Fidelity International has suspended two senior fund managers in Hong Kong over a possible breach of its internal code of conduct.
The UK economy has emerged from recession, with the latest data showing growth of 0.1 per cent during the last quarter following a period of economic contraction which lasted six consec- utive months.
Fraud costs the UK financial services industry £3.8bn a year, according to estimates from The National Fraud Authority. The overall cost of fraud to the country is over £30bn a year. The data, which the NFA claims is far more comprehensive than the last widely accepted figure of £13bn in 2007, shows that £15.2bn is […]
The ABI is calling for a more competitive and business friendly tax environment for multinationals in the UK. It says that more insurers may move their business overseas unless conditions improve.
Pension Protection Fund chair Lawrence Churchill has been appointed chair designate of the trustee corporation which will run the National Emp-loyment Savings Trust.
‘Work like a dog day’ recognises the hardest-working people. On this day, employers show their appreciation for all of their employees who carry the heaviest workloads.
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]