UK

Baring Asset Management has appointed Nicola Hayes as head of client service and relationship development.

Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.

A wealth manager has launched a platform centered on discretionary fund management that claims to reduce costs for advisers.

Peter Webb, the manager of the two worst-performing funds of 2012, has described his frustrations in trying to sell many of the "illiquid" positions he inherited on the portfolios, and his hopes for a turnaround in performance this year.

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A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.

The Financial Services Bill, which will deliver fundamental reform of financial regulation in the UK, has received Royal Assent.

HMRC has released further guidance on the UK's plans to implement the FATCA tax regime, which begins next year.

Standard Life has won a legal appeal case brought by professional indemnity insurers over a £100m claim relating to losses arising from its Sterling fund.

irms who advised on investments in the CF Arch Cru Investment and Diversified Funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress.