Markets

Three-year return drivers

Britain's foreign secretary Philip Hammond has echoed Bank of England Governor Mark Carney's calls for a 'fast' referendum on Britain's place in the EU.

Inflation: The elephant in the room

Economist and creator of the term 'BRICs' Jim O'Neill is to become a Treasury minister in the new government.

Neptune has promoted James Dowey to the role of chief investment officer.

The European Securities and Markets Authority (ESMA) has delayed its review of standards for MiFID II until September, cutting the amount of time the industry will have to assess proposals ahead of implementation.

Sterling has fallen after the Bank of England downgraded its growth forecasts for the UK economy while indicating it could start to raise interest rates in mid-2016.

Morgan Stanley has warned of an approaching 'triple taper tantrum next year if the US, Japan and Europe all taper their monetary policies at the same time.

Royal London Asset Management saw outflows more than double in the first quarter compared to the same period last year, although it reported strong growth in its pensions business.

Ros Altmann has been named as the next pensions minister, replacing Steve Webb.