News

Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have accelerated since the March Budget, new figures have shown.

Brooks Macdonald has grown discretionary assets under management to £6.7bn, according to its first quarter results, with new business topping £100m despite market headwinds.

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.

Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-RDR revival for the sector gets underway.

The value of the suspended Brandeaux Student Accommodation fund's property portfolio has been cut by more than 6% by Savills following an independent valuation process.

Start-up fund house Sanditon Asset Management has recruited a senior investment director to assist Chris Rice across his core European funds.

Shares in Tesco topped the FTSE 100 leaderboard in morning trading, providing some relief for investors as the wider market slipped back once again.

The UK would have "zero" influence if it voted to leave the EU, the outgoing president of the European Commission has said.

Fund managers are urging caution following a dramatic week for investors, saying the traditional strategy of buying on market falls may no longer make sense.

Franklin Templeton has launched its first multi-manager alternatives fund for European investors following its acquisition of K2 Advisors in 2012.