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Bolton China fund set to raise £630m
Fidelity plans an initial capital raising of £630m for Anthony Bolton’s China special situations investment trust.
Hector Sants to step down from FSA
Hector Sants is set to leave the FSA in the summer, after three years as chief executive.
Sir Malcolm Williamson appointed as Friends Provident chair
Williamson replaces Sir Mervyn Pedelty who died at the end of last month.
Barclays chief warns against excessive capital requirements
John Varley warns MPs against overly onerous capital requirements and regulation.
Tenet sees profits slashed
Tenet Group has seen its pre-tax profits slashed to £1m in the 12 months to September 30, 2009.
Ex-Thinc advisers launch IFA network
Former Thinc advisers launch IFA network with a flat fee and no contractual ties.
Bonuses hurting pension funds, says Myners
City minister will tell the NAPF to do more to crack down on bonus culture.
MPs slam Treasury secrecy over £18bn to cover BofE loans
Public accounts committee says Chancellor’s failure to notify Parliament was of “significant constitutional importance”.
Tory treasurer under fire for share sell-off
The Lib Dems call for Tory party treasurer Michael Spencer to be sacked.
Remortgaging cheaper than most SVRs, says Moneysupermarket.com
Comparison website says 85 per cent of borrowers on SVR deals are better off switching.
Greek debt fears hit global markets
Mounting fears over Greece’s debt position spilled into global equity markets last week, as share prices in America, Asia and several European countries all fell.
GLG rolls out hedged version of Japan fund
GLG Partners has launched the GLG Japan CoreAlpha Equity fund, a currency-hedged replica of its £698m Japan CoreAlpha fund.
Gartmore newcomer takes active approach to portfolio revamp
Gartmore’s head of Asian equities Jan de Bruijn has revamped two funds he took over since joining the firm from Threadneedle in January.
Economists rain on positive OECD UK results
Former IMF director says the UK is next European country in line for sovereign debt crisis.
NeedAnAdviser.com directors launch referral service
Ashley Clark and Joanne Roberts have launched referrals and compliance portal Advisers United.
Rathbones opens office in Aberdeen
Rathbones increases Scottish footprint with a new office opening.
LV= launches fixed-term annuity
The firm joins Living Time in the temporary annuity market with the launch of its hotly anticipated fixed-term product.
Cleri Med managing director John Van Der Wielen to leave
Van Der Wielen to return to Australia following Lloyds restructure.
Liontrust hires John Ions as head of retail
Former Tactica chief joins to rebuild the business.
UK firms cut dividends by £10bn
UK companies cut dividend payments by £10bn in 2009, according to a report by Capita Registrars.
