News

Smaller fund firms have been left in limbo as delays in finalising dealing commission regulations leave them unsure of the future of their businesses.

TwentyFour Asset Management's UK Mortgages investment trust has raised £250m during its initial public offering.

The Chancellor George Osborne is set to confirm an increase in the inheritance tax (IHT) threshold to £1m per couple in this week's Budget.

The FTSE 100 has fallen again on news of Greek voters' decisive referendum rejection of creditors' demands - but the resignation of Athens' finance minister Yanis Varoufakis has helped stem losses.

M&G fixed income manager Mike Riddell is to leave the firm he joined in 2003 in order to pursue another opportunity.

Marketing and Innovation winners revealed

Former Old Mutual bond manager Stewart Cowley has launched a new venture providing investment advice and portfolio management to advisers and fund groups.

Investment trusts allocating to UK equities benefitted from an election-fuelled bounce which helped them top the performance tables in Q2, according to data from broker Winterflood.

Shares in RBS fell by over 2% this morning as it emerged the bank could be hit by a $13bn bill relating to the way it dealt in mortgage bonds before the credit crisis, a US court has warned.

Matt Hudson, manager of the £694m Schroder UK Alpha Income fund, has increased his weighting to banks, despite industry concerns about the threat to dividends from the record level of regulatory fines imposed recently.