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FCA raises concerns over structured products

5 March 2015 10:11 am | By Tessa Norman

Conduct of some structured product firms risks poor consumer outcomes, says FCA. 

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BoE

Fraud office probes BoE over liquidity auctions

5 March 2015 9:25 am | By Sam Brodbeck

The Serious Fraud Office is investigating the Bank of England over liquidity auctions it held during the financial crisis.

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Friends Life profits soar 38% but insurer takes £25m Sesame hit

5 March 2015 9:18 am | By Sam Brodbeck

Annuity sales only down 15 per cent due to guaranteed annuity rates.

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Aviva UK Life profits up 9% despite Budget pensions turmoil

5 March 2015 9:02 am | By Tom Selby

Aviva’s UK Life business has delivered a 9 per cent increase in pre-tax profits for 2014 despite a tumultuous year for pensions.

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Savers could withdraw more than £5bn from pensions in April surge

4 March 2015 4:58 pm | By Sam Brodbeck

Hargreaves Lansdown predicts 400,000 people will access their pension and warns of legal but unregulated firms exploiting savers.

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Lord Rothschild warns investors over 'dangerous' geopolitical tensions

4 March 2015 2:36 pm | By Philip Scott

He says the global backdrop is as dangerous “as any we have faced since World War II”.

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M&G to close £81m Global Real Estate Securities fund

4 March 2015 2:29 pm | By Tom Selby

M&G Investments is winding-up its £81m Global Real Estate Securities fund as it is no longer commercially viable.

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HSBC launches risk-rated range ahead of pension freedoms

4 March 2015 1:09 pm | By Philip Scott

The group’s Retirement Range consists of three risk-rated portfolios; Cautious, Balanced and Dynamic.

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Ashcourt Rowan appoints funds director

4 March 2015 11:59 am | By Philip Scott

Frere-Scott joins the invetsment manager from Mobius Life. 

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L&G shuns non-advised drawdown in pension freedoms overhaul

4 March 2015 10:48 am | By Sam Brodbeck

£10k minimum for cash out and fixed-term annuity options.

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L&G predicts further slump in individual annuity sales

4 March 2015 9:03 am | By Natalie Holt

Insurer’s individual annuity sales have already fallen from £1.3bn to £591m.

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Equitable Life transfers £875m of annuities to Canada Life

3 March 2015 1:46 pm | By Sam Brodbeck

Deal frees up capital for with-profits customers.

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Openwork and Newton join forces on multi-asset income launch

3 March 2015 12:57 pm | By Beth Brearley

The Openwork Group is teaming up with Newton Investment Management to launch a multi-asset income fund.

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Architas eyes pension freedoms with global multi-asset income fund launch

3 March 2015 11:06 am | By Beth Brearley

Architas has launched a global multi-asset fund in response to the continuing demand for income due to low interest rates and the impending pension reforms.

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Barclays chief paid £5.5m as bank sets aside £750m for forex rigging

3 March 2015 8:39 am | By Natalie Holt

Antony Jenkins was awarded bonus of £1.1m on top of £1.1m salary.

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Barings rolls out strategic bond fund

2 March 2015 10:04 am | By Beth Brearley

Baring Asset Management has unveiled a strategic bond fund managed by head of global aggregate Guy Dunham and fixed income investment manager Richard Balfour.

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Tilney Bestinvest veteran defects to former founder's start-up

27 February 2015 5:28 pm | By Michael Berry

Several Tilney Bestinvest investment professionals have resigned and are believed to be joining Bestinvest founder John Spiers’ business.

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US economic growth revised down to 2.2% for Q4

27 February 2015 2:54 pm | By Philip Scott

Slowdown follows an “unsustainable” 5 per cent annualised rise in the third quarter of 2014.

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Old Mutual Wealth posts £227m profit as sales rise 11%

27 February 2015 1:43 pm | By Tom Selby

Old Mutual Wealth has posted a 5 per cent increase in adjusted operating profits, from £217m to £227m, as sales surged to £16bn.

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Miton's David Jane backs European equities despite 'Grexit' worries

27 February 2015 11:38 am | By Philip Scott

The multi-asset manager points out that it is highly unlikely Greece will ever be able to repay its debts.

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Japan’s Nikkei index jumps to 15-year high

27 February 2015 9:43 am | By Philip Scott

Year-to-date the market is up by 9 per cent

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Lloyds to resume paying dividends

27 February 2015 8:42 am | By Philip Scott

Bank confirms it will pay a dividend of 0.75 pence per share in respect of 2014, amounting to £535m.

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Is the 'pensioner bribe' behind £1.3bn fall in fund flows?

26 February 2015 4:00 pm | By Michael Berry

Are pensioner bonds behind the £1.3bn fall in January retail fund flows?

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Old Mutual risk-targeted Spectrum range undershoots volatility and returns

26 February 2015 2:20 pm | By Michael Berry

The £2.25bn Old Mutual Spectrum range of risk-targeted funds has undershot volatility benchmarks and FE’s risk-targeted sectors since launch.

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L&G plans fixed-term annuity launch

26 February 2015 11:00 am | By Sam Brodbeck

Legal & General is to launch a new fixed-term annuity to help savers limit the income tax they pay when accessing their pensions after April.

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January retail fund flows crash more than £1.3bn to £320m

26 February 2015 10:24 am | By Michael Berry

Net retail sales slumped more than £1.3bn last month, with net retail sales totalling just £320m, according to the latest Investment Association figures.

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SFO launches criminal investigation into green investments

26 February 2015 9:09 am | By Devraj Ray

Global Forestry Investments and Global Forex Investments promised returns of 10 per cent from investments in teak plantations.

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Old Mutual Wealth completes Quilter Cheviot acquisition

25 February 2015 1:42 pm | By Tessa Norman

Wealth manager has £16.7bn funds under management. 

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Fidelity's Nicholls buys 'hated' Chinese property for Special Sits trust

25 February 2015 12:15 pm | By Michael Berry

Fidelity China Special Situations manager Dale Nicholls has been buying “the most hated asset class in the world”: Middle Kingdom property companies.

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Asad Bhatti named deputy on Invesco Perpetual High Yield

25 February 2015 11:15 am | By Philip Scott

Asad Bhatti has been appointed deputy fund manager of the Invesco Perpetual High Yield Fund where he will join the group’s co-heads of fixed interest, Paul Causer and Paul Read in the management of the portfolio.

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Strawberry Invest launches managed portfolios service

25 February 2015 11:01 am | By Philip Scott

Direct-to-consumer platform Strawberry Invest has launched a managed portfolios service which investors can access provided they pay in £100 a month.

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China's manufacturing sector edges back into growth territory

25 February 2015 9:40 am | By Philip Scott

February’s flash HSBC/Markit manufacturing PMI increases to 50.1, taking the sector to a four-month high.

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FTSE 100 posts new record at 6,949

24 February 2015 5:11 pm | By Michael Berry

The FTSE 100 has finally beaten its 1999 record, closing today at 6,949.63

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Cherry picking and systemic weaknesses: Why Aviva Investors was fined £17.6m

24 February 2015 2:14 pm | By Tessa Norman

Aviva Investors’ systems were open to abuse by traders, regulator finds. 

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Missed profits and regulatory pressures wipe £5bn off HSBC market value

24 February 2015 9:10 am | By Devraj Ray

The bank yesterday announced a 17 per cent fall in pre-tax profits for 2014.

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Nutmeg sets personal pension charges starting at 0.3%

23 February 2015 10:25 am | By Sam Brodbeck

Discretionary manager launches personal pension with £5,000 minimum investment.

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FTSE 100 beats its closing record but still chasing intra-day high

23 February 2015 8:47 am | By Michael Berry

After more than 15 years’ waiting, the FTSE 100 has passed its record close this morning, trading at 6,940.

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Government borrowing surplus hits 7-year low in January

21 February 2015 1:59 pm | By Philip Scott

Government accounts show a surplus of £8.8bn lst month.

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Latest Eurozone PMIs suggest slow recovery is dragging on

21 February 2015 10:14 am | By Philip Scott

PMI rises for a third consecutive month across the currency bloc.

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Standard Life pays out £17m refund to with-profits fund

20 February 2015 8:53 am | By Natalie Holt

Provider is also expecting to annuity profits this year to fall by up to £15m.

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