News

Lloyds is continuing to pressurise staff to mis-sell credit cards, loans and insurance, a leaked email has revealed - just months after the bank was fined £28m for promoting a ruthless sales culture.

Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.

Revenue and profits of UK mid-cap companies have beaten those of their FTSE 100 peers over the past year, as larger firms have seen their margins squeezed.

Platform sales reached a new record in the second quarter, according to a Fundscape report which pointed to Budget reforms as a key driver of the surge in interest.

Liontrust shares have dropped sharply after CEO John Ions sold down more of his stake in the company.

UK equities manager Philip Hardy has left FOUR Capital Partners after less than a year.

Argentina defaulted on its debt payments late last month after talks between a group of bondholders and the country collapsed, but it is not the only emerging market which looks vulnerable to a financial shock.

US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.

US treasury yields have fallen to their lowest level since last summer as concerns over Iraq and Ukraine spur a fresh flight to safety.

Fund selectors have begun to move away from ‘dogmatic' equity funds that favour either growth or value investment approaches to focus on more balanced equivalents.