News

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC has reported.

JOHCM's Clive Beagles has seen his UK Equity Income fund demoted in Sanlam Private Investments' latest Income Study, while AXA IM's George Luckraft has moved on to the recommended list.

Greece's bailout package has "failed" and the country will not seek an extension when the deal expires at the end of February, according to new prime minister Alex Tsipras.

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

The US added more jobs than expected in January, the latest Bureau of Labor Statistics reveal, while the economy is beginning to see wage growth coming through.

BlackRock pipped Woodford Investment Management to be the top-selling fund group of 2014, in large part due to the popularity of its index funds, according to the latest Pridham Report.

Aberdeen Asset Management may be among the bidders for Russell Investment Management, the $260bn asset manager put on the block by London Stock Exchange Group, according to analysts at Numis.

An IFA and the directors of banking giants Goldman Sachs and Lloyds will head up the panels that raise the industry's voice on policymaking to the ear of the regulator.

Standard Life has bought advice firm Pearson Jones from Skipton Building Society as it moves to capitalise on the demand for pensions advice.

Guinness founder and CIO Tim Guinness has said the problems in Greece will not spark a fresh banking crisis even if the beleaguered nation is forced to exit the euro.