Regulation

The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

Innovation and competition are at the heart of the UK's vibrant and competitive fund management industry, which is second only to the US.

Asset managers may have to undertake a "root and branch" reassessment of business models amid a wave of European regulation set to trigger "huge upheaval", warns State Street.

Tony Stenning, head of UK retail at BlackRock, looks at the surge of new legislation set to hit UK investors.

Baillie Gifford's James Budden says the RDR is a levelling tool the investment trust sector should welcome.

Jon Pain, formerly managing director of the FSA, will join KPMG as a partner working in its regulatory practice.

China is cutting import tariffs and easing restrictions in an attempt to re-balance its trade policy, says US Treasury Secretary Timothy Geithner.

The recent judgement by the Financial Ombudsman against Meteor may have just looked like yet another ruling against another structured investments provider related to Lehman, but the potential consequences of the ruling could be far wider reaching.

Some of the biggest names in financial services, including Cazenove CEO Andrew Ross and Peter Hargreaves, are calling for a "full and independent" inquiry into the collapse of Keydata to ensure similar failures are avoided in the future.