News

Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.

Lloyds Banking Group has set aside an extra £900m in payment protection insurance (PPI) provisions and confirmed it will cut 9,000 jobs as part of a switch from high street to digital banking.

Brazilian equity markets tumbled today after incumbent president Dilma Rousseff won a second term by a narrow margin.

Diverging fortunes for government bonds and credit in recent weeks have prompted some fund buyers to suggest strategic bond portfolios could flourish again in the coming months.

Rathbones' chief executive Mike Webb, a long-time proponent of risk targeted investments, has said the method makes fund managers work harder for investors.

The Money Advice Service (MAS) has urged providers to make funds more transparent as they prepare to roll out new retirement-focused products following pension reforms.

Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.

China's scheme to connect the Hong Kong and Shanghai stock exchanges will not be unveiled this week as planned, with no new launch date yet specified.

Investment managers have made little change to how they purchase research using dealing commission despite a Financial Conduct Authority crackdown earlier this year.

Former Threadneedle head of UK equities Simon Brazier will take over as manager of the £181m Investec UK Alpha fund when he begins his career at the asset manager next month.