News

FCA director of enforcement Tracey McDermott is to become the regulator's director of supervision in a shake-up of its reporting lines, according to reports.

The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.

Think-tank New City Initiative (NCI) chairman Dominic Johnson has called for a dedicated Financial Conduct Authority division to help start-up firms.

Former executive chairman of Brewin Dolphin Jamie Matheson has been appointed chairman of Saracen Fund Managers.

Morningstar OBSR is no longer advisers' preferred ratings service, according to a poll of over 600 conducted by Schroders.

Tim Orton, chief executive of Aviva's platform business, is aiming to double assets under administration (AUA) to £10bn by the end of 2015.

Hasley Investment Management has relaunched under the name 8AM Global, with a restructured fund range, as former Miton manager Tom McGrath becomes a partner in the business.

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

Japan's economy shrank more than initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures.

The Financial Conduct Authority (FCA) is to review how and how much it fines businesses amid complaints from banks about the rise of high penalties.