News

The Financial Conduct Authority (FCA) has fined and banned two former directors of Pritchard Stockbrokers for recklessly failing to protect client money.

Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.

Kevin Addison has joined the funds arm of Brooks Macdonald as head of sales.

Kames Capital has expanded its absolute return range with the launch of two new mandates for David Griffiths and David Pringle.

US stocks posted their largest one-day gain this year as the latest meeting minutes from the Federal Reserve suggest it may adopt a more cautious stance on hiking interest rates.

Polar Capital has reported a 1% rise in AUM over the six months to end-September as outflows from its Japanese equity fund held back asset growth.

Fidelity Worldwide Investment has appointed Barclays Wealth boss Peter Horrell as managing director of its UK business.

The UK mid-cap index still look pricey despite a sell-off which has left it down 7.5% year-to-date, according to Invesco Perpetual's head of UK equities Mark Barnett.

Markets in the US fell overnight, after the International Monetary Fund (IMF) cut its forecast for global growth for the next two years.

Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.