News

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that undermined RDR rules.

With the era of US quantitative easing now drawn to a close, Investment Week spoke to five wealth managers about the possible consequences - and the likelihood of the taps being turned back on.

BlackRock is set to replace F&C as manager of the British Assets trust after the company's board proposed a change of objective in order to target pension savers.

L&G is to reduce ongoing charges by up to 55% on selected retail index funds in the latest sign of price pressure in the passive investment space.

Andy Pomfret, former chief executive of Rathbones, has joined the board of Interactive Investor as a non-executive director.

Barclays has reported a 15% rise in Q3 profit but also set aside £500m for potential fines relating to manipulation of foreign exchange markets.

Net inflows at St James's Place (SJP) rose 23% in the third quarter as ISA rule changes helped boost new business, interim results show.

Henderson has reported strong net UK retail inflows of £814m for the third quarter but cautioned difficulties lie ahead for investors.

The US Federal Reserve has concluded the tapering of its multi-year bond buying programme and begun turning its attention to a future interest rate hike.

The operators of twenty-eight of the UK's largest investment platforms are forming the UK Platform Group in a bid to more fully represent the industry.