News

The Bank of England is being investigated by the Serious Fraud Office (SFO) in relation to liquidity auctions held during the financial crisis.

The cost of launching new fund ranges and boosting distribution left Aviva Investors with flat performance in 2014, as the firm said its wider turnaround is far from completion.

Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.

Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.

M&G Investments is set to close its Global Real Estate Securities fund after the departure of manager Gillian Tiltman prompted outflows from the strategy.

Warren Buffett's Berkshire Hathaway is looking to issue its first ever euro-denominated bond, according to reports.

Standard Chartered's executive board have foregone their bonuses after the bank's profits plummeted by 25% in 2014.

Mark Barnett has told Investment Week he is "concerned" over the fortunes of GlaxoSmithKline, a core holding in the Invesco Perpetual Income funds which he began running at the start of March 2014.

Jamie Frere-Scott has joined Ashcourt Rowan as funds director after less than a year as head of research at life insurer Mobius Life.

Legal & General has said it must "operationally leverage" its Cofunds platform and boost flows into its asset management arm this year in order to improve its business mix.