News

Transact has appointed Goldman Sachs to broker a full sale of the business, with senior staff open to an exit if a takeover is agreed, Investment Week understands.

Lloyds Banking Group has been fined £218m by UK and US authorities for a series of LIBOR failings, including manipulating fees owed to the Bank of England (BoE) as a result of taxpayer-funded support provided during the financial crisis.

Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.

Mutual LV= has reported strong annuity sales for the second quarter of the year despite the sweeping changes to retirement income announced in the 2014 Budget.

The use of super clean share classes by certain platforms is starting to cause 'unintended restrictions' for clients trying to re-register to alternative platforms.

Investors turned their backs on Aberdeen Asset Management this morning after it reported net outflows of almost £9bn in the third quarter of its financial year, with the stock keeping a lid on gains made by the wider index.

Jonathan Pines, manager of the top performing Hermes Asia ex-Japan Equity fund, explains why unloved Korea is his fund's biggest overweight.

Funds from Schroders, Jupiter, and Henderson Global Investors are dominating Chelsea Financial Services' new ratings service, FundCalibre.

Funds from BlackRock and J.P. Morgan have been added to Sanlam Private Investment's bi-annual list of underperforming income portfolios after a tough year for some of their mandates.

UK profit warnings have hit a three-year high after more than 100 warnings were issued in the first half of 2014, according to a new report.