News

Regulatory enforcement should go hand in hand with firms' recognition that wrongdoing is a 'moral issue' Financial Conduct Authority (FCA) enforcement director Tracey McDermott has said.

UK equity investors will face a triple headwind next year as the domestic market's strong run comes to an end, Fidelity's asset allocation director Trevor Greetham has warned.

The actions of an increasingly desperate Russia could force the US to keep interest rates on hold and define the investment agenda next year, according to Jason Pidcock, manager of the £5bn Newton Asia Income fund.

The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.

The Investment Management Association (IMA) is failing to represent the interests of active fund managers, according to Richard Romer-Lee.

One Tesco director suspended following the firm's £263m accounting error will return to his job at the retailer.

Aviva has agreed terms with Friends Life for its £5.6bn takeover of the group, which will create the UK's largest insurance, savings, and asset management firm.

Aubrey Capital Management will expand its fund range with the launch of an emerging market consumer fund in January.

AXA Investment Managers has incorporated its structured finance assets into its fixed income arm as it reorganises the division.

Jupiter's John Chatfeild-Roberts has predicted the European Central Bank (ECB) will unveil a long-awaited quantitative easing programme at the start of next year, boosting the region's equity markets in the process.