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Suspensions at Fidelity in Hong Kong

Fidelity International has suspended two senior fund managers in Hong Kong over a possible breach of its internal code of conduct.

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0.1% Rise sees UK out of recession

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.

Herdan: ‘Devastating effects’

Fraud is costing financial services £4bn a year

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 […]

ABI in plea for help for multinationals

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.

Churchill to head Nest corporation

Pension Protection Fund chair Lawrence Churchill has been appointed chair designate of the trustee corporation which will run the National Emp-loyment Savings Trust.

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