by 1.9 per cent today as markets react badly to the first round of the French election battle and poor China data.
Aviva Investors accidentally fires 1,300 employees
Aviva Investors accidentally fired 1,300 people via email on Friday before being forced to retract the message.
Andrew Sentance: Interest rates may be set to rise
Former MPC policymaker believes the continued growth in the UK economy may force the BoE to look at raising interest rates in the near future.
FSA loses supervision case against UBS UK wealth chief
FSA loses landmark case against UBS UK wealth management chief John Pottage.
Merchant House shares suspended
The board of Merchant House Group has requested the temporary suspension of its shares from trading on AlM.
MPC's Posen defends QE call
Adam Posen says the bank was right to introduce £325bn into UK economy.
Stoakley says RDR will not boost investment trusts
Schroders head of UK intermediary Robin Stoakley says the RDR will not increase the take-up of investment trusts in the retail sector.
Consumer groups join forces to tackle dodgy CMCs
MoneySavingsExpert.com and Which? join forces to tackle dodgy CMCs
Hargreaves Lansdown assets jump 11% to £26bn
Hargreaves Lansdown has seen its assets under administration jump 11 per cent in the first quarter of 2012 to stand at £26bn.
UK unemployment falls by 35,000
UK unemployment has fallen by 35,000 to stand at 2.65m, according to figures from the Office for National Statistics.
UK unemployment falls by 35,000
UK unemployment has fallen by 35,000 to stand at 2.65m, according to figures from the Office for National Statistics.
Allianz Global Investors to launch RDR-ready multi-asset funds
Allianz Global Investors is to launch a series of risk-rated, multi-asset funds.
MPs call on Govt to look into effect of QE on savers
TSC calls on the Government to compensate pensioners who have lost out due to QE.
UK inflation rises to 3.5%
The UK consumer prices index has risen to 3.5 per cent in March, according to the Office for National Statistics.
Co-op board to meet amid Lloyds deal concerns
The Co-operative Group is set to hold a crunch meeting this week amid concerns it may pull out of its £1.5bn deal for 632 Lloyds branches.
S&P affirms UK's AAA rating
Ratings agency S&P has reaffirmed its AAA rating for the UK, claiming the economy is "wealthy, open and diversified".
Bill Mott: We are in the biggest financial experiment in history
PSigma income manager Bill Mott says the global economy is walking a tightrope and that the current plan of action could result in a black swan event
PSigma chief Chimes looks to bolster range
PSigma Asset Management managing director Ian Chimes says he would like to launch three or four more funds in the next three years.
Advisers see late surge in Isa sales
Investment advisers reported resilient Isa sales in the weeks before the end of the tax year deadline last Thursday.
IMF: UK faces £750bn pensions time bomb
IMF says rising life expectancy rates could add £750bn of extra cost to UK national debt by 2050.
European markets bounce back after heavy falls
Markets bounce back following yesterday's losses.
FTSE opens flat despite Asian falls
European markets have been steady in early trades despite overnight losses in Asia.
AIC welcomes Treasury rethink on VCT limit
Lester and Neptune duo to set up fund boutique
FTSE 100 down over 2% at close
European markets have recorded heavy losses on Tuesday after below-par US jobs data.
FTSE 100 slides on US jobs data
FTSE 100 falls by 1.5 per cent.
Debt Management Office warns more QE could hit UK recovery
DMO head says another round of QE could harm UK recovery by pushing up the cost of Government borrowing.
M&G topples Invesco as biggest fund firm
M&G Investments has knocked Invesco Perpetual off the top spot as the UK's biggest fund firm after more than four years.
£542M flows into booming bond sectors
LTRO lifts sector
Neptune trio depart amid UK retail sales restructure
Neptune head of strategic partnerships John Lester and two of his team are leaving the firm to set up their own investment boutique.
Capita to buy Bluefin Corporate Consulting
Axa has agreed to sell Bluefin Corporate Consulting to Capita for £50m.
Bill Mott makes interest rate rise call
PSigma income fund manager Bill Mott says the BoE should raise interest rates when inflation falls below 2 per cent.
JP Morgan Cazenove capital markets chair resigns after FSA fine
Ian Hannam quits after £450,000 fine for market abuse.
Standard Life quits tracker market and passes funds to Vanguard
Standard Life has quit the tracker market and is passing on the management of 15 funds to Vanguard Asset Management.
Co-op still preferred bidder for 632 Lloyds branches
Co-op remains the preferred bidder for Lloyds branches despite regulatory concerns, according to reports.
Co-op still 'preferred bidder' for 632 Lloyds branches
Co-op remains the preferred bidder for Lloyds branches despite regulatory concerns, according to reports.
BlackRock international retail head joins Jupiter
Jupiter has hired BlackRock head of international retail Maarten Slendebroek as distribution and strategy director.
Bond sectors dominate sales, IMA stats
Over £500m invested into the top three bond sectors with corporate bonds the bestseller.
Liontrust assets under management jump 15%
Liontrust has reported a 15 per cent increase in assets under management in the past 12 months.
Phoenix chairman Sandler to retire
Ministry of Justice launches investigation into PPI claims
MoJ launches investigation following a wave of invalid compensation claims.
Ministry of Justice launches investigation into PPI claims
MoJ launches investigation following a wave of invalid compensation claims.
Aegon head of corporate media to leave
Aegon head of corporate media Lesley McPherson is leaving the firm after 12 years.
Shaughnessy quits Fidelity to become Zurich chief
Shaughnessy to become Zurich CEO UK life
NBNK set to make second bid for Lloyds branches
NBNK is set to launch a second bid for Lloyds Banking Group's 632 branches should the Co-operative Group fail in its own bid for the business.
Phoenix chairman Ron Sandler set to retire
Phoenix Group chairman Ron Sandler is leaving the closed life assurance fund company later this year after announcing plans to retire.
NBNK set to make second bid for Lloyds branches
NBNK is set to launch a second bid for Lloyds Banking Group's 632 branches should the Co-operative Group fail in its own bid for the business.
Govt appeal over feed-in-tariffs fails
Govt fails to get permission to appeal to Supreme Court.
Judge denies Ticketus request over Glasgow Rangers
A judge has declined to give Ticketus preferential treatment as creditors of Rangers Football Club.
Novia refutes Cofunds claim that FSA move will delay re-reg
Novia chief has rubbished Cofunds' claims that the FSA's stance on legacy assets could delay platform-to-platform re-registration systems ahead of the RDR.
EEA outlines plans to restructure life settlement fund
EEA fund management has sent a letter to investors highlighting three potential restructuring plans for its life settlement fund.
UK inflation falls to 3.4%
The UK consumer prices index has fallen to 3.4 per cent in February, according to the ONS.
Pimco warns of "second Greece" in Portugal
Investment manager Pimco has warned that Europe could face a "second Greece" in Portugal as it continues to struggle with the debt crisis.
Capita leads chase to buy Bluefin
Capita has emerged as the favourite to buy Bluefin Advisory Services, according to the Sunday Times.
Fitch puts UK's AAA credit rating on "negative outlook"
Fitch has become the second rating agency to put the UK's AAA rating on "negative outlook".
MAM Funds to launch non-trail share class in RDR move
MAM Funds is launching a new non-trail share class across its fund range in preparation for the RDR.
UK unemployment levels rise slightly
UK unemployment has risen by 28,000 to stand at 2.67m, according to figures from the Office for National Statistics.
L&G hikes dividends 35% and invests in RDR-ready platform model
L&G has raised dividend as operating profits rise by 5%.
Osborne set to slash corporation tax to 20%
Chancellor George Osborne is poised to cut UK corporation tax to 20%.
Businesses call for 50p tax rate to be shelved
Stanford found guilty in $7bn Ponzi scheme
Allen Stanford has been found guilty of running a $7bn Ponzi scheme.
Cable calls for RBS to be split up
Business Secretary Vince Cable has called for Royal Bank of Scotland to be split up to create a new "British business bank".
Two men found guilty in £115m UK Ponzi fraud
Two men have been found guilty of a £115m Ponzi fraud scheme, according to the BBC.
Nutt steps down from £250m Jupiter distribution fund
Jupiter fund managers Tony Nutt and John Hamilton are stepping down as co-managers of the £250m Jupiter distribution fund.
WHEB Group appoints former Henderson SRI team
WHEB Group has appointed the former Henderson sustainable and responsible investment team in a bid to bolster its presence in the market.
Business leaders call for 50p tax rate to be scrapped
More than 500 business leaders have called on Chancellor George Osborne to scrap the 50p top rate of tax in next month's Budget.
Barclays investment and PPI complaints soar
Pru threat to quit London over Solvency II
Geffen fires warning to Prudential over Hong Kong move
Neptune founder says move raises concerns over Prudential's "financial health".
RSM Tenon to cut 10% of jobs in bid to reduce costs
Firm plans to make an annual saving of £14m.
Henderson pre-tax profits jump 58%
Henderson Group has reported underlying pre-tax profits of £159.2m in for 2011.
HSBC to claw back bonuses for misselling
HSBC is set to strip executives of thousands of pounds in bonuses for misselling almost £300m of long-term care bonds to elderly customers.
Prudential may move headquarters to Hong Kong
Prudential is looking at plans to switch its main headquarters from London to Hong Kong in response to regulatory burdens from Solvency II.
Lloyds posts £3.5bn loss after PPI hit
Bank posts big loss after setting £3.2bn aside to cover missold PPI.
OFT chief executive John Fingleton resigns
The Office of Fair Trading chief executive John Fingleton is leaving the firm after seven years.
Capita takes £17.9m hit over Arch cru
Capita has taken a £17.9m hit in costs in its 2011 results following the collapse of the Arch cru fund range.
Ex-Matrix chief Merry becomes RSM Tenon CEO
Barclays investment complaints jump 77% in 2011
Barclays has reported a 77 per cent rise in investment complaints made about the firm to the FSA in 2011.
AWD and SJP caught up in Octopus EIS/Rangers saga
Both adviser firms have clients invested in the troubled Octopus protected EIS which is caught up in the Glasgow Rangers administration.
Ford wants Keydata probe ban over email breach
Ford wants Keydata probe ban over email breach
Keydata founder wants anyone from the FSA who saw protected emails taken off the case.
SJP appoints former Sunday Telegraph editor as non-exec
Baroness Patience Wheatcroft to join as a non-executive director.
Ticketus money used by Whyte to takeover Glasgow Rangers
£18m of the assets in the Octopus protected EIS has been accounted for and was used to pay off Rangers' debt to Lloyds Banking Group.
Morningstar promotes Romer-Lee to MD of Euro business
Morningstar has appointed Richard Romer-Lee as managing director for the firms' European investment consulting business.
Kames Capital calls for clarity over Dilnot report
Kames Capital has called for greater transparency from the Dilnot report, claiming it has left many questions unanswered.
FSA refers Catalyst Investment Group to enforcement
FTSE rises on Greece and China news
FTSE 100 rises amid hopes for a new bailout for Greece.
Lloyds to clawback senior exec bonuses over PPI mis-selling
Former Lloyds chief executive Eric Daniels will lose at least £360,000 of his 2010 bonus, while four other directors are each set to lose £250,000.
FSA refers life settlements distribution agent to enforcement
The FSA has referred London-based Catalyst Investment Group to its enforcement and financial crime division.
Balls calls on Osborne to make Budget tax cuts
Ed Balls has called on Chancellor George Osborne to cut taxes in next month's Budget statement in a bid to stave off a 1930's style depression.
Lloyds to clawback senior exec bonuses over PPI misselling
Former Lloyds chief executive Eric Daniels will lose at least £360,000 of his 2010 bonus, while four other directors are each set to lose £250,000.
Octopus embroiled in Glasgow Rangers admin saga
Octopus Investments caught up in Glasgow Rangers admin woes
Ticketing firm owned by Octopus Investments has been caught up in the Rangers FC administration saga.
Arrest made in FSA and SOCA insider dealing investigation
A man has been arrested as part of an ongoing investigation into insider dealing.
Moody's cautions on possible ratings cuts for 17 banks
Moody's warns it may cut 17 banks' ratings
Moody's has warned it may cut the credit ratings of 17 banks and financial services companies.
De Blonay bolsters special sits in Financial Opportunities fund
Jupiter's de Blonay makes bank buys in special sits move
Jupiter fund manager Guy de Blonay has invested in a raft of European banking stocks across his £500m financial opportunities fund
UK unemployment reaches 2.67m
UK unemployment rose by 48,000 to 2.67 million in the three months to December.
RSM Tenon appoints former Matrix CEO as chief exec
RSM Tenon has appointed former Matrix CEO Chris Merry as its chief executive officer.
Henderson to merge away 12 funds
Henderson has announced plans to merge away 12 funds as it continues to rationalise its range following the acquisition of both New Star and Gartmore.
UK inflation falls to 3.6%
The UK consumer prices index has fallen to 3.6% per cent in January, according to the Office for National Statistics.
UK inflation falls to 3.6%
The UK consumer prices index has fallen to 3.6% per cent in January, according to the Office for National Statistics.
FTSE rises on Greece austerity vote
The FTSE 100 has risen in early trades on the back of the decision by Greek MP's to pass a new austerity package.
Greece passes controversial austerity package
Austerity package passed as rioting erupts across the country.
Aberdeen caps inflows into popular EM portfolio
Liontrust is adding two new funds as assets leap
UK heading for a technical recession
Aberdeen to soft-close £2.7bn emerging markets fund
Aberdeen Asset Management is stemming flows into £9bn emerging markets fund range by asking IFAs to remove the funds from their buylists.
UK to enter recession in 2012, warns Niesr
The UK is set to enter recession in the first half of 2012, the National Institute of Economic and Social Research has warned.
UK to enter recession in 2012, warns Niesr
The UK is set to enter recession in the first half of 2012, the National Institute of Economic and Social Research has warned.
Calls for Ex-Lloyds chairman to be stripped of knighthood
A Lloyds investor group has asked the head of the civil service to strip former Lloyds chairman Sir Victor Blank of his knighthood.
Government takes appeal to Supreme Court after solar feed-in tariff defeat
Liontrust prepares dual fund launch as assets jump 14%
Firm to launch European absolute alpha and Asian income funds in Q1.
Alan Miller: £18bn of "hidden" dealing costs each year
SCM Private launches new code of conduct after research from the firm suggest over £18bn a year in hidden costs in dealing alone.
Jupiter fund manager Patrick Harrington leaves firm
Jupiter undervalued assets fund manager Patrick Harrington has quit the firm with immediate effect.
European markets fall over eurozone worries
Markets across Europe have fallen today as worries continue to rage over the eurozone's most debt ridden countries.
Fidelity calls for fund transparency amid Ryanair pricing concerns
Fidelity Worldwide Investments has called on the asset management industry to create an industry standard in a bid to offer to greater transparency for fund charges.
Perspective acquires Gateshead-based IFA
Perspective Financial Group announced has acquired Gateshead-based IFA practice, Vivienne Shepherd Limited.
Swip appoints chief economist
Swip has appointed Dr Lucy O'Carroll to the role of chief economist.
RBS boss Hester rejects £1m bonus
RBS chief Stephen Hester to waive £1 million bonus.
US set to tone down Fatca requirements
US to rethink Fatca rules amid concerns over privacy laws.
RBS boss Hester rejects £1m bonus
RBS chief Stephen Hester to waive £1 million bonus.
JPMorgan: We considered quitting troubled eurozone
JPM chief says the firm considered quitting Ireland, Italy, Portugal, Greece and Spain.
Hester bonus to be less than £1m, say reports
RBS chief executive Stephen Hester is set receive an annual bonus of between £800,000 and £950,000, say reports.
Govt to make second appeal to overturn High Court solar ruling
Huhne says the Government is to looking to appeal to the Supreme Court.
Ex-Lloyds chief Daniels joins advisory firm
Daniels joins firm which specialises in restructuring debt for companies in need of new financing.
Invesco targeting capital securities with global fund
Government loses appeal to overturn High Court solar ruling
The Government has lost its appeal against a High Court ruling that its decision to lower solar feed-in tariff payments was illegal.
King: Taxpayer-backed firms must offer fair bonus structure
BoE governor calls for fair decisions on bonuses.
King: UK recovery will be arduous, long and uneven
King said there was scope for more QE if needed.
IMF downgrades global growth forecast for 2012
The IMF has warned that the global economy is "deeply in the danger zone" because of risks from the eurozone.
European markets fall amid concern over Greece debt talks
European stock markets have fallen today as talks between Greece and its private bondholders stall.
IMF chief calls for larger eurozone bail-out fund
Lagarde says extension is needed to prevent the likes of Spain and Italy going into default.
Bonham Carter: Industry must get back to basics
Jupiter chief says large cap, dividend paying equities are the key to success in the current deleveraging cycle.
RSM Tenon chairman and chief exec step down
Bob Morton steps down as chairman and Andy Raynor as chief executive.
Money Advice Service chiefs share £100k bonus pot
MAS chief Tony Hobman and four senior managers shared a £100,000 bonus pot.
Finance manager has £5m confiscated over Friends Prov fraud
A fraudster has had almost £5m confiscated from him after exploiting Friends Provident between 2005 and 2009.
St. James's Place says 80% of partners now RDR-ready
Firm says 80 per cent of its members are now at diploma level status.
UK unemployment rises to 2.68m
UK unemployment rose by 118,000 in the three months to November 2011 to stand at 2.68m, according to the ONS.
Mervyn King rejects MPs' call for supervisory board
King says instead of reforming Bank's court, a new in-house oversight committee should be set up.
FTSE jumps in early trades
The FTSE has risen by more than 1 per cent in early trades.
UK inflation falls to 4.2%
The UK consumer prices index has fallen to 4.2% in December, according to the Office for National Statistics.
UK inflation falls to 4.2%
The UK consumer prices index has fallen to 4.2% in December, according to the Office for National Statistics.
FTSE live: Markets make late gains
European markets turn positive in late trading.
Nucleus hires managing director
Nucleus has bolstered its senior management team with the appointment of John McNeil as managing director.
Arch Financial faces £150m legal action over cru funds
The board of 18 Guernsey-listed investment vehicles is suing Arch Financial for £150m over the failing of the £400m Arch cru fund range.
Looking on the cheap side
RBS to cut 3,500 jobs
Royal Bank of Scotland is to cut around 3,500 jobs as it sells and shrinks parts of its investment bank.
Schroders adds to multi-asset team
Schroders has appointed Ian Maybury as head of solutions in the multi-asset and portfolio solutions group.
KPMG defends its role as MF Global administrator
MF Global administrator KPMG has defended its role in recovering assets for creditors and clients in the failed broker.
Standard Life strikes deal to take GARS fund to the US
SLI has teamed up with John Hancock Mutual Funds to offers GARS fund to the US retail market.
FTSE 100 rises in early trades
The FTSE 100 has risen by more than 1% in early trades in reaction to the better-than-expected start to the U.S. corporate earnings season.
KPMG faces criticism over 'slow' MF Global wind-down
KPMG set for backlash over slow progress in recovering MF Global cash and assets.
Coalition to tackle excessive boardroom pay
The coalition is looking at allowing shareholders a right to veto share packages and deals.
RBS restructure plan puts 10,000 jobs under threat
Royal Bank of Scotland is looking to sell of its investment banking arm as part of a restructuring plan that could see up to 10,000 jobs cut from the firm.
FTSE kicks-off 2012 with 2% rise
FTSE 100 jumps 2.2 per cent to stand at almost 5,700.
Government to appeal High Court solar ruling
The Government has decided to appeal against a High Court ruling which said its solar feed-in tariff payments were illegal.
M&G appoints deputy manager on EM and Asian funds
M&G has appointed Colm D'Olier as deputy manager on two funds.
60% of absolute return funds lose money in 2011
Only 25 out of 65 funds produced a positive return in 2011.
US investors to sue Lloyds
US shareholders in Lloyds are launching a lawsuit against the bank demanding compensation for its takeover over HBOS.
US investors to sue Lloyds
US shareholders in Lloyds are launching a lawsuit against the bank demanding compensation for its takeover over HBOS.
High Court rejects first Arch cru judicial review bid
Justice for Financial Services is now planning an oral request at the Royal Courts of Justice.
Gilt funds dominate top-performers in 2011
UK gilt funds dominated the top performance charts in 2011, according to figures from Morningstar.
Euro hits 10-year low versus the yen
Euro falls to lows as concerns grow on Italian debt.
ABI and banks set for talks over "out of control" bonuses
The ABI is set to hold a number of face-to-face talks with bank chief executives over payouts in the new year.
US regulator fines Barclays £1.9m for sub-prime failure
Fine relates to the misrepresentation of sub-prime securitisations.
Fitch - US could lose AAA rating by 2013
Ratings agency says US rating is under threat if politicians do not tackle growing debt problem.
Phoenix Group finance director quits
Phoenix Group finance director Jonathan Yates is leaving the firm to join Guardian Financial Services as chief executive.
Moody's warns UK faces "formidable and rising challenges"
Ratings agency says that the UK is only partially cushioned from the crisis.
ABI launches new OMO code of conduct
New draft proposals designed to encourage more shopping around at retirement for an annuity.
HMRC slammed by MPs over £25bn tax escape
A committee on MPs has accused the HM Revenue & Customs of offering 'cosy' deals with big businesses to settle their tax bills.
Government set to approve banking split
The Government is set to approve the Vickers' report.
Northern Rock sale to be investigated by NAO
The £747m sale of Northern Rock to Virgin Money is to be investigated by the National Audit Office.
IMF chief: Leaders must stop global depression
Christine Lagarde has warned that no country is safe from the growing economic concerns.
Wagstaff quits SIG for Henderson
Phil Wagstaff has quit his role as SIG investment chief after only two weeks to join Henderson Global Investors.
Goodwin may face criminal charges over RBS accountancy failings
RBS directors may face criminal charges over failing to adhere to the UK Companies Act.
UK unemployment increases to 2.64m
UK unemployment rose by 128,000 between August and October to 2.64 million.
Goodwin may face criminal charges over RBS accountancy failings
RBS directors may face criminal charges over failing to adhere to the UK Companies Act.
Swip launches European high yield bond fund
Steve Logan and Lesley O'Neill will manage the 75-stock portfolio.
Zemek hands Axa IM sterling bond fund to Hayes
Theo Zemek passes management of the £130m fund to Nick Hayes.
UK inflation falls to 4.8%
The UK consumer prices index has fallen to 4.8% in November.
UK inflation falls to 4.8%
The UK consumer prices index has fallen to 4.8% in November.
Moody's: EU still lacks decisive policy measures
Moody's says EU remains prone to further shocks.
Warning to BoE that more QE may fail
BIS says quantitative easing will have a limited effect.
FSA admits RBS failings and calls for tougher penalties for bankers
FSA says it supervisory approach "provided insufficient challenges to RBS".
German stock-exchange says FTT must not hit private investors
Boerse Stuttgart says the tax would disadvantage Germany and wider Europe.
FTSE rises in early trades
FTSE 100 is up more than 1.5 per cent.
ECB chief: Eurozone needs closer fiscal ties to solve crisis
Draghi said binding governments to strong rules on public finances was the important element to restoring confidence in markets.
AS 2011: Seed scheme has limited appeal for mass market
Advisers say seed enterprise investment schemes designed to boost start-ups will not be of interest to leading EIS providers.
EEA suspends dealing in life settlements fund
Move follows FSA concerns over life settlements.
European markets fall in early trades
Markets fall following yesterday's gains.
AS 2011: Axing £1m VCT ceiling could transform the sector, says AIC
AIC director general Ian Sayers says Chancellor George Osborne's decision to scrap the £1m investing limit for venture capital trusts will provide a boost to the sector.
Markets jump after "QE on steroids" announcement
FTSE is up over 3 per cent
Markets jump after "QE on steroids" announcement
FTSE is up over 3 per cent
IMA adopts ABI model for managed sectors
New names set out for active, balanced and cautious sectors.
AS 2011: AIC welcomes relaxing of VCT rules
AIC says new rules remove the "red tape" from the VCT sector.
AS 2011: Plan A success dependant on eurozone, says F&C's Scott
Ted Scott says Chancellor George Osborne will need the outlook for the eurozone to improve for his current plan to work.
Markets jump on hope of £500bn IMF bailout for Italy
Markets jump on hope of £500bn IMF bailout for Italy.
Rebel shareholders challenge Hargreaves Lansdown director pay deals
Shareholder activist Pirc calls for investors to oppose the pay deals for directors.
Lloyds mulls £6m "golden hello" to solve boardroom crisis
Lloyds wants to cut down RSA finance chief George Culmer's 12-month notice period.
Axa puts Bluefin up for sale
Axa has appointed Fenchurch Advisory Services to assist in the sale of Bluefin Advisory Services.
Nutt: Pendulum swinging towards UK income
Tony Nutt says any bull market in equities must be led by company dividend growth.
European markets make early gains
European markets bounce back after yesterday's falls.
Two arrests made in FSA investigation into unauthorised financial advisers
The FSA has taken action against two individuals suspected of providing financial advice when not authorised to do so.
MPC members divided over inflation risk
Policymakers are divided on whether there may be a need for more QE in the future.
BoE member slams "dishonest" bank lobbying over reform
Robert Jenkins slams banks for their short-termist lobbying tactics.
Lloyds confirms two bidders for branches
Bank is also continuing to work on an IPO as a potential alternative to direct sale.
Lloyds confirms two bidders for branches
Bank is also continuing to work on an IPO as a potential alternative to direct sale.
BoE member slams "dishonest" bank lobbying over reform
Robert Jenkins slams banks for their short-termist lobbying tactics.
FSCS faces interest rate rise on £20bn loan deal
Five arrests made in FSA land banking investigation
Arrests relate to land banking through an unauthorised collective investment scheme.
Ashcourt Rowan set for £8.5m cash injection
New shares in the company will allow the firm to make cost reductions of £5.2m a year.
Unemployment rises to 2.62m
The number of unemployed people has risen by 129,000 in the three months to September.
M&G's Riddell warns of "most worrying day" of the crisis so far
Mike Riddell says France may lose its AAA rating.
EC plans tougher rules for credit rating agencies
EC wants to make them more transparent, accountable and competitive.
Markets down on more eurozone concerns
FTSE falls almost 1 per cent.
UK inflation falls to 5%
UK inflation falls to 5% in October.
Sesame and Henderson team up for investment launch
Sesame Bankhall has teamed up with Henderson Global Investors to launch a new investment arm for its clients.
FTSE blog: 'eurozone to enter recession in 2012'
Markets recover as Italian bond yields drop below danger point.
Nutt: Inflation could hit 8%
Jupiter income manager Tony Nutt believes inflation could reach 8% in the UK by 2015.
Government wants to increase rates on £20bn FSCS loan
Hoban says current terms of £20bn loan are "no longer appropriate".
Government wants to increase rates on £20bn FSCS loan
Hoban says current terms of £20bn loan are "no longer appropriate".
Schroders announces £101.6m pre-tax profits for Q3
Schroders has announced pre-tax profits of £101.6m for the third quarter of 2011.
Markets fall as Italian borrowing costs hit 7%
Markets across Europe have fallen this morning as concerns around Italy continue to grow.
Phoenix appoints managing director of fund services
Phoenix Fund Services has appointed Tony Reed as managing director.
CBI cuts UK growth forecast
CBI expects the UK to narrowly avoid recession.
IMF chief Lagarde: Global economy at risk of 'lost decade'
The head of the IMF Christine Lagarde has warned that the global economy may be facing a "lost decade".
Markets regain majority of losses despite Italy concerns
Markets regain most of their losses in early trades.
Markets fall as concerns are raised over Italy
Markets across Europe have fallen in early trades as fears grow about political uncertainty in Italy.
RBS announces £2bn pre-tax profits for Q3
Royal Bank of Scotland has reported pre-tax profits of £2bn in the three months to September 30.
RBS announces £2bn pre-tax profits for Q3
Royal Bank of Scotland has reported pre-tax profits of £2bn in the three months to September 30.
JP Morgan mulls specialist natural resources funds
JP Morgan head of UK retail sales Jasper Berens says the firm may look at introducing a number of specialist products in th natural resources sector.
Steer to raise UK growth fund holdings in overseas earners
Artemis fund manager Tim Steer expects to raise exposure to 75 per cent.
Gregson taking over JP Morgan flagship fund
Henderson quits global currency
Lloyds chief Horta-Osorio steps back on health grounds
Outgoing finance director Tim Tookey takes on the role of acting chief executive.
Lloyds chief Horta-Osorio steps back on health grounds
Outgoing finance director Tim Tookey takes on the role of acting chief executive.
MF Global broke customer cash rules
Stockbroker MF Global broke rules requiring it to safeguarding client's money, the firm's regulator has claimed.
Credit Suisse cuts another 1,500 jobs
Job cuts are on top of the 2,000 made in July.
UK GDP grows by 0.5% in Q3
The UK economy grew by 0.5% in the three months to the end of September.
FTSE blog: FTSE down 2% at close
Markets fall following Greece referendum announcement.
FTSE blog: Markets down at close
Markets down despite early confidence.
Stockbroker MF Global UK enters special administration regime
Stockbroker MF Global UK is the first company to enter a special administration regime.
FTSE down almost 3 per cent at close
The FTSE 100 has fallen almost 3 per cent at close to stand at 5,544.22
Bramdean confirms D2C platform launch
Bees and Honey to launch by the middle of next year.
Threadneedle appoints Neil Robson to global equities team
Robson joins from Martin Currie Investment Management.
FTSE blog: FTSE falls by 0.2%
FTSE falls after early gains.
Capita makes individual offers to Arch cru investors
Investors have until December 2012 to accept the offer with payment made within six weeks of receipt by CFM.
Cameron: London under constant attack from EU regulations
Cameron has slammed European Union regulators after claiming that the City of London is "under constant attack" from Brussels directives.
Henderson closes currency arm
Henderson is closing its global currency offering.
Ian Henderson to step down from JPM natural resources fund
Henderson to step down from day-to-day fund management from January 2012.
Vince Cable fined for failing to pay VAT
Cable fined £500 for failing to pay up to £25,000.
Kames Capital poaches multi-manager property team from ING REIM
Kames Capital appoints property trio from ING REIM UK.
King warns QE will not guarantee rise in bank lending
Bank of England governor says latest round of QE will not guarantee a boost in bank lending.
Premier appoints Jacob Robbins to global alpha fund
Premier Asset Management has appointed Jacob Robbins as lead manager of the Premier global alpha growth fund.
Lloyds considers floating bank branches
Lloyds Banking Group is considering flotation after failing to attracts a strong enough price for branch portfolio.
FTSE passes 5,500
Markets rise on eurozone hopes.
Lloyds considers floating bank branches
Lloyds Banking Group is considering flotation after failing to attracts a strong enough price for branch portfolio.
Markets fall over eurozone division
FTSE 100 falls below 5,400 in early trades.
Cable: UK could slip back into recession
Business Secretary said he could not promise the UK would not enter a double-dip recession.
Business boost for HL
Rating companies turn to Spanish banks to cut grades
Spain and Italy face further ratings downgrades
Moody's downgrades Spanish bonds while S&P cuts credit rating of 24 Italian banks and financial institutions.
Six million set for tax rebate
HMRC says a further 1.2m are set to receive a bill for £600.
King: Time running out to solve global crisis
King said having low interest rates and QE would only "delay and exacerbate the final reckoning for the West".
Post Office guarantees best insurance quotes for IFAs
The Post Office has guaranteed to beat all business renewal quotes for independent financial advisers offices.
Shares fall over France and China worries
The FTSE has dropped below 5,400.
Isa limit set to rise by £600
Isa limit set for £600 boost on the back of inflation figures.
UK inflation rises to 5.2%
The UK consumer prices index has risen to 5.2 per cent in September on the back of hikes in energy prices.
RBS may cut another 5,000 jobs
Royal Bank of Scotland may cut another 5,000 jobs as part of a major restructure of its global investment banking division.
Barings appoints John Burns as COO
Burns replaces the retiring John Misselbrook
FTSE passes 5,500
FTSE passes 5,500 on eurozone hope.
Cofunds appoints Jim Clay as business development manager
Cofunds has appointed Jim Clay as business development manager.
Scot Life repays 17,000 with-profits policyholders
Scottish Life has begun to repay policyholders after admitting it has underpaid them between January 2010 and March 2011.
HMRC targets 6,000 Swiss bank accounts
HMRC is set to write to UK residents and organisations holding Swiss bank accounts with HSBC in Geneva who have yet to report all their income and gains.
Hargreaves Lansdown sees 24% jump in new business in Q1
HL sees assets on its Vantage platform fall 9 per cent due to market volatility.
Direct platform for JPJShare
Ignis economist predicts QE3
Jacques joins Allfunds in expansion role
Seven jailed for £8m boiler room fraud
UK unemployment hits 17-year high
Unemployment hits 2.57 million.
UK unemployment hits 17-year high
Unemployment hits 2.57 million.
Spanish banks downgraded by S&P and Fitch
Standard & Poor's and Fitch have downgraded a raft of Spanish banks, citing a deteriorating outlook for the Spanish economy.
HMRC fines 1.5m taxpayers for late self-assessments
Fines are up 56 per cent in the past five years.
BlackRock corporate bond fund manager quits
BlackRock head of sterling portfolios for fundamental fixed income Paul Shuttleworth has quit the firm after 11 years.
FTSE continues to rally
The FTSE 100 is up almost 2 per cent at close as markets continue to rally.
First State appoints Richard Wastcoat as non-exec
Former Fidelity chief joins the firm as the first non-exec director
Barings appoints head of Latin American equities
Baring Asset Management has appointed Michael Simpson as head of Latin American equities.
SocGen shareholders not told about £127m fraud
French bank Societe Generale did not tell its shareholders that it fell victim to a further £127m fraud.
MPC's Weale: More scope for QE
Monetary Policy Committee member Martin Weale believes there is "quite a lot of scope for more quantitative easing".
Cameron: Time running out for eurozone
David Cameron has warned European leaders that they have only a matter of weeks to avert an economic disaster.
BoE governor fears "worst ever" financial crisis
Meryn King says this may be the worst financial crisis "ever" and also hints that inflation could hit 5% next month.
FTSE blog: FTSE up over 3.5% at close
The FTSE continues to make up losses made earlier this week.
F&C chief exec Alain Grisay to retire
Grisay to step down from the board and as group CEO in May 2012.
Hall picked as head of multi-manager at Schroders
Financial transaction tax is unfair unless stamp duty reserve is scrapped, says AITC
Flows turn against absolute return
Rambourg set for Paris hedge fund launch
Former Gartmore star manager Guillaume Rambourg is poised to launch his own hedge fund venture in Paris.
Allfunds Bank appoints head of sales for UK and Ireland
Allfunds Bank has appointed Laurie Jaques as head of sales development UK & Ireland.
Boiler room fraudsters sentenced to 40 years
Seven men face a total of 40 years imprisonment after £8m bio-diesel investment fraud.
EU ministers look at measures to protect banks
EU ministers are considering a number of bank aid plans amid growing concerns.
Cameron calls for UK safeguards in eurozone talks
Prime Minister David Cameron has said that UK interests must be protected if eurozone countries begin to seek closer integration on the back of the European debt crisis.
Swip appoints James Carver as investment director
Scottish Widows Investment Partnership has appointed James Carver to the role of investment director for absolute return bond funds.
JO Hambro launches two Asia funds
JO Hambro Capital Management launches two Asia funds.
FTSE blog: FTSE closes up 2.89%
Markets continue to jump on eurozone deal.
FTSE blog: FTSE down over 2.5 per cent at close
European markets fall sharply as Greek concerns remain rife.
FTSE blog: FTSE makes small gains as EU leaders gather in Brussels
FTSE up 0.5 per cent.
FTSE blog: FTSE up 3% at close
The FTSE 100 has rallied alongside other European markets.
Cofunds appoints Paul Miller as risk and compliance director
Cofunds has appointed Paul Miller as risk & compliance director, subject to FSA approval.
German parliament approves extension of EU bailout fund
The German parliament has approved an extension of the EU's main bailout fund.
Treasury and FSA set to clash over Northern Rock bid
The Treasury and the FSA are ready to clash over a proposal to allow bidders for Northern Rock's "good" bank to take about £500m out of the lender.
Treasury and FSA set to clash over Northern Rock bid
The Treasury and the FSA are ready to clash over a proposal to allow bidders for Northern Rock's "good" bank to take about £500m out of the lender.
Arch cru £54m compensation deal could face judicial review
Breedon will retire from L&G next year
Dan Roberts quits Eden Financial for Fidelity
Dan Roberts has quit Eden Financial after two months to join Fidelity.
New European transaction tax could hit investors hard
IMA warns that new European Commission proposals could see pension and Ucits investors being taxed more than once.
FTSE 100 rises following early losses
FTSE 100 is up 1 per cent despite falling beneath 5,000 in early trades.
High tension
FTSE 100 closes up for the day after regaining early losses
The FTSE 100 has regained some of its losses after falling below 5,000 earlier today.
FTSE 100 slumps 4.64% at close as US markets continue to fall
Stock markets react to US Federal Reserve plans to stimulate struggling economy.
L&G chief executive Tim Breedon to retire
Legal and General chief executive Tim Breedon is to retire from the firm at the end of next year.
UBS trader charged with £1.3bn fraud
The UBS trader who is alledged to have lost £1.3bn through unauthorised trading has been charged with fraud.
Dennehy issues strategic bond warning
Dennehy Weller managing director Brian Dennehy has warned investors to steer clear of strategic bond funds with large high-yield bond exposure.
UBS trader makes £1.3bn loss on unauthorised trade
Swiss bank UBS says it has discovered an unauthorised trade could result in a £1.3bn loss.
Overseas funds soar as onshore slumps
Moody's downgrades two French banks
Credit Agricole and Societe Generale were both downgraded due to Greek debt exposure.
UK inflation rises to 4.5 per cent
The UK consumer prices index has risen to 4.5 per cent in August, according to the Office for National Statistics.
Seven men found guilty of £8m investment fraud
Seven men have been convicted at Ipswich Crown Court for their role in an £8m boiler room fraud.
Bank shares hit as FTSE 100 falls over 2%
Leading banks in the UK have seen their share price fall as they face major reorganisation.
First State soft-closing five Asia Pac and global funds
Swift Trade challenges regulator's £8m ruling
Newton plans up to 25% dividend cut on higher income fund
Firm also plans to merge trio of UK funds.
NS&I withdraws popular savings certificates from sale
NS&I withdraws popular savings certificates from sale
NS&I withdraws fixed interest and index linked saving certificates after four months.
Bestinvest appoints head of investment management
Bestinvest has appointed Gareth Lewis as head of investment management.
OMAM hires Kevin Lilley from Royal London
Old Mutual Asset Management has poached Kevin Lilley to manage its £71m European equity fund.
FTSE rises in early trades
The FTSE 100 has risen by almost 1 per cent in early trades.
FTSE 100 falls 3.6 per cent at close
Markets across Europe have fallen sharply today as debt fears have resurfaced across the continent.
Ex-Cofunds chief Brett Williams joins Insynergy
Former Cofunds chief executive Brett Williams joins the investment boutique as non-exec director.
Advisers backing move away from absolute return term
Advisers have welcomed Morningstar's plan to move away from the term "absolute return" by introducing 18 new alternative investment categories.
Multi-managers cut cash and make passive move
Multi-managers are selling out of cash and adding risk through equities and exposure to passives in response to the market volatility.
Hargreaves plans to increase advice proposition as profits leap
Firm plans to grow its fee-based advice service as profits increase 42%.
FTSE blog: FTSE down 1% at close
Blue-chip index briefly fell below 5,000 in early trades.
MetLife moves into Jersey market with two bonds
Arch cru investors to receive payment offer by end of October
Investors to find out entitlement from £54m CF Arch cru investment package by the end of October.
Pru sets out next raft of M&G mergers
Prudential has unveiled the next wave of funds it wants to merge into M&G funds as part of a move to separate its retail and insurance arms.
FSA fines firm £8m for market abuse
FSA fines firm £8m for market abuse
The FSA has fined Swift Trade £8m for market abuse.
Argonaut appoints Edward James as COO
Argonaut Capital Partners has appointed Edward James as its chief operating officer.
Cable hits back over banking reform row
Business Secretary Vince Cable has insisted that banking reforms in the UK must go ahead.
Legg Mason plans US equity income fund
Legg Mason is adding to its UK retail range with the launch of a US equity income fund managed by New York-based ClearBridge Advisors.
FTSE blog: FTSE 100 rises 2%
Banks lead the bounce for the blue chip index.
Markets unchanged following Bernanke speech
Markets have remained flat following Ben Bernanke's decision to hold off on QE3.
Hargreaves Lansdown cuts online share deal charges
MetLife plans move into Jersey
MetLife has appointed Paul Frankland as sales development manager as part of its plans to expand its product range into Jersey.
Ignis profits fall 18 per cent
Ignis Asset Management has seen its operating profits fall 18 per cent in the first half of 2011.
Jupiter slashes cash weightings across £6.8 billion Merlin range
Jupiter slashes cash weightings across £6.8bn Merlin range
Multi-manager team significantly cuts the cash weightings across Merlin range.
S&P's president steps down
Deven Sharma has stepped down less than a month after the firm controversially downgraded its credit rating of the US.
FTSE live: FTSE 100 falls over 5 per cent this week
The FTSE 100 is down over 5 per cent this week at the close of trading.
Van Der Wielen appointed MD of Friends Life International
Former Clerical Medical chief executive John Van Der Wielen hired as managing director.
Gary Potter points to absolute return fears
Thames River co-head of multi-manager Gary Potter has warned investors that now could be a dangerous time to invest in the absolute return sector.
Octopus takes over £40m Brewin Dolphin EIS service
Arch Cru cell firms set for multi-million legal fight
JP Morgan deal will speed cash return to Arch cru clients
Director jailed over £30m 'Ponzi' investment scheme
Vintage Hallmark director Richard Gunter has been jailed for his role in a £30m investment fraud.
No MPC members vote for rate rise
MPC members all agree to keep rates on hold.
Liontrust reports net sales of £13m
Liontrust sees AUMs fall 7.1 per cent since June 30, 2011, due to market volatility.
JP Morgan private equity trust to buy Arch cru assets
JP Morgan private equity Limited has announced a deal to acquire the former Arch cru assets in a deal worth up to £56.5m.
UK inflation rises to 4.4%
UK inflation rises in July to 4.4%.
FTSE Live: FTSE 100 makes early gains
European markets make early gains.
FTSE Live: FTSE 100 closes 3 per cent up
European markets rebound following early losses.
BlackRock wants volatility bands to sort out absolute confusion
BlackRock head of UK retail sales Mark Elliott says the IMA should look to introduce volatility bands for the absolute return sector to improve transparency.
Liontrust targets multi-manager after Occam deal
Liontrust chief executive John Ions says the firm's targets is a multi-manager offering following latest acquisition.
FTSE Live: FTSE 100 up 3 per cent at close
Markets up after a volatile day of trading across Europe.
Investors warned of continued volatility
Advisers have urged caution to investors who may view the market turmoil as a buying opportunity.
Oil and commodities hit as gold soars
FTSE 100 slumps back towards 5,000
FTSE 100 closes just above the 5,000 mark after 3 per cent loss.
FTSE 100 rises following bounce in global markets
FTSE 100 rises in early trades on the back of positive news in the US and Asia.
Castlestone Management to close Ucits funds and liquidate Dublin-based business
Castlestone Management plc has announced it is to close the firm's funds and liquidate the business.
Market turmoil: Industry reaction
Economists and fund managers react to current events.
FTSE 100 closes at lowest level in over a year
Blue-chip index falls by 3.39 per cent.
US equity market dives following downgrade
US equity market falls in early trades following S&P downgrade.
A week of heavy falls for the FTSE 100
Fears over eurozone debt crisis and US economic recovery hammered markets this week.
RBS posts losses following Greek crisis and PPI
Royal Bank of Scotland has reported a half-year pre-tax loss of £678m.
Lloyds reports £3.3bn loss after PPI costs
Lloyds cites PPI provision for first half loss.
Rathbone and Liontrust funds join black list
FSA publicly censures Birmingham-based IFA
The FSA has publicly censured Exclusive Asset Management Limited for systems and controls failings.
Bestinvest slams "embarrassed" execution-only rivals
Bestinvest attacks execution-only peers for refusing to publish the level of payments they receive from fund managers and product providers.
Northern Rock losses halved
Bank expects to begin trading profitably in the second half of 2012.
Hargreaves Lansdown rejects FSA platform paper concerns
Share price falls 9 per cent as firm says changes will have "no material impact on the business".
FSA agrees to sell reporting mechanism to LSE for £15m
The FSA has entered into a conditional agreement to sell its approved reporting mechanism to the London Stock Exchange for £15m.
Should the word guaranteed be banned for structured investments?
Chris Taylor has called for the structured investment industry to stop using the word "guaranteed" in its marketing material.
Schroder bolsters European equities team
Schroders has appointed Nicholette MacDonald-Brown as a fund Manager on its European equities team.
Rathbone and Liontrust income funds join 'blacklist'
Rathbone and Liontrust have both seen their flagship income funds added to the black list of underperformers in Principal Investment Management's latest income study.
FTSE live: FTSE 100 up 1% at close
The FTSE 100 closes just shy of 5,100.
Vote on US debt delayed
A vote on the Republican bill to raise the US debt ceiling and prevent a default was delayed on Thursday.
Credit Suisse to cut 2,000 jobs
Credit Suisse is to cut 2,000 jobs by the end of 2012 in a bid to make cost savings across the business.
S&P downgrades Greece by two notches
Standard & Poor's has downgraded Greece's debt rating from CCC to CC, a move which places the country just two notches above default.
SJP: We have no plans to join Aifa
Firms sees overall profits soar but distribution profits fall as commissions are cut.
Ex-Barclays adviser jailed for £600k fraud
FSA swoops on Castlestone offices
IMA takes up challenge on structured v tracker
Snowden cautious on eurozone periphery
Willis fined £6.9m for lack of crime control
Ponzi suspect extradited from Spain
A suspect in the alleged fraudulent Gilher investment scheme has been charged with conspiracy to defraud.
Rathbones profits jump 30 per cent
Rathbones Brothers has seen its profits jump 30 per cent for the first six months of 2011.
FOS awaits clarity on FSA package for Arch cru
FOS puts complaints on Arch cru range on hold pending more details of the FSA's £54m package.
Cable to call for "rip-off" banks to be broken up
Liberal Democrat business secretary Vince Cable is to warn that the ring-fencing of banks may not go far enough to prevent a future financial meltdown.
GDP rises by 0.2% in second quarter
The UK economy has grown by 0.2 per cent in the second quarter of 2011.
Obama slams Republicans over debt talks
US president Barack Obama has slammed the Republican plan to increase the country's borrowing limit, claiming the impasse could spark a "deep economic crisis".
Snowden stays wary over Europe
Stephen Snowden has said he will remain cautious on peripheral Europe despite credit spreads being the widest they have been in the UK corporate bond market since 2009.
The structured products challenge: Ian Lowes vs IMA
IMA accepts IFA Ian Lowes' structured products vs tracker funds challenge.
EU leaders agree £96bn Greek bail-out
European leaders have agreed a second bail-out for Greece in an attempt to shore up the euro.
FSA fines Willis Limited £6.9m
The FSA has fined Willis Limited £6.895m for failings in its anti-bribery and corruption systems and controls.
Ex-Barclays adviser jailed for £600,000 fraud
James Leonard Finnigan stole from dead, elderly and ill customers.
Bolton's China special sits hit by fraud claims
Cockerill and Stephens to join Rowan Dartington
Court verdict means F&C must make £12m buyout
FSA takes tough line on VCT and EIS marketing
Hargreaves Lansdown axes BlackRock's UK absolute alpha fund from Wealth 100
Man looks to buy residual exposure to Lehman
Junior Isa limit set to jump to £3,600
20 per cent increase to be introduced in November 2011.
Threadneedle appoints head of multi-asset
Threadneedle Investments has appointed Toby Nangle as head of multi-asset.
Eight EU banks fail stress test
No UK banks among the eight.
Bolton's China fund suffered losses after two firms accused of fraud
Fund guru says his team underestimated the risks of investing in China, according to reports.
High Court hedge fund ruling could cost F&C over £12m
A High Court judgment has ruled against F&C over a legal battle with one of its former fund of hedge fund businesses.
Moody's may downgrade US AAA rating
Moody's says it may review its AAA rating of the US.
Distribution chief for Ignis
JPM absolute fund looks for IFA traction
BlackRock UK absolute alpha removed from HL Wealth 150
Hargreaves Lansdown says fund manager Mark Lyttleton's stock selection has deteriorated.
FSA warns on VCT and EIS promotions
The FSA is cracking down on VCTs and EIS that are being marketed primarily on the tax incentives offered and not highlighting the risks involved.
FSA extends scope of RBS investigation
Investigation to include takeover of US bank Charter One in 2004.
IMF: Italy must enforce spending cuts
IMF calls for Italy to ensure "decisive implementation" of spending cuts.
Aegon AM to rebrand as Kames Capital
Aegon Asset Management is to rebrand as Kames Capital.
Nigel Payne leaves Assurant Intermediary
Assurant Intermediary managing director Nigel Payne has left the company following a restructure of the business.
PwC: House prices 'won't recover until 2020'
House prices will not reach their pre-crisis levels until 2020, according to new research from PricewaterhouseCoopers.
Markets fall on eurozone fears
Concerns the crisis could reach Italy and Spain while Euro leaders say Greece may be set to default.
Ignis appoints Polin replacement
Ignis has appointed AllianceBernstein UK CEO and chairman Claude Chene as head of distribution.
15,000 More jobs axed in Lloyds cost-cutting drive
Bank to keep 60% stake in St James's Place
Ex-Gartmore duo joining Eden
Clients to reject Arch cru deal
Law firm Regulatory Legal says almost 500 of its clients have suggested they may reject the FSA's £54m compensation package.
S&P downgrades Greek credit rating
S&P has downgraded the credit rating for Greece, citing concerns that the country will have to restructure its private sector debts.
Eden Financial appoints Dan Roberts and Leigh Himsworth
Firm appoints former Gartmore duo in plan to build its presence in the asset management sector.
Graham Duce
Royal London completes Royal Liver takeover
Royal London has completed its takeover of Royal Liver.
Greek parliament passes second austerity law
The Greek parliament has passed the second austerity law which allows them to secure further support from the IMF.
Swip to close five funds
Scottish Widows Investment Partnership is closing five funds as part of a wider review of its international equities offering.
Lloyds to retain 60 per cent stake in St. James's Place
Lloyds Banking Group has confirmed that it will keep its 60 per cent stake in St James's Place.
Scottish Widows retained as Lloyds cuts another 15,000 jobs
Bank to launch execution-only platform and place bancassurance at the heart of its future strategy.
Banks warned to turn away money-laundering risks or face FSA action
Cable to probe short-termism stance
Schroders sets up third low-cost fund
Smaller banks failing to assess due diligence data
Greek parliament approves austerity package
The Greek parliament has narrowly voted in favour of the £25bn package of austerity measures.
New IMF chief calls on Greece to unite
New IMF chief Christine Lagarde calls on Greek politicians to unite ahead of crucial austerity package vote.
Christine Lagarde appointed as head of the IMF
France's Christine Lagarde is named the first woman head of the International Monetary Fund.
Three people charged over £10m "ponzi" scheme
Three individuals have been charged in connection with an alleged £10m fraudulent investment scheme.
Posen slams BIS over interest rate criticism
MPC committee member Adam Posen has slammed the Bank for International Settlements for its comments over the UK's soft interest rate policy.
LGIM director on extended sick leave
Legal & General Investment Management director and head of global high yield David North has gone on extended sick leave.
Man arrested over unauthorised investment scheme
The FSA and the Dorset Police search two premises in Poole.
Castle Trust appoints Keith Abercromby as CFO
Castle Trust has appointed Keith Abercromby as chief financial officer.
FCA set to increase enforcement action
Replacement for the FSA will increase the level of enforcement on the firms it regulates.
Liontrust looks to GEMs
L&G adds share class to multi-manager range
Legal & General is adding an additional share class to its multi-manager fund range with an increased annual charge but no performance fee.
Schroders to add third low-cost fund to range
Schroders is adding a third low-cost fund in the multi-asset space.
Clegg calls for public to be given bank shares
Deputy Prime Minister Nick Clegg has called for the public to be given shares in both Lloyds and RBS.
£54M redress for Arch cru clients
Liontrust in £1.7m loss due to shake-up
Peter Hicks quits Fidelity
Structured products will fund mortgage
Total return strategies on the rise
FSA refers two banks to enforcement over high-risk customers
The FSA has referred two banks to its enforcement division after spotting a number of serious weaknesses in their systems and controls for managing high-risk customers.
CII recognises IFP certificate in paraplanning
The Chartered Insurance Institute has now recognised the Institute of Financial Planning certificate in paraplanning under its qualifications framework.
Arch cru clients can take FSA deal and still claim on IFAs
Investors who agree to the £54m compensation package will still be able to make a claim against their IFA.
Capita says Arch cru package not "admission of liability"
Capita says £30m provision made in 2009 accounts will cover its contribution to the £54m CF Arch cru compensation package.
FSA announces £54 million package for CF Arch cru investors
The FSA has announced a £54m package for CF Arch cru investors.
Four charged over 'land banking' fraud
Four men have been charged after police investigated four companies that were allegedly involved in 'land banking' fraud.
Peter Hicks to leave Fidelity
Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years.
Banks get extension to deal with backlog
Barclays promises it will repay all PPI complaints in full
D-day for the managed category?
Gledhill redundant in Henderson changes
Henderson merging three Gartmore multi funds into its range
IMA delays new managed sector implementation date
The IMA has pushed back the implementation date for its managed sectors to October 1, 2011.
Unemployment falls to 2.43m
The total number of unemployed falls by 88,000 in the last three months to April.
Liontrust posts £1.7m loss following restructure
Liontrust has announced a pre-tax loss of £1.7m following an extensive restructure within the asset manager.
James Gledhill leaves Henderson
Henderson director of retail, fixed income James Gledhill has been made redundant.
UK inflation stays at 4.5 per cent
UK CPI inflation rate remained unchanged at 4.5 per cent in May.
Deputy governor says Bank of England 'can do a lot better'
BoE deputy governor Paul Tucker says the bank could have done better in regulating the financial system.
M&G to merge two UK equity income funds
M&G is merging its £208m income fund with its £521m dividend fund.
Panorama to lift the lid on bank advice
Bank advice has again been put under the microscope after a BBC Panorama investigation found advisers in high street banks misleading their clients.
FSA and Capita role in Arch cru to be raised in parliament
Conservative MP Alun Cairns to raise concerns in parliament.
Henderson to merge away trio of Gartmore multi-manager funds
Henderson is to merge away a trio of Gartmore multi-manager funds and is re-shuffling the managers across its range.
FSA grants temporary extension for some PPI complaints
The FSA has agreed a temporary extension for Barclays, Lloyds Banking Group and RBS to handle the backlog of payment protection insurance complaints.
Barclays to settle all PPI claims
Barclays has promised to settle all PPI claims made before April 20.
Select platform from Bestinvest offers lower-cost solution
Bestinvest chief executive Peter Hall says the firm's new platform Select fills a gap in the lower-cost platform market.
£26bn of assets in underperforming funds, says Chelsea FS
Almost £26bn of assets now sit in consistently underperforming funds, according to the latest Chelsea Financial Services relegation zone.
MPs call for extra independents on FPC
FPC has only two external members less than one week before its first meeting.
A fifth of workers failing to save for retirement
A fifth of workers are failing to make any provision at all for their retirement, a survey by Scottish Widows has found.
Ed Balls calls for further bank bonuses tax plan
Labour shadow chancellor Ed Balls says his party wants to vote on a new tax on bank bonuses to fund schemes for youth jobs and new homes.
Aviva set to appoint John McFarlane as chairman
Aviva is set to name John McFarlane as its new chairman, according to reports.
Berry AM teams with Novia to launch five model portfolios
Berry Asset Management has teamed with Novia to launch five risk-graded managed model portfolios.
Aberdeen multi funds double up on cash
MPs call on RBS to explain £25bn boost in capital position
MPs say reporting standards being used by RBS may be "distorting" the banks capital position.
Advisers slam IMA's decision on managed sectors
Advisers have slammed the IMA's decision to rename the active, balanced and cautious sectors with letters denoting the degree of manager discretion in the funds.
Bestinvest in acquisition talks with adviser firms
Bestinvest chief executive Peter Hall says his firm is in talks with a number of adviser firms about potential acquisitions.
Kleinworth Benson completes £26.4m acquisition of Close Offshore Group
Kleinwort Benson has completed its purchase of Close Offshore Group for £26.4m.
Blanchflower: Return of banking regulation to the BoE is a mistake
Former Bank of England MPC member David Blanchflower said the return of the powers to the BoE is because the Government wants a "toothless watchdog".
Sentance: Bank of England in danger of losing credibility
Former MPC member has warned that if inflation does not come down in the way the BoE suggests it could impact on its credibility with the UK public.
Paul Myners joins Cevian Capital
Paul Myners joins Cevian Capital as a partner and chairman of its UK operations.
Fidelity says new IMA sector labels are bad news for consumers
Fund house says the new labels are more complex than the existing ones.
Virgin targets 600 Lloyds bank branches
Richard Branson's Virgin Money is set to bid for around 600 of Lloyds bank branches.
Bestinvest platform takes on Hargreaves Lansdown
Bestinvest launches new Select platform
Bestinvest is launching a new wrap platform powered by SEI.
Russell quits Cazenove
Cash fund transfer sees fall in assets for Henderson
Funds up by 20% for SJP
IMA reports best Isa crop in almost a decade as sales figures hit £950m
Schroders' show of strength
PPI claims on banks could hit £10bn
The banks involved in the mis-selling of payment protection insurance could face as much as £10bn in claims.
Jupiter multi-manager says gold could have its own sector
Jupiter multi-manager Peter Lawery says gold could end up becoming its own asset class with its own sector.
Strauss: Aviva wrap will tackle mid market
Aviva is merging its adviser web portal and wrap into a single platform and overhauling its investment proposition with the launch of a number of risk-based solutions.
SJP sees funds under management jump by £1bn
SJP appoints new chairman as assets jump to £28bn.
Schroders reports £103.8m pre-tax profits in Q1
Schroders has announced pre-tax profits of £103.8m in the first quarter of 2011.
BlackRock duo make protection call on UK absolute alpha
BlackRock fund managers Nick Osborne and Mark Lyttleton have taken protection out on half of the net exposure of its £1.9bn UK absolute alpha fund.
Raising the bar
JOHCM introduces 0.5% charge to stem flow into UK equity income fund
JO Hambro Capital Managment has decided to introduce a 0.5% charge for new investments from existing investors in its JOHCM UK equity income fund.
Aviva to launch new integrated £56bn platform
The Aviva Platform will bring legacy assets and wrap together and include protection policies and annuities.
Henderson sees £1.2bn fall in AUM in first quarter
Henderson Group has seen its assets under management fall by £1.2bn in the first quarter of 2011.
F&C adds absolute Gem
Positives from negative
Shah's special values hit by lack of commodities
Standard Life soft-closing £1bn smaller companies fund
Home Office and Treasury battle over financial crime powers
The FSA may still lose its enforcement powers to a new force that will take over from the Serious Organised Crime Agency in 2013.
Barclays pre-tax profits fall 9 per cent
Barclays has announced a 9 per cent fall in pre-tax profits for the first quarter of 2011 and expects to pay £100m towards Government bank levy.
Syndicate Asset Management sells institutional fixed income business
Firm sells institutional fixed income business Epic Asset Management to Hume Capital for £2.1m as part of plans to focus on wealth management.
Hargreaves chief exec Gorham aims to double advisers to 120
Ian Lowes says his structured research undermines IMA study download
Research contrasting tracker funds with capital-at-risk structured products undermines the IMA's recent controversial study into the sector, says Lowes.
Rating agency goes negative on the American outlook
Trade punches
Yorkshire Building Society agrees terms for N&P takeover
Yorkshire Building Society has agreed terms to takeover Norwich & Peterborough Building Society.
Markets plunge after S&P downgrades US debt outlook
Leading markets plunge as S&P downgrades US debt outlook from stable to negative.
Anderson to run JPM corporate bond fund
Ex-Schroders head joins MAM
HSBC GAM offers four Asian ETFs
Snowden in Aegon return
Structural risk
UK unemployment falls to 2.48m
UK unemployment falls by 17,000.
Aegon looks at total return bond offering for Snowden
Stephen Snowden to co-manage two investment grade bond funds with Euan McNeil.
Royal London signs transfer deal for proposed Royal Liver takeover
Royal London has signed a deal that sets out the potential transfer of Royal Liver's asset and liabilities to Royal London.
UK inflation rate falls to 4 per cent in March
The UK CPI annual rate of inflation has fallen to 4 per cent, down from 4.4 per cent in February.
LV= set to sell asset management arm
Four firms in the race for LV= Asset Management, according to reports.
VCTs raise £365m in 2010/11 tax year
VCTs took in a total of £365m in the 2010/11 tax season, according to figures from the Association of Investment Companies.
City Asset Management launches five risk-rated portfolios
Discretionary manager launches five risk-rated funds.
Nest awards fund mandates to F&C and HSBC
Nest Corporation has appointed F&C and HSBC Global Asset Management to manage its ethical and Shariah mandates.
Gartmore stars Guy and Rambourg set for hedge fund launch
Former Gartmore star duo Roger Guy and Guillaume Rambourg are set to launch a hedge fund together, according to reports.
American resurgence
Advisers on the alert over Barclays income bond
JP Morgan hires Gartmore bond manager John Anderson
J.P. Morgan Asset Management has hired Gartmore's John Anderson as a portfolio manager in its fixed income team.
E&Y and HSBC criticise Capita for Arch cru role
Equity income debut for L&G
Pursglove and Wagstaff won't join Henderson
Aegon reappoints Stephen Snowden
Aegon Asset Management has reappointed Stephen Snowden seven years after he left the firm to join Old Mutual Asset Managers.
Aberdeen MM team rebrand multi-asset growth fund
Aberdeen Asset Management's multi-manager team is rebranding its £7.9m multi-asset growth fund and is giving it a stronger total return mandate.
Countrywide acquires Mortgage Intelligence
Countrywide has acquired Mortgage Intelligence in a deal that has raised its mortgage market share to over six per cent.
Ignis marketing head Rob Page quits for Ardevora
Ignis Asset Management head of marketing Rob Page is leaving the firm to join former Liontrust colleagues Jeremy Lang and William Pattisson at Ardevora Asset Management.
Succession member acquires Leicester IFA
Succession Advisory Services member Berkeley Burke has acquired Leicester IFA firm Baker Richmond Financial Services.
Isa sales rise after slow start
New carry-forward rules could halt VCT surge
Peace deal plan for banks
Whitehall officials are pushing a three-way deal between the Government, big banks and the Independent Commission on Banking.
Junior Isas set for £3,000 annual limit
The maximum contribution level for junior Isas will be set at £3,000 ahead of their launch in November.
T Bailey chief Britton takes industry break
50% Rate could be axed in 2013 after revenue review
FSA drops Rambourg investigation
Woodford warning on growth
Record sales for US funds, IMA stats
Sales in North American funds jump five-fold to reach £222m.
Liontrust reports third quarter of net inflows
Liontrust Asset Management has reported £39m of net inflows between January 1 and March 29, 2011.
FSA drops probe into former Gartmore star Rambourg
European fund star Guillaume Rambourg targets return to fund management after being cleared by the FSA.
Three Luxembourg businesses searched in SFO Kaupthing investigation
The Luxembourg police have searched three business premises and two residential premises on the back of the Serious Fraud Office Kaupthing investigation.
Woodford: Osborne too optimistic on UK growth
Leading income manager Neil Woodford says growth forecast by the Chancellor is too optimistic on his expectations for UK growth.
Jason Britton quits T Bailey
T. Bailey chief investment officer Jason Britton is leaving the firm after 12 years to take a break from the financial services industry.
Osborne aims to scrap 50p tax rate in 2013
Osborne plans to scrap tax rate after evidence showed individuals were going to great lengths to avoid it.
Budget 2011: Solar firms to be banned from VCT investment
Albion Ventures has welcomed the Government's decision to crack down on some VCT and EIS providers.
Arbuthnot Latham to offer IFA discretionary service
Arbuthnot Latham has launched a discretionary investment management service for IFAs.
Budget 2011: Big boost for EISs and VCTs
Venture capital trusts and enterprise investment schemes look set for a surge in investor interest after new investment and tax relief rules set out in the Budget.
Industry confidence on downward trend
Rate rise fears as inflation hits 4.4%
Slow burner
Budget 2011: Government announces VCT and EIS "refocus"
The Government has announced plans to refocus both EIS and VCTs to ensure they are targeted at genuine risk capital investments.
Lighthouse reports £1.53m profits as adviser numbers fall
Lighthouse reports pre-tax profits of £129,000 but sees adviser numbers fall almost 10 per cent as RDR approaches.
UK inflation rate rises to 4.4 per cent
The UK inflation rate his risen to 4.4 per cent, the highest level since 2008.
Track and field
Artemis' Tim Steer looks closer to home
Artemis UK growth fund manager Tim Steer has begun to invest more of his portfolio in domestic earners.
'Fear rules market but it should be contained'
Hargreaves 'in a daze' as £3bn HL heads into the FTSE 100
Japan's nuclear fears pose new problems for markets
Reaction to Japanese tragedy
Schroders profits triple to hit £406m
Japan's Nikkei 225 rebounds after sharp falls
Japan's Nikkei 225 is up 5.7 per cent following heavy losses earlier this week.
Nikkei falls 6 per cent after earthquake
Japanese shares have fallen by over 6 per cent on the first full trading day since the earthquake and tsunami hit the country.
Pharmas market
Japan hit by earthquake and tsunami
Numerous casualties feared after a tsunami and earthquake in Japan which measured 8.9 on the Richter scale.
Move to align VCTs and EIS is 'dangerous nonsense'
Tax Efficient Review editor Martin Churchill slams Office of Tax Simplification's plans to align time limits and conditions for VCTs and EIS.
Yearsley backs Osborne over new look at VCT tax breaks
Investment manager backs Chancellor George Osborne's re-examination of tax incentives granted to venture capital trusts.
Tisa launches distributor funds review
The Tax Incentivised Savings Association has commissioned an independent review into distributor influenced funds.
Hargreaves "dazed" by FTSE 100 inclusion
Hargreaves Lansdown is promoted to the FTSE 100 less than four years after flotation.
Chatfeild-Roberts: Stochastic modelling tools are outdated
Jupiter multi-manager head John Chatfeild-Roberts believes the majority of stochastic modelling tools used by IFAs will be useless if the UK remains in an inflationary environment for the next few years.
Fund stars warn on UK trackers
Leading UK equity income managers Bill Mott and Tony Nutt have warned investing in UK index trackers carries significant risks at present with their heavy exposure to the natural resources sector.
Schroders reports pre-tax profits of £407m
Schroders has reported annual pre-tax profits of £406.9m for 2010.
Nine arrested in SFO Kaupthing investigation
Nine men have been arrested in London and Reykjavik in relation to the Serious Fraud Office's ongoing investigation surrounding the collapse of the Kaupthing banking Group.
F&C launches strategic review as assets jump
F&C has reported an 8 per cent jump in assets under management and launched a strategic review in order to "maximise the value to shareholders".
Woodford: It is dangerous to play the China story
Invesco Perpetual income manager Neil Woodford believes investors in Chinese commodity and mining markets are due "a dose of realism".
ECB president warns Eurozone rates could rise by April
The president of the European Central Bank has said that interest rates could rise in the Eurozone as early as next month.
BlackRock's Lyttleton opposes Woodford on pharm opportunity
Firms clash with ABI on sector labels overhaul
Woodford says bank recovery will take three more years
Invesco Perpetual income guru Neil Woodford believes it will be at least another three years before the banking sector becomes an attractive investment prospect.
Schroders to launch low-cost UK fund
Schroders is launching a low-cost active fund designed as an alternative to passive investing in anticipation of the RDR.
Baillie Gifford soft-closes emerging growth fund
Gartmore hit with £7bn fund outflows
Henderson profits surge but it faces £7.6m FSCS levy
In good company?
Syndicate rebrands and focuses on wealth
AWD reports earnings surge for 2010
AWD Chase de Vere has reported a 425 per cent increase in earnings, from £1.02m to £5.36m, for 2010.
Sesame Bankhall launches panel management service for mortgage valuations
Sesame Bankhall has launched a new panel management service for mortgage valuations.
King: Inflation rate to remain high until well into 2012
Bank of England governor Mervyn King believes that the inflation rate could remain above the 2 per cent target "until well into 2012".
Jupiter appoints Philip Matthews as deputy manager on Nutt's £2.5bn income trust
Jupiter has appointed Philip Matthews as deputy manager on Anthony Nutt's £2.5bn income trust.
Baillie Gifford to soft-close £1bn emerging markets growth fund
Asset manager says it will soft-close fund in April, after it recently passed the £1 billion barrier in size.
Woolnough: Corporate bond supply to dry up
BlackRock's Lyttleton does not fear absolute revamp
BlackRock UK equity manager Mark Lyttleton says he is not concerned by any plans the IMA may have for changing the absolute return sector.
Syndicate Asset Management set to rebrand as Ashcourt Rowan
Syndicate to focus on wealth management sector and plans to sell Epic Asset Management.
Debt will push Japan into technical default
Harries: Blue chips look set for rise to premium prices
Shah and Lyttleton lose alpha ratings
Woodford: Setting the record straight
Invesco Perpetual income manager Neil Woodford believes the market has completely misread the fundamentals of the industry and that valuations are all that matter.
Woodford: This is a once in a decade investment opportunity
Invesco Perpetual income guru says pharmaceutical sector represents one of the best investment opportunities in his career.
Carby Caerus Wealth duo are recruited by Openwork
Openwork has recruited two directors from Keith Carby's new business Caerus Wealth Group.
Lowes hits back at structured attack
Gartmore sees £7.2bn of outflows in 2010
Gartmore reveals £2.1m interim interim levy bill.
Henderson hit with £7.6m FSCS levy as profits jump 37 per cent
Underlying profit before tax stood at £100.7m for 2010.
Lowes open letter slams Peter Hargreaves' structured stance download
Lowes issues open letter calling on Hargreaves to stop blaming structured product for FSCS levy hike.
Aberdeen moves to high yield
Jim Leaviss warns against rate hike
M&G fixed interest head says he expects an interest rate hike in June which would be damaging to the economy.
Hargreaves lowering stockbroking charges
Peter Hargreaves concedes the firm's stockbroking charges are not competitive and says the firm is lowering its prices.
Split over absolute return sector proposal
Advisers providers are divided on IMA's suggestion to link the absolute return sector with managed sectors in a bid to categorise the risk level of funds.
£18Bn funds in Chelsea's drop zone
Can F&C regain focus?
Hargreaves says Government must pay for regulation or FSCS
London Stock Exchange in £3.7tn Canadian merger
JO Hambro soft-closes UK equity income fund
JO Hambro Capital Management has soft-closed its JOHCM UK equity income fund after it passed through the £750m barrier.
FSCS becomes latest firm targeted by scammers
FSCS warns consumers to be on guard from bogus callers or people preporting to be from the compensation scheme.
IMA may link absolute return sector with managed sectors
The Investment Management Association says it may look to link the absolute return sector with the managed sector in a bid to categorise the risk level of funds.
Ex-Capita MD Coxell leads buyout of Rowan Dartington
A consortium of private investors led by ex-Capita financial services head Graham Coxell has acquired Rowan Dartington from Astaire Group.
Lloyd George's Ko to retire after 29 years in industry
Lloyd George Management director Adaline Ko is retir- ing after 29 years in financial services.
Hargreaves Lansdown hit with £3m FSCS levy bill
Firm calls for a review of FSCS after recording record revenue and profits.
Advisers say Yeadon exit is biggest surprise
Axa sets up legacy deal
Fall in overseas-domiciled fund sales
FSCS lands Liontrust with £415,000 interim charge
Harris and Heron axed as Henderson merges funds
Ignis shake-up to boost UK funds
Yeadon quits Schroders after plan to combine multi teams
Sinfonia adds five funds to Cofunds
Tenet Group's investment arm Sinfonia Asset Management has placed its five IFSL risk-rated funds on the Cofunds platform.
Natwest launches two 85 per cent LTV mortgages
Natwest Intermediary Solutions has added two 85 per cent LTV fixed rate mortgages to its core range.
London Stock Exchange agrees merger with Canada's TMX
The London Stock Exchange has agreed to merge with Canada's TMX Group.
Ignis makes cuts on UK equities team
Ignis Asset Management has removed head of UK equities Neil Richardson as part of a restructure of its UK desk.
Ex-FSA head Sally Dewar to join JP Morgan Chase
JP Morgan Chase has appointed former FSA head of risk Sally Dewar to work within its risk division.
RSM Tenon appoints ex-Santander multi-manager Speck
RSM Tenon has appointed former Santander multi-manager Keith Speck to its investment team.
RCM to launch global emerging markets multi-asset fund
RCM is planning to launch a low volatilty global emerging markets multi-asset fund in the second quarter of 2011.
Schroders multi-manager head Andrew Yeadon departs in reshuffle
Schroders head of multi-manager Andrew Yeadon has left the firm after the group announced plans to merge the multi-manager and multi-asset teams.
JP Morgan looks to add more low-cost funds
Head of UK retail sales Jasper Berens says he would like to launch more low-cost active managed funds designed to be an alternative to the passive market.
Nutt says equity markets will fall in Q1
Axa Elevate adds new charging structure for high value clients
Axa has introduced two new pricing tiers to its wrap platform Elevate to accommodate for advisers wishing to place busines from high value clients.
Aberdeen plans two bond fund launches
Aberdeen Asset Management is launching onshore versions of its Luxemburg-domiciled emerging market bond and high-yield bond funds in March.
Ignis manager concerned at UK income concentration
Second MPC member votes to raise rate
Investment banker jailed for insider dealing
Christian Littlewood was sentenced to three years and four months in custody.
Multi-manager duo Mark Harris and Craig Heron leave Henderson
Henderson Global Investors has made star multi-manager duo Mark Harris and Craig Heron redundant after proposing mergers for five multi-manager offerings.
Liontrust faces £415,000 FSCS levy hit
Firm sees £76m of net inflows in last three months of 2010.
Principal acquires Border Asset Management
Principal to combine with Border Asset Management to create £1.5bn national discretionary investment managment business.
IMA concerns over Prips implementation
Trade body calls for harmonised approach to selling practices.
JP Morgan Asset Management launches low cost active fund
The JPM UK active index plus fund will have a maximum total expense ratio of 0.55 per cent.
Aberdeen Asset Management to sponsor Cowes Week
Firm takes over sponsorship of the event Skandia used to entertain IFAs for 14 years.
Mark Burgess appointed co-manager on Threadneedle funds
Threadneedle chief investment officer Mark Burgess has been appointed co-manager with Alex Lyle across three funds within Threadneedle's range.
Pattullo's bond fund halves financials and adds 12% cash
George Soros says Government cuts will push UK back into recession
Billionaire investor says Government must ease up on spending cuts.
Artemis becomes latest fund firm targeted by scammers
Artemis shareholders contacted by a number of people claiming to be brokers.
Hargreaves blames FSA for failing to heed warnings on Lifemark products
Hargreaves Lansdown founder and executive director Peter Hargreaves says the FSA must be more accountable.
St James's Place looks to double assets over the next five years
FSCS explains change in levy calculation
Adviser levy is now calculated by the amount of eligible income a firm generates rather than the number of registered individuals.
Aegon adds portability option to offshore bond
European portability option will sit in Aegon's main offshore bond.
King: Squeeze on living standards is the "inevitable price" for financial crisis
BoE governor says inflation set to jump to between 4 and 5 per cent.
Advisers report huge increases in FSCS bills
One adviser says his levy last year was £6,009 but today's bill was £51,459.
Stock taker
Clients were told IFA firm had gone bust rather than network
An adviser has slammed Phoenix Independent Advisers for sending a letter to some of his clients last November that claimed his firm had gone into administration.
Premier keen to move into new regions
JOHIM appoints Spencer House Capital Management duo
Charles Martyn-Hemphill and Will Kenney will run global equity segregated mandates at the firm.
SJP assets jump to record high of £27bn
St. James's Place has seen its funds under management jump by £5.6bn in 2010.
IMA looks at splitting absolute return sector
IMA looks at splitting absolute return sector into two separate sub-sectors.
Openwork adds pension and annuity panels to widen choice
Openwork is setting up pension and annuity panels in a bid to widen adviser choice.
Woodford flagship funds downgraded
Financial Express has downgraded Invesco Perpetual fund guru Neil Woodford's flagship income and higher-income funds.
F&C outsourcing to save £12m a year
Rate rise would be 'GDP suicide'
Unemployment rises to 2.5 million
UK unemployment rose by 49,000 to 2.5 million in three months to November 30, 2010.
Jupiter assets jump 9 per cent to £24bn
Jupiter has seen its assets under management jump 9 per cent to £24.1bn in the final quarter of 2010.
The 50 most influential regulators
Nout Wellink beats the likes of Barack Obama and Hu Jintao to the title of most influential regulator in the past 12 months.
UK inflation rises to 3.7 per cent
The UK consumer prices index has risen to 3.7 per cent in December, its highest rate in eight months.
Swip launches currency alpha fund
Swip has launched a new currency fund under the management of currency investment director Roddy Macpherson.
F&C set for £12m of cost cuts
Firm set to appoint new outsourcing provider and is looking at product rationalisation.
Downing looks to add Oeics
Freeman-Shor to work on entire Skandia ideas range
Harris says developed markets will be winners
M&G's Leaviss warns that BoE could be on the brink of policy error
M&G head of retail fixed interest Jim Leaviss says the BoE may be forced to hike rates and commit "GDP-suicide".
Cazenove Capital appoints non-executive director
Cazenove Capital has appointed Rupert Tyer as non-executive director to the board of Cazenove Capital Holdings.
L&G could add UK equity income to fill fund gap
L&G Investments managing director Simon Ellis says the company is looking at adding a UK equity income fund to its investment range.
Big firms to move into enhanced trackers
F&C urges vote to block Sherborne board bid
Gartmore brand to be dropped following Henderson deal
Fund merger plans set for the summer as both firms' share prices jump.
Intrinsic appoints Keith Baldwin as non-executive director
Intrinsic Financial Services has appointed former Zurich Advice Network chief executive Keith Baldwin as non-executive director.
HK finance watchdog chief in frame to lead CPMA
Outgoing Hong Kong Securities and Futures Commission chief executive Martin Wheatley in the frame for lead role at the CPMA.
Advisers question JPM soft-closing global fund
Advisers question why the firm has soft-closed the offshore without looking at future flows onshore.
Downing enters Oeic market with Acuity fund deal
FSA fines and bans director over £2m insurance fraud
FSA fines and bans Surety Guarantee Consultants Limited director Barry Williams for his role in £2m insurance fraud.
F&C calls on shareholders to vote against Sherborne
Asset manager wants shareholders to reject Sherborne plans to replace current chairman Nick MacAndrew.
Henderson takeover of Gartmore could see major consolidation
Mergers for opps duo
Peak's UK funds face losses if deal goes ahead
Poll verdict - alternative investment directive is not needed
Henderson set for more fund mergers
Henderson plans to merge away UK and European opportunities funds.
US Federal Reserve to continue with QE2 plan
US Federal Reserve is not convinced by the recent recovery.
Housing minister warns on mortgage regulation
Shapps to urge FSA head not to clamp down too tight on mortgage lending.
G20 and EU actions could increase chances of future financial crises
A leading think-tank has lambasted both the G20 and EU for their overhaul of financial regulations.
FTB mortgage affordability hits 12 year high.
Mortgage affordability for first time buyers is at its most attractive for 12 years, according to the latest annual Halifax First Time Buyer Review.
Global disclosure call for bank bonuses
New calls would cover the likes of top managers, risk management staff and "other material risk takers".
Standard Life Bank of China talks break down
Standard Life has announced that talks over a joint venture between themselves and Bank of China have broken down.
Merchant House acquires Clarkson Hill assets and launches new business
Firm has not agreed transfer of Clarkson Hill IFAs and clients.
Prepare for interest rates of 5%, warns BoE markets chief
Paul Fisher says central bank policymakers would like to raise rates as much as tenfold.
Suffolk Life's John Moret retires
Suffolk Life's director of marketing John Moret is to retire at the end of the year.
Ernst & Young faces US lawsuit over Lehman
E&Y accused of being complicit in a "massive accounting fraud" which Lehman ran.
NAPF calls on Lord Hutton to introduce career average pensions
NAPF says move would be the best way to keep schemes going in the wake of rising costs.
UK economic growth revised down
Fall blamed on weaker growth in the production sectors.
Nest to offer SRI fund as part of its investment strategy
Nest tenders offer to global equity SRI managers to bid for the contract.
CBI cuts growth forecast for Q1 2011
CBI cuts forecast from 0.3% to 0.2%
Best and worst performing funds of 2010
Gold and smaller companies funds dominate 2010 top performance charts while a number of absolute return funds return negative figures.
EU agrees on permanent eurozone rescue mechanism
EU leaders have agreed to set up a permanent bail out mechanism to help member states with debt problems that threaten the 16 countries in the eurozone.
Jupiter's Chatfeild-Roberts issues bond warning
Jupiters says the risks associated with holding bonds have increased.
Architas CIO Philbin quits
Schroders wants one more income maximiser
Schroders managing director of UK intermediary Robin Stoakley says he would like to launch one more maximiser in 2011.
JP Morgan soft closes offshore global natural resources fund
Firm soft closes its offshore £2.7bn global natural resources fund but says it has no intention of soft closing £2.5bn onshore natural resources fund.
US will lose AAA credit rating, warns M&G's Jim Leaviss
M&G head of retail fixed interest Jim Leaviss also believes France is currently "the AAA economy closest to a downgrade".
Richard Philbin quits Axa's Architas
Architas CIO quits the firm after two years.
Middle-ground funds may be hit by EU risk rules
New EU rules could complicate fund selection.
Iceland strikes deal with UK and Netherlands over banking dispute
Iceland to pay back £3.4bn between 2016 and 2046.
FSA secures winding-up order against two unauthorised firms
Firms operated a bio-fuels collective investment scheme without FSA authorisation.
Gartmore fined $1.35m by SEC for short-selling breach
Fine by US regulator follows breach of short selling rules.
Moneygate gets cash for buyout bids
Solvency issues could send the euro crashing
FSA warns that failed bank bosses could have pay clawed back
FSA chairman Lord Turner has warned that bosses of failed banks could have two years' pay clawed back from them.
IMF chief slams inadequate response to Eurozone debt crisis
Strauss-Kahn claims response to crisis has been "piecemeal".
Honorary CISI Fellowships for Sants and Knight
CISI says award is given to those who have contributed with distinction to financial services.
Small caps go large
Saltus hires O'Grady from Williams De Broe
Saltus Fund Management has appointed Williams De Broe director and head of sales and marketing Robin O'Grady as a partner in the business.
Moneygate plans MBO
Moneygate Group has confirmed that it has secured new funding in a bid to buy out investment partners, MGT Capital Investments.
£1.4M departures see Liontrust plunge to loss
Reeves picks investment chief to push fund range
Tigue: Euro is at risk of falling apart
Foreign and Colonial Investment Trust fund manager Jeremy Tigue says the Euro is at risk if the EU persist with the rescue of smaller European countries on a reactive basis.
AWD looks for buys after 'phenomenal' turn-round
'Let advisers act as proxy to vote for investors'
PSigma goes on the defensive
PSigma IM chief investment officer Tom Becket says his team has been moving to a defensive stance due to market volatility.
AWD rules out restricted advice and looks to buy
Chief exec says national will target small IFA businesses.
T Bailey to merge equity income into growth fund
T Bailey is proposing to merge its £9m equity income fund into its £162m growth fund.
Mott is on the defensive to avoid worst-case scenario
Nationwide rate pledge costs £300m
Wrap providers face £60m cost of compliance fees
Clarkson Hill has shares suspended for second time in 2010
Clarkson Hill has had its shares suspended on AIM for the second time this year.
IMA unveils China/Greater China sector
IMA to consult on global income and European income sectors in 2011.
ishares appoints new head of sales
ishares has appointed David Gardner as head of sales for the EMEA region.
Nationwide base rate mortgage pledge costs firm £300m
Pledge to cap mortgage rate 2 per cent above base rate costs firm £300m in six month period.
Succession adds trio of adviser firms
Succession Advisory Services has acquired three more adviser firms bringing its total assets under management over £5.5bn.
Neil Bridge to leave Schroders
Schroders head of UK intermediary sales Neil Bridge is to leave the firm after 21 years.
Platform reforms will cost £127m
Proposals will see a £127m one-off payment for the industry and £47.6m of ongoing costs.
Stewart Ford calls for public enquiry into Lifemark
Ford writes to Financial Secretary to the Treasury, Mark Hoban, on what he calls a "regulatory stitch-up".
Advisers fear a rush for the door as Roger Guy resigns
Oakley takes a majority stake in BDO Investment
Strategic review could end in quick sale of Gartmore
Schroders post £5.4bn net inflow in Q3
£800m of retail inflows.
Are the kids' Isas all right?
Advisers return mixed verdict on "vulnerable" Gartmore
Advisers give replacement John Bennett the thumbs-up but say the asset manager is vulnerable to a takeover bid.
Gartmore CIO Dominic Rossi joins Fidelity
Fidelity International has appointed former Gartmore chief investment officer Dominic Rossi.
Spearpoint takes majority shareholding in Succession
Spearpoint Limited has taken a majority investment in IFA consolidator Succession Advisory Services.
Newton chief defends using derivatives to boost income
Newton higher-income manager Tineke Frikkee rejects Hargreaves concerns about the use of income-generating derivatives in her £2.7bn fund.
57% Of wealth managers fail full market test
De Blonay takes over Jupiter financial opps
Federal Reserve pumps $600bn into US economy
$600bn injected made to boost US recovery.
Financial Express and Style Research offer fund monitor
Mellon fund builds on LatAm infrastructure
Oakley Capital acquires BDO Investment Management
Odey fund off to Dublin
Origen links with Staffcare to offer benefits portal
Over 700 funds holding less than £30m
LSE launches investigation into 'suspicious' trading after platform crash
LSE says crash "may have occured in suspicious circumstances".
Santander chief to replace Eric Daniels at Lloyds
Lloyds Banking Group has poached Santander chief executive António Horta-Osório as group chief executive officer.
Former Collins Stewart boss Terry Smith launches low cost equity fund
Fundsmith equity fund launches with 1 per cent AMC.
Premier appoints Chris White to take on trio of income funds
White to replace income guru Bill Mott on income, alpha income and monthly income funds.
Gibbs to hand Jupiter financial opps fund over to de Blonay
de Blonay to take over as lead manager on January 1, 2011.
Baring's Pascal calls for emerging specialist sector
Ian Pascal says the IMA should introduce a specialist sector that focuses purely on emerging market products.
F&C assets jump 13.5 per cent
Thames River acquisition boosts assets by £4.2bn.
Hargreaves axes Newton higher income from wealth 150
Firm cites concerns with the level of covered-call options and special cum-dividends used by the fund.
Jupiter MM team bolsters Japanese equities exposure
Jupiter's multi-manager team has bolstered its exposure to Japanese equities across three of its four merlin portfolios.
Pattullo says volatility can be contained
Henderson head of retail fixed income John Pattullo says volatility will persist in the markets with shorter market cycles causing "containable landmines".
Henderson looks at natural resources
Henderson is in talks with external groups over possible launch.
Assets' boost for Henderson
Renewable energy target for Hazel Capital VCTs
BNY Mellon launches Latin America infrastructure fund
Fund will be run by Brazilian boutique ARX Investimentos.
Government unveils junior Isa plan
New tax free savings account set for launch in 2011.
Aegon sells pensions administration business to Goddard Perry
Aegon UK has agreed to sell its third party pension's administration business to corporate consultants Goddard Perry.
UK economy beats growth forecasts
GDP increases 0.8 per cent in Q3.
Managers defend single strategy funds
Chelsea Financial Services says there is no value in the strategy.
Gilt yields fall to record low
Chancellor indicates more QE is on the way.
L&G cuts with-profits interim bonus rates for new business
Legal and General is cutting the interim bonus rates on new business into its with-profits bonds and capital control bonds.
Firms will no longer pay employees' fines
Henderson assets jump 5 per cent
Currency movements and market conditions see assets under management rise to £59.2bn.
Hendry slams fund axe
Ignis says bring in hybrid pensions to aid public sector
M&G offering UK inflation-linked corporate fund deal
Schroders appoints fixed income CIO
Schroders has appointed Philippe Lespinard in the newly created role of chief investment officer for fixed income.
Swip tops the dirty dozen
Bank of England governor warns UK facing 'sober' decade
King hints that more QE could be on the way.
AILO appoints Mark Kennett as chairman
The Association of International Life Offices has appointed Mark Kennett as chairman.
Jupiter sees assets jump 12 per cent
Jupiter Asset Management has reported a 12 per cent rise in assets under management in the third quarter of 2010.
Spending Review gaffe reveals 490,000 public sector job cuts
Treasury Chief Secretary Danny Alexander has accidentally disclosed expected public sector job cuts.
Chelsea FS highlights multi-manager funds in latest Relegation Zone
Latest report says £14.5bn of assets are in failing funds.
Bestinvest asks VCT firms to reveal rival commission deals
Hargreaves Lansdown slams Bestinvest over VCT questionnaire.
PSigma chief says MPC must reject easing calls
Tom Becket says use of QE is a "dangerous financial experiment".
FSA to prevent firms from paying employees' fines
New rules would prevent firms paying financial penalties imposed on present or former employees.
Old Mutual and HSBC end talks over Nedbank deal
Old Mutual has confirmed that it has ended talks with HSBC over the potential acquisition of Nedbank Group.
Succession gets FSA approval
IFA consolidator Succession Advisory Services has been granted authorisation by the Financial Services Authority.
IMA proposes changes to global growth sector
New rules would allow more specialist funds into the sector.
Close Brothers to sell property fund firm to Alpha Real Capital
Hargreaves Lansdown weeds out Eclectica aggie
HSBC adding sterling classes for emerging market funds
IMF chief concerned over currency war
HSBC adds sterling share classes for emerging market funds
HSBC Global Asset Management is introducing a sterling share class for nine of its emerging market funds in a bid to widen their accessibility to UK investors.
Lloyds Banking Group to cut 4,500 jobs
Lloyds Banking Group has announced plans to cut 4,500 jobs with its IT and operations department.
Lloyds ignores FSA calls on PPI
Lloyds Banking Group has stopped processing complaints related to mis-sold PPI despite warnings from the FSA not to do so.
Aegon bolsters fixed interest team
Aegon Asset Management has appointed Daniel Uhlemann as a quantitative analyst within its fixed interest team.
Isas set for £480 boost
RPI figures for September should see Isa levels jump in the next tax year.
Bestinvest downgrades Rensburg manager focus trust
Ignis shelves joint ventures to focus on growing its own
Ignis plans to focus on building internal offerings.
EU plans tougher than expected rules on bankers' pay
Fears that restrictions could make the EU uncompetitive.
Bubble trouble
Close Brothers sells property arm
Close Brothers is to sell the property division within its asset management arm to Alpha Real Capital.
Compensation claims ruled out for Lehman-backed products
Neptune adding US and UK income
Reed leaves Fidelity to take hedge fund role in New York
Stephen Lansdown sells £58m worth of shares in Hargreaves Lansdown
Co-founder makes over £58m from selling almost 3 per cent of shares.
Close AM appoints head of financial planning
Close Asset Management has appointed Beverley Lavin as head of financial planning.
IMF chief warns of exchange rate war
Strauss-Kahn says Government's risk a currency war if they try to use exchange rates to solve domestic problems.
PosSol posts £7.4m loss and reveals plans to broaden offering
Firm blames loss on economic downturn, higher reg fees, improved governance controls and a share-option write-off.
Russell Investments bolsters UK IFA team
Russell Investments has appointed Danny Callaghan as head of UK IFA sales within its UK private clients services investment team.
SocGen trader Jerome Kerviel jailed
Rogue trader jailed for at least three years.
Laverick departs in AWD management shake up
AWD Chase de Vere marketing director leaves as part of a shake up of the management team.
Leading property managers back derivatives launch
Swip, Prudential and Skandia all back derivatives launch.
Dampier dismisses bond bubble fears
Hargreaves Lansdown head of research Mark Dampier says there is no reason for bonds not to conitnue doing well in the short term.
Fidelity global focus manager quits
Fidelity global focus fund manager Brenda Reed is to leave the firm after 18 years.
Churchlow takes head role at LGIM
FSA to increase FOS limit to £150k
The FSA has proposed increasing the limit on awards made by the Financial Ombudsman Service to £150k.
FSCS rejects compensation claims for Arc, NDF and DRL investors
FSCS says it is satisfied that relevant marketing materials provided had adequate and appropriate warnings.
Neptune soft-launches income funds
Neptune has bolstered its fund range with the launch of both a US income fund and a UK higher income fund.
Threadneedle GEM head Julian Thompson quits
Vanessa Donegan to take enlarged role of head of Asia and global emerging market equities.
FSA bans partner at First Colonial Investments LLP for governance failings
Gerald Classey banned for several failings.
LGIM appoints Churchlow as head of active equities
Churchlow set to replace Mark Burgess at LGIM.
Liontrust sees first inflows in two years
Liontrust has reported its first quarter of inflows in over two years.
RBS to shed a further 500 jobs
Royal Bank of Scotland is set to cut another 500 jobs with the majority coming from its investment banking division in London, according to reports.
Liontrust appoints Mark Allpress as head of retail distribution
Liontrust has appointed Mark Allpress as head of retail distribution.
Geoghegan to quit HSBC
Reports that chief exec is to step down at the end of 2010 after missing out on chairman's role.
Schroders backs UK all companies split
Advisers outsourcing investment business
HMRC may write off £1.5bn of unpaid tax
HM Revenue & Customs is likely to write off up to £1.5bn of unpaid taxes, according to reports.
Lighthouse is open to restricted advice choice
Liontrust plans fund merger and rebranding across range
Low-cost Fofs offer advisers equity stake in start-up firm
Openwork embarks on series of strategy meetings
Openwork CEO Martin Davis is to holding a series of adviser meetings across the UK to cover the network's strategy and future business structure.
Rating firm puts Schroder funds on review as Gartside quits
Woodford says his income duo are not depending on a double-dip to perform
FSA suspended A2O for not acting on a range of failings
Network failed to address numerous concerns repeatedly highlighted by the regulator.
HSBC chief executive threatens to quit
HSBC chief executive threatens to quit over chairman role.
Lighthouse Group revenues jump 11 per cent
Pre-tax profits stand at £117,000 for the first half of 2010.
Watch out for fake firm claiming to be Octopus
Octopus Investments has warned its VCT clients that a third party is misusing its name and says shareholders have been contacted as part of an illegal boiler room scam.
Aviva calls in headhunters in search for new chairman
Aviva has began to search for a new chairman to replace Lord Sharman, according to reports.
Firm pledges support for savings campaign
Goldman Sachs Intl failed to tell FSA of US probe
Martin Currie set to widen absolute range
Multi-tie Openwork buys 2plan to add IFA option
Passporting route could be costly
Swiss firm buys HNW adviser
Woodford says prospect of a double dip is rising
Liontrust plans raft of fund changes
Liontrust is planning to merge its first large cap fund amid a raft of changes at the asset manager.
Openwork set to buy 2plan Wealth Management
Openwork is to acquire 2plan Wealth Management in a bid to build its whole of market IFA capability ahead of the RDR.
Polar Capital set to acquire HIM Capital
Polar Capital Holdings is set to acquire specialist fund manager HIM Capital.
Resolution completes acquisition of Axa UK Life business
Resolution's acquisition of Axa UK Life business, under Friends Provident, has been completed.
JP Morgan Asset Management confirms Gartside appointment
Gartside to become international CIO of fixed income.
Towry appoints chief investment officer
Towry has appointed Dr Robert Dawkins as chief investment officer.
Woodford says chances of a double-dip recession are on the up
Invesco Perpetual income guru Neil Woodford has warned that the chances of a double-dip recession in the UK are on the rise.
Helvetia Wealth acquires Scottish IFA
Swiss and Leichtenstein-based asset management firm Helvetia Wealth has acquired Scottish IFA Dunedin Independent.
Nick Gartside quits Schroders
Schroders head of global fixed income Nick Gartside has quit the firm after eight years.
Pimco launches UK retail fund range
Pimco has launched a Ucits III fund range for retail investors through Aegon's investment platform.
Hornbuckle Mitchell makes plea to protect pensions in LTA cut
AWD Chase de Vere in Quality deal for referrals
Aberdeen says emerging market bonds are safe for cautious fund
BlackRock renames income fund
EU creates new finance watchdogs
FSA fines Goldman Sachs £17.5m
FSA fines Goldman Sachs for failure to provide appropriate information.
Fund stars to get lock-in equity share
Global bond business hits record high
Multi-manager chief Cheeseman quits F&C as funds go to Thames
RDR is top of Hargreaves' risk register
Hargreaves Lansdown co-founder Peter Hargreaves has labelled the RDR as the biggest risk facing retail investors.
Smaller firms fund manager Williams leaves Gartmore role
Former Goldman Sachs Asia head in frame for HSBC role
The former head of Goldman Sachs in Asia is understood to be a frontrunner to succeed Stephen Green as the chairman of HSBC.
Lloyds to be sued by own charity, say reports
Foundation says it is owed £3.5m from the bank.
HSBC bolsters alternative investment team
HSBC appoints Amy McNally as global marketing manager.
HSBC chairman takes Govt trade and investment role
Barclays chairman Marcus Agius to take on chairman role at the BBA.
Schroders appoints head of European equities
Schroders has appointed Rory Bateman as head of European equities.
The return of technology
Gartmore offers equity deal to top staff
Gartmore has awarded 3.5 per cent of the company's equity to leading members of its staff in a bid to lock them into the business.
Heron says Henderson will boost US exposure
Agreement over new European financial watchdogs
Three new pan-EU watchdogs will be created with powers to intervene in emergency situations.
HSBC threatens to move headquarters away from the UK
HSBC has warned that it may move its headquarters away from London if the UK government does decide to break up the big banks.
US loses fewer jobs than expected
The US lost fewer jobs than expected in August, according to the latest non-farm payroll figures.
Alpha 2 Omega ARs chased for fees and PI payments
A20 appointed reps being chased over regulatory and PI payments not made to the network.
Tenet backs Aifa level five diploma
Tenet is to support Aifa's new diploma in investment planning.
Cheeseman quits F&C as multi-manager funds pass to Thames River duo
F&C head of multi-manager Dean Cheeseman is to leave the firm as his retail range is set to pass over to Thames River Capital.
FSA imposes life ban on insurance broker
The FSA has imposed a lifetime ban on David Marriott for his persistent misuse of client money.
Bloxham set for global absolute return fund launch
Bloxham is launching a global absolute return fund that will target a minimum return of 8 to 10 per cent per annum.
F&C completes Thames River deal
F&C Asset Management has completed its acquisition of investment boutique Thames River Capital.
Hargreaves Lansdown reports 18 per cent profit hike
Peter Hargreaves bows out on a high as net business inflows jump 65 per cent.
OMAM hires new manager for dynamic bond fund
Old Mutual Asset Managers has appointed Christine Johnson to manage its £30m dynamic bond fund.
Intelligent Pensions bolsters management team
Intelligent Pensions has recruited Andrew Pennie as marketing director.
Henderson would opt for boutique buy over big firm
Stephen Lansdown steps down as HL executive
Stephen Lansdown has stepped down as executive director of Hargreaves Lansdown.
Fidelity attacked for not allowing in-specie windfall Isa transfers
F&C reports £19.5m loss after tax
F&C has reported a £19.5m loss after tax for the first six months of 2010.
Faltering start for Bolton's China fund
IFS says Budget hits the poorest hardest
The Institute of Fiscal Studies challenges Government claims that the Budget was progressive.
S&P downgrades Ireland
Standard & Poor's has downgraded the Irish Republic to its lowest sovereign rating in 15 years.
IMA opts against making absolute return rejig
The IMA has decided not to make any changes to the absolute return sector as part of its annual review.
Henderson duo build up FTSE downside protection
Harris and Heron believe FTSE 100 is set to hit 4,800 in the next couple of months.
Cofunds head of sales departs in restructure
Sales duo exits Cofunds as it merges sales and marketing departments.
Fidelity to shut windfall Isas
Fidelity is to close its windfall Isa scheme after the number of accounts dropped to 34,000.
Ignis makes first move into tech with global fund offer
Henderson sees profits jump 79 per cent
Chief executive Andrew Formica refuses to comment on Gartmore bid rumours.
Threadneedle bolsters fixed income team
Threadneedle has appointed Jonathan Pitkänen as head of investment grade research.
Close Asset Management appoints senior duo
Close Asset Management has appointed Andrew Gillespie as marketing director and Anita Juneja as head of strategic relationships.
Aviva rejects £5bn RSA approach for general insurance arm
Aviva has rejected a bid from insurance group RSA to acquire its general insurance operation, according to Sky News.
Maguire says bid for Arch Cru compensation will fail
Cru Investment Management founder Jon Maguire believes IFAs will fail in their attempt to seek compensation from Capita for losses their clients have suffered through the Arch Cru range.
Overdue review of IMA fund sectors is welcomed
Tenet £1m loan support to members
Tenet says it has provided almost £1m in loans to support its adviser firms.
RAB Capital to close European dynamic fund
RAB Capital is to close its £2.8m European dynamic fund as it is no longer economically viable to run.
FSA probing Coutts over AIG fund sales
HL calls for switch on Scottish Widows income funds
Hargreaves Lansdown has suggested that investors switch out of both the Scottish Widows UK equity income and Swip UK income funds.
Henderson touted for Gartmore bid
Rumours within the City that Henderson is targeting Gartmore.
Standard Life sees group profits jump 10 per cent
Standard Life has seen a 10 per cent rise in group profit before tax for the first half of 2010.
UK unemployment levels falls to 2.46m
The number of people unemployed in the UK fell by 49,000 to 2.46 million in the three months to June.
Performance freeze
Aviva adding levy on 21 funds
Aviva Investors is to add a 0.1 per cent charge across a total of 21 funds within its range.
Strategic bond choice clouded
Alliance Trust fixed income head warns on lack of transparency in the strategic bond sector.
Schroders slammed over Sloane performance fee
Yearsley says fee for emerging markets fund is "outrageous".
Spill sell-off could see takeover of BP
Tony Yousefian says BP will eventually be ripe for a takeover.
FSA probes Coutts & Co after AIG bond sales
The FSA has launched an investigation into Coutts & Co over the sale of the AIG bonds.
Gartmore appoints head of research for global equities
Gartmore has appointed Nick Anderson as head of research for global equities.
RBS reports £1.1bn half year profit
RBS reports pre-tax profit of £1.1bn for first half of 2010.
Barclays posts £3.95bn profit
Pre-tax profit jumps 44 per cent.
Capita faces 1,300 CF Arch Cru investor complaints
Law firm and IFAs help orchestrate deluge of complaints against the authorised corporate director of the fund range.
Lloyds reveals £1.6bn first half profit
Bank moves back into black after £4bn loss in the first half of 2009.
A turn for the worse
ABI appoints Alain Dromer as investment committee chairman
Aviva Investors chief executive Alain Dromer appointed ABI investment committee chairman.
Hargreaves Lansdown head of Vantage and broking operations quits
Hargreaves Lansdown managing director of Vantage and broking operations Andrew Christian has left the firm after 19 years.
Hargreaves says boycott performance fees
Hargreaves Lansdown chief executive says less than a dozen fund managers actually warrant a performance fee.
Evershed lawsuit against Duffield gets go-ahead
New Star whistleblower will get his tribunal hearing.
Bestinvest picks chief operating officer
CarVal exits Lifemark bailout deal
FSCS sets date for decision on Lifemark compensation
Government plans to scrap default retirement age from 2011
Employers may no longer be able to force people to retire at 65.
St James's Place says Lloyds will retain stake
SJP sees 60 per cent jump in group operating profits in the first six months of 2010.
End game
AIC welcomes improved flexibility for investment trusts
New proposals to improve flexibility and reduce compliance costs.
Several Spanish banks set to fail stress tests
Reports that several banks have failed the test to see if they could handle worsening economic conditions.
Capita opts against adding to £30m Arch cru provision
Capita has decided against adding to the £30m provision for potential losses arising from the Arch cru debacle.
BP agrees £4.6bn asset sale to fund oil clean-up
Sales in Texas, Canada and Egypt are made to tackle oil spill costs.
Split decision
Chamberlain: IFAs need confidence to show they merit fees
Succession chief executive says RDR will not stop some advisers "flogging policies".
Jupiter chief sees chance in China
John Chatfeild-Roberts believes there will be a good opportunity to invest in China in the second half of this year.
L&G's Burgess joins Threadneedle as CIO
Medicals Direct Group acquires Medibureau
Medicals Direct Group has acquired outsourced insurance services firm for an undisclosed sum.
Perspective appoints Andrew Aldridge as marketing manager
Perspective Financial Group has appointed Andrew Aldridge as marketing manager.
UK equities chief Jane leaves M&G
UK unemployment falls to 2.47m
34,000 fall in the three months to May.
Guillaume Rambourg quits Gartmore
Rambourg resigns from the asset management house to focus on FSA investigation.
Osborne may drop pre-Budget report
Chancellor George Osborne is looking at dropping the pre-Budget report from the coalition Government's roster of economic events.
Sarah Arkle to step down as Threadneedle CIO
Threadneedle has appointed L&G Investment Management head of UK equities Mark Burgess to replace current CIO Sarah Arkle.
UK GDP growth stays at 0.3 per cent
The UK economy grew by 0.3 per cent in the first quarter of 2010, according to figures from the Office for National Statistics.
Liontrust problems began before stars quit
Preference share among three Aviva funds to close
Stoakley says IMA should have stuck with UK equity income split
Schroders head of UK intermediary business Robin Stoakley says the IMA should not have merged the UK equity income sectors.
Langridge takes Jupiter emerging market role
Lazard MD Wilson to join Investec
Liontrust scraps global equity team after a year
RSM Tenon takes over Vantis in £7m deal
Threadneedle duo quit to join RWC
Investec considers Rensburg Fund Management sale
Investec is considering the sale of Rensburg Fund Management after receiving a number of enquiries about the firm.
Charles Wilson quits Lazard for Investec
Lazard Asset Management managing director and head of third party distribution Charles Wilson is leaving the firm to join Investec, Money Marketing can reveal.
Credit where it's due
Offshore commission ban could cut choice
Product expert warns implementation of RDR could restrict choice.
IMA recombines UK equity income sector
The Investment Management Association is recombining the UK equity income sector.
Asia raised to 30% for Jupiter financial opps
Bestinvest appoints new chief operating officer
Bestinvest has appointed Donald Reid as chief operating officer.
Clarkson Hill has shares suspended
Clarkson Hill has had its shares suspended on AIM after failing to publish its annual accounts by July 1, 2010.
Hayward set to depart BP
Exit package to top £11m.
Jupiter fund manager Laurie Petar dies
Jupiter fund of investment trusts and monthly income manager Laurie Petar has passed away after a long battle with cancer.
Protection added on arrears and rentback
Budget could see 1.3m UK job losses
Spending cuts announced in the emergency Budget could lead to up to 1.3m job losses in the UK.
Gartmore appoints head of marketing
Gartmore has appointed Charlotte Gibson as head of marketing.
Gerry O'Brien leaves First Complete
First Complete chief executive Gerry O'Brien has left the firm with immediate effect.
OMAM UK sales head Mark Allpress departs in re-shuffle
Old Mutual Asset Managers has made its head of UK retail sales Mark Allpress redundant following a reorganisation, Money Marketing understands.
RSM Tenon acquires Vantis advisory divisions for £7m
RSM Tenon has acquired Vantis Financial Management as part of £7m deal for its advisory arms.
Threadneedle absolute return duo quit for RWC
Threadneedle absolute return fund managers Peter Allwright and Stuart Frost are quitting the firm to join RWC Partners.
OFT announces crackdown on cash Isa transfers
Changes in the cash Isa market will see maximum transfer times cut from 23 to 15 days.
GLG's White dismisses double-dip recession concerns
GLG head of UK equities John White has dismissed fears of a double-dip recession.
SVM UK 100 select fund to rebrand as UK growth
SVM Asset Management is rebranding its UK 100 select fund as UK growth.
FSA cracks down on arrears and sale and rentback
The FSA has set out new rules to protect borrowers in arrears and customers of sale and rentback firms.
OBR forecast too optimistic
FSA chief warns on insider dealing
Sants warns that the shake-up of financial regulation must not undermine the UK's tougher approach on insider dealing and mistreating of customers.
BUDGET: VAT to be increased to 20 per cent
The rate of VAT is to hiked from 17.5 to 20 per cent from Janaury 4, 2011.
Corporate bond price is right, says Pattullo
Henderson head of retail fixed income believes corporate bond funds are now priced attractively despite money leaving the sector.
Corporate casualties
Ucits IV feeder switch could cut UK fund jobs
Introduction of Ucits IV could see hundreds of job losses in the UK asset management industry.
Tenet launches new service for smaller pensions
BP scraps dividend until 2011
Oil giant cancels dividend after agreeing £13.5bn payout.
Perspective acquires Wingham Wyatt
IFA consolidator Perspective Financial Group has confirmed the acquisition of Wingham Wyatt.
Jupiter to float at the lower end of price range
Jupiter Asset Management has announced that shares in its London listing have been set at 165p.
UK inflation falls to 3.4 per cent
UK inflation has fallen to 3.4 per cent in May, down from the 17 month-high of 3.7 per cent in April.
Maguire hits back over blame for cru debacle
Cru founder Jon Maguire says people who blame him for the Arch cru fund debacle are ignorant of the facts.
Bestinvest warns L&G pricing rethink will hike up fund costs
BP concern could drive investors further afield
Bestinvest warns L&G pricing rethink will hike fund costs
Founder John Spiers slams L&G for introducing a new pricing structure he says will add more than 5 per cent to some fund costs.
EU finance watchdog will not force bank bailouts
EU internal markets commissioner Michel Barnier says he will not force bank bailouts.
F&C loses commercial property trust contract
F&C has been served notice from the board of the F&C commercial property trust ahead of a proposed merger with Ignis Investment's UK commercial property trust.
Liontrust appoints Nick Wells as a consultant
Liontrust has appointed former Artemis director Nick Wells as a consultant for business development.
Prudential bosses apologise for failed AIA bid
Chief executive Tidjane Thiam and chairman Harvey McGrath say sorry to shareholders over the AIA deal collapse.
Invesco sees value in China
£14bn in the drop zone
Poor performances earn red cards for Luckraft and Walker
George Luckraft and Martin Walker are two of the leading fund managers to fall into Chelsea Financial Services' latest relegation zone.
Be prepared
Littlewood slashes cash weighting in strategic assets fund
Artemis strategic assets fund manager William Littlewood has halved the cash weighting in his fund in a bid to take advantage of market falls.
Artemis UK growth fund to add shorting strategy
Artemis UK growth fund manager Tim Steer is planning to start shorting stocks in his £322m fund next month.
Lehman sues JPMorgan for billions in damages
Lehman Brothers Holdings is suing JP Morgan Chase after claiming the US bank "siphoned off" billions of dollars ahead of the firm's collapse in 2008.
'Rating agencies as helpful as yesterday's weather forecast'
Whitten quits First State for career break
First State head of global resources resigns
First State head of global resources David Whitten is leaving the firm after 13 years to take a career break.
FTSE makes early gains
The FTSE 100 broke through the 5,000 barrier this morning, having risen more than 1 per cent in early trades.
FTSE plummets below 5,000 again
The FTSE 100 fell below 5,000 for the second time in three trading days as fears that the eurozone crisis would spread resurfaced.
Swip appoints head of marketing weblink
Scottish Widows Investment Partnership has appointed Tracy Fennell as head of marketing.
Control issues
PSigma bolsters UK team
PSigma Asset Management has appointed Eric Moore to join its UK team.
Rambourg return fails to rally investors
Multi-managers want to see if there are further changes on the European desk.
Steer clear of UK, Artemis fund manager warns
Yearsley surprised at speed of Jupiter float
FTSE falls below 5,000
European debt crisis fears sees FTSE 100 fall through the 5,000 barrier for the first time in over six months although it finishes the day at 5062.
Trustnet aids advisers with asset manager factsheets
FSA fines market trader £2.8m for market abuse
The Financial Services Authority has fined Simon Eagle £2.8m for deliberate market abuse and banned him from working in financial services.
IMA says Ucits IV package adds to burden
Man Group takes over GLG in £1bn deal
Purves and Lance quit Schroders to join RWC
Tenet/Leeds City College exam aims to attract new blood
Fidelity appoints Campbell as head of UK retail marketing
Fidelity International has appointed former Invesco Perpetual stalwart Alistair Campbell as head of UK retail marketing.
Former Skandia CEO Jamie MacLeod to join Berry Asset Management
Former Skandia chief executive officer Jamie MacLeod is to join wealth manager Berry Asset Management.
Purves and Lance quit Schroders for RWC
Schroders income fund managers Nick Purves and Ian Lance have quit the firm to join investment boutique RWC Partners
Tenet/Leeds City College exam aims to attract new blood
Tenet has teamed up with Leeds City College to launch a QCF level-five foundation degree for students wanting to become IFAs.
Man Group to acquire GLG Partners
Man Group is to acquire GLG Partners in a deal worth £1.1bn.
Passive funds fail to ignite
Stevens quits F&C after five years
Thames pair seeds Asian income fund
Eight banks face US investigation
Eight banks are being investigated in the US over the rating of their mortgage products.
Can Brazil stand alone?
CarVal deal on Lifemark could mean 14-year wait to recover investments
De Blonay cutting euro exposure on financial opps fund
Four more quit Swip to join Currie emerging team
Ions takes over from Legge at Liontrust
Schroders launches second fund on GAIA platform
Schroders has teamed up with Sloane Robinson to launch a second fund on its Global Alternative Investor Access platform.
IMA highlights concerns on Ucits IV and AIFM directives weblink
The Investment Management Association has slammed the pending Ucits IV package, claiming the improvements are much smaller than initially thought.
Mike Godfrey leaves Bluefin
Mike Godfrey has quit his role at Bluefin Advisory Services after three years with the firm.
UK unemployment increases to 2.5 million
The number of unemployed people in the UK has reached its highest level since December 1994.
Anja Balfour quits Axa Framlington
Axa Framlington Japan fund manager Anja Balfour has left the firm following a reorganisation of the Japanese equities team.
FTSE rebounds strongly on EU loan deal
Shares in the FTSE 100 rise over 5 per cent after European agreement over £635bn loan guarantee package to stop Greece's debt crisis spreading.
Rathbones launches two multi-asset funds
Rathbones Unit Trust Management has launched two multi-asset funds which aim to produce targeted absolute returns.
Networks face future of consolidation
FTSE flounders as UK wakes to hung parliament uncertainty
The strong chance of a hung parliament and falls in both the US and Asian markets saw a sharp fall in the FTSE 100 this morning.
Liontrust co-founder Nigel Legge stands down
Liontrust co-founder and chief executive Nigel Legge has quit his role as chief executive.
The impact of a hung Parliament for markets
F&C director of UK strategy Ted Scott says the UK risks losing its AAA rating status if it does not offer a credible plan to tackle the high budget deficit following the election.
Schroders aims for income maximiser hat-trick
Firm is looking at third maximiser fund with the US and Europe two potential targets.
Rambourg back with Gartmore as an analyst
Thames River brand to stay if F&C deal goes ahead
The big spring clean
Martin Currie poaches emerging markets quartet from Swip
Martin Currie has poached four more members of Scottish Widows Investment Partnership's global emerging markets desk as it continues to build its own capability in the region.
Bill Mott - UK economy set for long struggle
PSigma income manager Bill Mott believes the UK is set for a "tough but not impossible" economy with anaemic growth.
S&P warns on F&C credit position
Standard & Poor's has put F&C's credit position on watch over concerns over the firm will be highly leveraged should the deal with Thames River be completed.
GLG set to close UK alpha select fund
GLG is to close the Ucits III version of its UK alpha select fund on May 5, 2010, after the fund reached its asset target of £195m.
RBS chairman admits bankers are overpaid
Royal Bank of Scotland chairman Sir Philip Hampton has admitted that too many bank employees are overpaid.
Argonaut Russ wants Euro income sector
Argonaut partner Olly Russ says there are now enough funds in the market to merit the Investment Management Association launching a European income sector.
Artemis fund ratings cut over SmartGarp problems
Europe splits on the north-south divide
Cazenove offers choice of charges
GDP rises by just 0.2% in first quarter
Hargreaves stepping down as chief executive
Head of compliance leaves Gartmore
MC Trustees sets up first Malta Qrops
More fund mergers for Henderson
Mustoe in for Yerbury as CIO at Perpetual
Venture trusts double take to reach £340m
Gartmore head of compliance leaves firm
F&C set to acquire Thames River Capital weblink
F&C Asset Management is set to buy investment boutique Thames River Capital in a deal worth up to £53.6m.
Henderson unveils raft of fund changes
Henderson has unveiled a raft of mergers across its UK equity and multi-manager ranges following the acquisition of New Star Asset Management last year.
Peter Hargreaves to step down as Hargreaves Lansdown chief executive
Peter Hargreaves is to step down as chief executive of Hargreaves Lansdown later this year.
Schroders - Expect VAT to rise to 19 per cent
Schroders European economist Azad Zangana expects VAT to rise to 19 per cent after the general election.
LGT Capital Partners set for Ucits III fund launch
LGT Capital Partners is to launch a Ucits version of its crown managed futures fund.
Property goes with the flow
MC Trustees launch QROPS in Malta
MC Trustees Limited is launching what it believes is the first QROPS based in Malta.
Dampier baffled by popularity of 'boring' property
LibDem surge could boost gilt yields
Offshore fund influx could mean absolute sector split
Tenet adds RDR support programme
Action group to fight FSCS
AWD Chase de Vere aims to add 30 advisers
VCTs raisings hit £340m weblink
Venture Capital Trust have raised a total of £340m in the last tax year, more than double the amount raised in the previous tax year, according to figures from the Association of Investment Companies.
Goldman trader Fab removed from FSA register
The bond trader at the centre of the Goldman Sachs fraud case has been removed from the FSA register.
IMF calls for two new global bank taxes
The International Monetary Fund is set to call for two new bank taxes to compensate taxpayers for money lost in the credit crunch.
Hargreaves Lansdown Isa sales double
Hargreaves Lansdown new Isa sales double from £412m to £812m.
IMA urged to set up SRI fund sector
UK income losing out to global funds
Keydata action group calls for judicial review of the FSCS
Keydata action group Keydatavictims calls for non-Isa investors to unite to launch a judicial review of the FSCS's position on compensation.
Bolton hails £460m China fund launch
Ex-Schroder star Clough joins Japan specialist Morant Wright
Morningstar in £12m deal for Old Broad St
Ex-Schroder Tokyo star Clough returns to fund management
Former Schroder Tokyo star manager Denis Clough has joined Morant Wright.
Lib Dems call for 'Big Bang' on banker bonuses
The Liberal Democrats have called for a ban on banker bonuses of more than £2,500 as part of their plans to shake-up City pay.
Tories plan to fast-track inquiry to sell state bank stakes
A Conservative government may fast track bank inquiry in bid to sell state bank stakes.
Over-50s bring an Isa boom as sales double
Succession appoints quintet
IFA consolidator Succession Advisory Services has made five senior appointments to its team as it looks to speed up its transition programme.
Super charge
Vanguard may pass on reserve tax cut
The firm could cut the 0.5 per cent up-front fee on its passive UK equity and UK equity income funds.
Fidelity appoints L&G's Ben Waterhouse as head of UK wholesale sales weblink
Fidelity has appointed Ben Waterhouse as head of UK wholesale sales.
Firms wait for Gartmore details
Gartmore reveals more details on SEC inquiry
Gartmore has revealed that the investigation by the US Securities and Exchange Commission is for a single inadvertent breach made in May 2009.
Towry Law granted interim injunction against former Edward Jones advisers
Towry Law has been granted an interim injunction against six former Edward Jones advisers.
Bankers press UKFI to issue Lloyds and RBS convertible bonds
Bankers are calling on UK Financial Investments to consider a convertible bond for Government-held stakes in both Lloyds and Royal Bank of Scotland ahead of next month's election.
Ignis set to offer absolute fund
New shores
Schroders considers clean fee share class
Schroders is looking at introducing a clean fee share class for its funds on platforms.
Hargreaves Lansdown suspends Rambourg fund from Wealth 150
Hargreaves Lansdown has withdrawn the Gartmore European absolute return fund from its wealth 150 following the suspension of fund manager Guillaume Rambourg.
Chelsea FS drops Jupiter income from leaders list
IMA urged to add sectors after bringing in offshore funds weblink
Roger Guy slams "excessive" Gartmore rules for Rambourg suspension
Gartmore star fund manager Roger Guy has slammed the firm for its "excessive" internal compliance rules, which he says led to the suspension of co-manager Guillaume Rambourg.
Gartmore suspends Rambourg in trading probe
Regulator probing volume override deal
Consumer Focus group issues super-complaint to OFT over cash Isa market
The Consumer Focus group has issued a super-complaint to the Office of Fair Trading about the poor state of the UK cash Isa market.
Rambourg investigated over broker favouritism - reports
Gartmore is probing star manager Guillaume Rambourg for favouring certain brokers when carrying out dealings, reports suggest.
Gartmore suspends fund manager Guillaume Rambourg
Gartmore has suspended fund manager Guillaume Rambourg pending the outcome of an internal probe regarding breaches in directing trades.
Veritas bolsters global team
Veritas Asset Management has appointed Neil Cooper as senior analyst for the global team.
RDR: FSA investigates platform incentives breach
The FSA says it is currently looking into a potential breach by a firm of its incentives rules.
RDR: FSA pushes platforms to unbundle charges
Perspective acquires Chessman & Partners
IFA consolidator Perspective Financial Group has made its second acquisition in 2010 after buying Chessman & Partners.
Risk fears at Aim link for Isas
BUDGET 2010: AIC welcomes plans to review tax legislation on investment trusts
The Association of Investment Companies has welcomed the announcement that the Government intends to review the tax legislation for investment trust companies.
BUDGET 2010: Experts query Isa increase
Advisers and industry experts have questioned the decision by Chancellor Alistair Darling to increase the Isa allowance in line with inflation.
BUDGET 2010: IMA welcomes plans to improve competitiveness of UK funds
The Investment Management Association has welcomed plans to improve the competitiveness of UK domiciled funds.
BUDGET 2010: Darling expected to freeze income bands in 'stealth tax'
Millions set for higher income tax bills as the Chancellor plans to freeze all income tax bands.
IFA network launches new website
IFA network Financial Advisor has launched a new website designed to offer unbiased reviews and information on the financial advisers in the UK.
IMA set to admit offshore funds to sectors
The Investment Management Association has announced that it is to include a number of offshore funds within its sector classifications from April 1, 2010.
Fidelity CIO Nicky Richards resigns
Fidelity International chief investment officer Nicky Richards is leaving the firm after four years.
Axa IM to bring US fixed income fund to market
Axa Investment Managers is planning to launch its US short duration high yield fund into the UK market, subject to regulatory approval.
Lloyds set to sell St James's Place stake
Lloyds Banking Group is looking to offload some or all of its 60 per cent stake in St James's Place this week, according to a report in the Independent on Sunday.
Opening the floodgates
Aviva enters Indonesian insurance market with joint venture
Aviva has entered the Indonesian insurance market after acquiring a 60 per cent stake in PT Asuransi Winterthur Life Indonesia.
Bestinvest picks new leaders
Death of Sir Brian Pitman
China syndrome
Henderson confirms rebrand of New Star funds
Henderson has finally confirmed that it is to drop the New Star name from its branding.
Spiers steps back again as Bestinvest appoints new chairman and chief executive
John Spiers is to step down from the helm of Bestinvest for the second time after the group appointed a new chairman and chief executive.
Former Lloyds TSB boss Sir Brian Pitman dies aged 78
Former Lloyds TSB boss and chairman of Virgin Money Sir Brian Pitman has died aged 78.
Woodford funds back on top form
Aberdeen switches from Europe to US
Aberdeen multi-manager duo Graham Duce and Aidan Kearney have dropped their exposure to Europe across the fund range, citing concerns over the markets and currency.
Regulators and ombudsman propose new protection committee
The Financial Services Authority, the Office of Fair Trading and the Financial Ombudsman Service have proposed the creation of a new consumer protection committee.
Former Liontrust stars set up boutique
Insight shutting two funds
Winterflood appeals against £4m FSA fine
Winterflood Securities has challenged the FSA in the Court of Appeal over a £4m fine received from the regulator in 2008.
Lang and Pattisson set for boutique launch
Former Liontrust star managers Jeremy Lang and William Pattisson are to launch their own asset management boutique this autumn.
Isa breakers
Insight to close UK small cap and evergreen funds
Insight Investment is to close its UK small cap and evergreen funds after a number of principal investors chose to redeem their holdings.
UK bonus supertax set to net £2.5bn
The banker bonus supertax is set to pull in a total of £2.5bn for the Treasury, a survey by the Financial Times has found.
Jupiter looks at potential flotation
Jupiter Asset Management has sought an amendment to its £375m loan documents, paving the way for a possible initial public offering.
Fidelity's share buying move could stop the stags
Vanguard looks to boost index trackers
Capita set for admin sale as it sets aside £30m for Arch cru
FSA alert over abroad fraud web grabbers
New Star acquisition helps Henderson back into black
LaSalle Investment Management appoints European MD
LaSalle Investment Management has appointed Susan Lloyd-Hurwitz to the new role of managing director, Europe.
Aegon targets pension funds with active property launch
Aegon Asset Management is targeting pension funds with the launch of a value property fund that will offer an initial projected yield of 7 per cent.
AWD Chase de Vere plans £1.4m investment to boost client offering
AWD Chase de Vere has appointed Focus Solutions to provide software support to bolster adviser efficiency and its client service proposition.
Jupiter poaches Investec's Tevenan for new sales role
Jupiter Asset Management has hired Investec's John Tevenan as sales director for global financial institutions.
Evercore launches first funds for the retail market
Evercore Pan Asset Capital Management has launched its first set of funds for the retail market.
Barings appoints head of Latin American equity
Barings Asset Management has appointed Roberto Lampl as head of Latin American equity.
Adviser concern at Aviva property offer
An adviser has slammed Aviva Investors for drumming up business in its flagship property trust despite a large majority of the fund being held in cash.
Fidelity adds provisos to China performance fees
'Over-regulation is putting small-cap stockbrokers out of business'
Wills & Co Financial Group founder and chief executive Peter Shakeshaft has slammed the FSA for over-regulation of the small-cap investment market.
FSA issues share scam warning
The Financial Services Authority has issued a warning over an increase in overseas fraudsters selling shares by imitating FSA authorised firms and individuals.
Dog daze
Henderson moves back into profit
Henderson Group has unveiled a £15.5m pre-tax profit in 2009 despite an 8 per cent fall in its recurring profit before tax.
Charles Stanley eyes up Chartwell Direct
SJP heaps pressure on Lloyds to sell stake
Bumper results and shareholder concerns may see Lloyds sell the wealth fund manager.
Second best
Remuneration rejig at Hargreaves Lansdown
The stags are out for Bolton's fund
Investment trust experts believe investors may look to make quick profit from Anthony Bolton's new China offering.
China fund could be the biggest-ever opener for a trust
Moneygate cools on A2O deal as other firms move in
A2O sale fails over liability concerns
The administrator for Alpha 2 Omega says it has failed in its bid to secure the sale of the adviser network due to liability concerns.
Hargreaves Lansdown drops Skandia UK best ideas from Wealth 150
Hargreaves Lansdown has dropped Skandia's UK best ideas fund from its Wealth 150 range.
FSA bans mortgage broker for failing to prevent fraud
The Financial Services Authority has banned a London-based mortgage broker for failing to prevent his business being targeted by mortgage fraudsters.
FSA takes property company to court on rule breaches
The Financial Services Authority is taking a billion-pound company to court over charges that they breached rules on corporate takeovers to the regulator.
Back and beyond
Moneygate: A20 deal "unlikely"
Moneygate chief executive Lee Hartley says a deal for network Alpha to Omega is now unlikely despite a third offer for the business remaining on the table.
Swip looks to improve flexibility of property fund
Scottish Widows Investment Partnership is looking to widen the investment remit of its £1.5bn property trust.
£630M aim for Bolton China fund
Dividends down 15% in 2009 but 5% rise forecast for this year
Liontrust plans £2.5m cuts as duo join to turn round outflows
Moneygate tipped for A2O deal
Members look for last minute A2O buyout
Appointed representatives from Alpha to Omega are planning a late bid to snare the network from Moneygate.
Hargreaves Lansdown pre-tax profits up 9%
Net business flows and assets under administration jump more than 50 per cent.
Moneygate frontrunner to acquire A20
North East IFA network Moneygate has emerged as frontrunner to acquire Alpha to Omega, this week's Money Marketing reveals.
Bolton China fund set to raise £630m
Fidelity plans an initial capital raising of £630m for Anthony Bolton's China special situations investment trust.
Tenet sees profits slashed
Tenet Group has seen its pre-tax profits slashed to £1m in the 12 months to September 30, 2009.
Deutsche Bank sets aside £196m for UK bankers' supertax
Deutsche Bank has revealed that it has set aside £196m towards the payment of a UK "supertax" on bankers bonuses.
Henderson is leaning towards tilted trackers
Liontrust sees further outflows and reveals cost-cutting measures
Liontrust Asset Management is to embark on a cost-cutting exercise in view of its current funds under management.
Dampier concern over investment trust choice for Bolton China fund
Santander UK profits up 30%
Santander has revealed its UK profits have risen over 30 per cent in 2009.
Lawyer claims A2O is being packaged to sell with reps
Aberdeen merging UK and Euro funds
Lawyer claims A2O is being packaged to sell with reps
A law firm representing members of Alpha 2 Omega has raised concerns that administrators are trying to "pre-pack" the business and sell it on.
FSA bans and fines hedge fund manager for 'mis-marking'
The Financial Services Authority bans BlueBay Asset Management's Simon Treacher for 'mis-marking'.
SIG drops trio from UK best ideas fund
Skandia Investment Group has removed a number of managers from its UK best ideas range, including Jupiter income guru Anthony Nutt.
Aberdeen to merge away UK and European opps funds
Aberdeen is merging away its UK and European opportunities fund in a bid to improve the efficiency of its range.
Artemis set for buyout
Artemis Investment Management is set to be bought by its senior management and US fund house Affiliated Managers Group.
AWD appoints head of development and training
AWD Chase de Vere has appointed Carl Pimlott as head of professional development and training.
Santander expands portfolio range weblink
Santander Asset Management has launched a sterling corporate bond fund and and an enhanced income fund to sit within its portfolio investments range.
New Star funds look to Russia and Africa
Henderson has ramped up exposure to Africa and Russia with its New Star fund of funds range.
Michael Bolton joins Clayton Euro Risk in sales and marketing role.
Ex-Edeus chief executive officer Michael Bolton has joined Clayton Euro Risk as director of sales and marketing for Europe.
Alpha 2 Omega goes into administration
Investors reject Gartmore Japan funds' merger
Newton and Standard funds fall off white list
HSBC looks at passive offering for Openfunds
HSBC Global Asset Management is looking to add a passive offering to its Openfunds multi-manager range.
Fidelity confirm Bolton's China fund will be investment trust
Fidelity has opted to structure Anthony Bolton's forthcoming China fund as an investment trust.
Gartmore bolsters distribution team
Gartmore has appointed Richard Turner as account director for its UK retail distribution team.
A20 goes into administration
IFA network Alpha to Omega has been placed into administration, Money Marketing can reveal.
Dampier repeats concerns over closed-ended launch for Fidelity's Bolton
Hargreaves Lansdown head of research Mark Dampier has reiterated his concerns over Anthony Bolton's new China fund launch being offered in a closed-ended structure.
Fidelity suspends two fund managers for "violations"
Fidelity confirms two fund manager suspensions in Hong Kong over a potential breach of its internal code of conduct.
AWD Chase De Vere appoints ex-Towry Law marketing head
AWD Chase De Vere has appointed Patrick Connolly as its head of communications.
JLT completes acquisition iimia Wealth Management
JLT has completed the acquisition of iimia Wealth Management in a £7.25m deal.
Growing pains
Grey day for Newton and Standard Life equity income funds
Principal Investment Management has relegated Newton higher income and Standard Life UK equity higher income from its white list of funds.
FSA suspends A2O from all regulated activities
The FSA has suspended Alpha 2 Omega from all regulated activities until it addresses concerns around compliance arrangements.
Aberdeen looks to switch fund back into UK equity income sector
Aberdeen co-head of multi-manager Aidan Kearney says the firm is likely to ask the Investment Management Association to move its UK income fund back into the IMA UK equity income sector in March.
Ucits III is chance to redefine balanced managed
Swip multi-manager head of distribution Bernard Henshall says the Ucits III rules should be an opportunity for fund managers to redefine the balanced managed sector.
Aldermore launches fixed rate Isas
Aldermore hasn entered into the fixed rate Isa market with the launch of three new products.
St. James Place reveals strong business flows in Q4
St James Place has revealed a 50 per cent increase in total single investments for the final three months of 2009.
A20 is told to stop business on some funds
Bestinvest buys Haines Watts
Gold guru Birch quits BlackRock
Prudential launches five multi-asset funds
Prudential has launched five risk-rated multi-asset funds in partnership with Old Broad Street Research.
Geffen slams Kraft takeover bid
Neptune founder claims deal is bad for all involved.
Marshall Wace set to enter ETF market
Marshall Wace is set to launch a publicly listed exchange traded fund to track its Tops fund strategy.
Ignis appoints Tim Roberts as chief operating officer weblink
Ignis Asset Management has appointed Tim Roberts as chief operating officer.
Henderson to re-open New Star international property fund next month
Henderson is to re-open the New Star international property fund on February 12, 2010.
IMF head warns of 'double-dip' for global economy
The International Monetary Fund head has warned that the global economy could experience a 'double-dip' recession.
Bestinvest acquires financial services arm of Haines Watts
Bestinvest acquires HW Financial Services bolstering the group's total client assets over £4bn.
Graham Birch quits BlackRock
Gold specialist Graham Birch has decided to quit BlackRock after taking a sabbatical from the firm.
Charles Stanley appoints head of new fund sales and distribution
Charles Stanley has appointed Andrew Atkins as head of new fund sales and distribution.
Only one fund fails income yield sector marker
Advisers say the IMA UK equity income and growth sector is pointless.
FSA restricts A2O on pensions and investment new business
'Bring in ISO to develop fund classifications'
Syndaxi Chartered Financial Planners managing director Rob Reid wants the Investment Management Association and the Association of British Insurers to work with ISO to improve fund classifications.
Aberdeen gets alternatives' boost in £84m deal with RBS
Mott is hungry for a return to nifty 50
Impasse over cru documents
Fatchett and Maguire in deadlock
Dalton to launch European absolute return fund
Dalton Strategic Partnership is planning to launch a Ucits III mirror of its offshore Melchior European hedge fund next month.
PSigma IM appoints Tom Becket as CIO
PSigma has appointed Tom Becket as chief investment officer and Tim Gregory as head of global equities.
Axa Framlington appoints Dan Harlow to UK equities team
Axa Framlington has appointed Dan Harlow as a portfolio manager in its UK equities team.
Veteran Asia fund manager Peter Hames to leave Aberdeen
Aberdeen Asset Management head of Asia equities Peter Hames is to leave the firm after 20 years.
Mott: Investors to become 'yield hungry'
PSigma income manager Bill Mott says investors will become yield hungry in the next 12 months as the 'nifty fifty' market returns.
Japan could be a surprise success
Skerritt Consultants head of investments Andy Merricks believes that Japan could be one of the surprise investment successes of 2010.
Maguire launches action group and on brink of bankruptcy
Cru founder Jon Maguire is setting up his own action group to tackle what he alleges has been the mis-management of the Arch-cru fund range.
Aberdeen agrees £85m deal with RBS for asset management arm weblink
Aberdeen Asset Management is to pay Royal Bank of Scotland £85m for around half of its asset management business.
Potter says funds turned into closet trackers to boost returns
Threadneedle promotes Leigh Harrison and appoints trio of fund managers weblink
Leigh Harrison to become head of equities as Threadneedle boosts UK desk with the appoointment of Simon Brazier, Richard Colwell and James Thorne.
Iceland's president defends repayment decision
Iceland's president Olafur Ragnar Grimsson defends move to block repayment deal amid concerns over diplomatic repercussions.
Rathbones appoints Mike Webb as chief exec of unit trust business
Rathbones appoints Mike Webb as chief executive of its unit trust business, replacing the retiring Peter Pearson Lund.
Maguire resigns as Africa Invest chief exec
Jon Maguire has resigned as chief exec of Africa Invest.
Court ruling gives advisers Arch hope
A recent county court judgment between John Petrie and Standard Life may offer advisers hope over investments into the Arch cru fund range.
Swip appoints Mark Connolly as director of fixed income weblink
Scottish Widows Investment Partnership has appointed Mark Connolly as director of fixed income.
Control centre for client cash
Pimco warns of rating downgrade if Labour fails to act
Pimco warns there is an 80 per cent chance of a downgrade for Britain if Labour fails to act on public debt.
Standard Life appoints managing director for global equities
Standard Life appoints Steve Weeple as managing director for global equities.
Credit Suisse hit with £14.9bn property lawsuit
Credit Suisse has been accused of running a "predatory" loan-to-buy scheme that allegedly defrauded investors.
Liontrust appoints Adrian Collins as chairman
Adrian Collins replaces Bernard Asher as non-executive chairman of Liontrust.
Goldman Sachs reviews London operation
Bank to review operation following increased regulation on bankers.
Hedge fund manager to net £1.5bn from battered banks
US manager invests at low point to make massive return.
S&P downgrades British banks
Security on a par with Austria, Chile and Portugal.
Threadneedle confirms Simon Brazier appointment
Brazier to be co-head of UK equities at Threadneedle.
Fund manager Simon Brazier leaves Schroders
Schroder UK equity fund manager quits firm after 11 years.
Jupiter to launch European absolute return Sicav
New fund set for launch in January 2010.
Skandia Investment Group makes senior redundancy
Skandia Investment Group head of open-architecture has been made redundant.
AWD Chase de Vere appoints Stephen Kavanagh as CEO
AWD Chase de Vere appoints Stephen Kavanagh as chief executive officer.
Dampier expects Bolton fund to stay open
Aviva's Europe property back to trading
FOS rules Arch Cru too risky
FOS upholds complaint against adviser over investment in CF Arch cru investment portfolio.
The best and worst fund performers in 2009
Close Investments leads the way as almost 95 per cent of funds produce positive returns.
Richard Romer-Lee
Aviva re-opens European property fund
Aviva resumes trading on property fund after 13 months.
FOS rules against adviser over Arch cru fund recommendation
Financial Ombudsman Service rules against adviser who placed £100,000 investment for 'low to medium' risk client into CF Arch cru investment portfolio.
Gibbs' funds raise £342m in pre-launch period
Assets raised include £153m worth of switches from Jupiter financial opportunities fund.
T. Bailey plans passive multi-manager fund launch
Fund to invest in international ETFs and trackers.
Perspective acquires Charles Reynolds Associates
IFA consolidator Perspective appoints eleventh firm.
Goldman suspends cash bonuses for top 30 executives
US bank to offer shares vesting over a five-year period instead of bonuses.
Bad debt to hit commercial property sector
Rathbone's chief investment officer Julian Chillingworth believes there is more pain to come for the UK commercial property sector.
Performance is cluster buster for UK equity income sector
Jupiter chief executive Edward Bonham-Carter has rejected concerns of clustering in the UK equity income sector.
AVD to enter UK market in 2010
Capital protected and tax efficient investment provider to enter the UK next year.
Harris will take over Henderson New Star multi range
Henderson New Star's Mark Harris is to take over the multi-manager range from head of equities Bill McQuaker.
Mispricing row after Arch-cru funds fall by £140m
Mispricing row erupts after figures show Arch-cru fund range has lost £140m.
£100M cost of advice to Treasury on £850bn bailout
Bonus taxes won't hit £500m mark
McCarron leaving Fidelity Euro fund
Quality stocks key for Jupiter
Richard Woolnough
IFG Group to buy James Hay for £35m
IFG Group to buy James Hay from Santander for £35m.
PBR: Schroder's Buxton says UK credit downgrade more likely
Buxton says downgrade of UK credit status is more likely as defecit reduction plans are extended.
Specialist property asset manager launches
Asset 1st focuses on offering specialist and valuation services to the UK property market.
Capita to distribute cru assets
Suspension of funds, which have fallen an estimated £140m in value since March, will not be lifted and distribution will take between three and five years.
Arrest made over £20m investment fund probe
A 58-year-old man is arrested in relation to fraud and money laundering offences.
cru cells face further delay
Publication of the net asset value of underlying cru cells set for December.
Former BoE deputy joins GLG
Sir John Gieve to focus on the group's UK equity business
RBS set to back down over bonuses
RBS insider claims pay-outs in the investment division will be "at the low, low end of the scale".
Bank bail out has cost taxpayer £850bn so far
National Audit Office says the Treasury was "justified" in using taxpayers' money to bail out banks.
RBS board may quit if Treasury blocks £1.5bn staff bonuses
Board advised to resign after the Chancellor said the government would have the right to veto bonus amounts.
Tim McCarron to leave Fidelity
Fund manager set to take a career break.
Bonham Carter still wary over commercial property outlook
Death of ex-Cofunds distribution chief Campbell
Decumulate to accumulate
Openwork advisers going off the road for RDR upgrade
1,200 pension and investment advisers to undergo intensive training in multi-million pound upgrade.
Swip to run TU trusts
BlackRock appoints co-manager for UK income fund
Adam Avigdori appointed as co-manager.
Serious Fraud Office in £20m investment fund probe
Serious Fraud Office probes fund promising a guaranteed return of 20 per cent a year.
AIC welcomes proposed changes to the AIFM directive
Trade body is pleased with improved clarity on AIFM for member states.
Schroders calls for focus on post-retirement area
Call for the asset management industry to develop more products for the post-retirement sector.
Schroders' Lynch sees 10-15% fallback
European equity fund manager predicts fallback early next year.
GLG set to offer five absolute funds in UK
Firm to take advantage of new reporting rules to open funds up to the UK market.
Norris for Argonaut UK recovery fund launch
Ignis looks to Argonaut UK launch.
FSA bans mortgage brokers for fraud and governance arrangements
FSA bans broker for fraud and concealing his involvement in running of firm
Adviser fears over Swip bonus ban
Concern expressed over Swip's ability to retain and recruit talented fund managers.
Justin Modray returns with new venture
Ex-Bestinvest adviser returns with consumer website.
Axial comes under Ignis branding
Commercial property revival could be 'wrong sort of recovery'
Langridge guides global fund for Lloyd George
Mott predicts anaemic growth and end to rally
Raiffeisen sees more upside for emerging markets in 2010
Firm sees more growth despite the huge rally seen in 2009.
S&P Fund Services warns of clustering in the UK equity income sector
Group says overlap is concerning a number of leading managers.
First round bids made for RBS Asset Management
Aberdeen, BlackRock, Schroders and Henderson are all believed to have tabled bids.
Axial IM rebrands under Ignis
Axial Investment Management has rebranded under Ignis Asset Management.
Alternative fund clients wary of European directive
Less than 2 per cent of clients believe the alternative investment fund management directive will benefit them.
Aegon links up with Old Broad Street and Mercer
Dog pound
Nine-month fund sales smash record for full year
Restricting the market
Thames River shifts to strategic bonds
Woolley takes over as Polar Capital chief exec Kary quits
Neptune to steer clear of Lloyds and RBS
Neptune founder warns of size and scope of capital raisings.
Mott says market rally is set to end
Income guru says we are set for a square root recovery.
Polar Capital chief executive resigns
Founder Tim Woolley to step into the role.
Nemesis appoints former Lehman Brothers CEO
Rob Sargent joins as head of asset management in the UK.
Aegon launches new investment proposition
Provider launches new range of multi-manager funds.
Aegon AM promotes duo on fixed income range
Buckle and McNeil to take on joint manager role on trio of funds.
IMA calls for further annual increase in Isas for pre-Budget report
Trade body wants to improve the competitiveness of the UK fund management industry.
F&C considers acquisitions
F&C says it would look to acquire after AUM increase of 12 per cent in Q3.
Cofunds confident on deals over fees
Platform predicts deals will be agreed with all larger firms.
More fund mergers in line at Henderson
Firm says it may close or merge up to 10 funds
Aberdeen adds Henderson special sits to constellation fund
Argonaut says cyclicals in a sweet spot
Banks get battering as FSA orders structured review
Industry experts slam banks over structured product sales.
Burden of proof may weigh down emerging markets
China serves up Goldilocks' growth
Jupiter move for De Blonay
New name and aims for New Star Pacific fund
Polar Cap tech added to Jupiter multi worldwide
Guy de Blonay quits Henderson New Star for Jupiter weblink
Financials guru returns to Jupiter in January 2010.
Swip appoints Roger Webb to bond team
Ex-Aviva man to be investment director, corporate bonds.
Collins Stewart launches fund of absolute return funds
Fund to target 6 to 10 per cent per annum.
Emerging markets funds may face EU restrictions
Directive has 'guilty until proven innocent' liability.
Aberdeen reports £300m inflows
Aberdeen Asset Management has announced net inflows of £300m in the last quarter.
ARCH Cru funds suspended due to liquidity problems