Industry

The FSA is contemplating a u-turn in how it supervises the retail market as retail MD Jon Pain says it will have an ‘open mind' on regulating products in the future.

Lloyds Banking Group, the part-nationalised banking group, confirmed today that it has gone into talks with the Treasury about changing the terms of its participation in the Government's insurance scheme for toxic assets.

Ignis Asset Management has hired Nick Pogmore as head of strategic alliances to help build links with national IFAs, networks, life offices and fund platforms.

Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.

Impax Asset Management is launching an Asian Environmental Markets investment trust on the main market of the London Stock Exchange.

Wealth manager Brooks Macdonald Group is acquiring Canterbury-based Lawrence House Fund Managers Limited in its first acquisition since listing on Aim in 2005.

Merchant Securities has acquired Belgravia-based IFA and wealth management firm Cavendish Young for a fee of up to £1.3m.

Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.

Morgan Stanley has issued an alert on corporate bonds after an explosive rally, reports the Telegraph.

Warren Buffett's Berkshire Hathaway investment conglomerate has admitted it may have miscalculated the downside risks to the fall of the global markets last year, writes The Telegraph.