News

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Banks caught mis-selling interest rate hedging products (IRHPs) have so far paid £1.1bn in compensation to customers, the Financial Conduct Authority has revealed.

Woodford Investment Management, the new fund group set up by veteran fund manager Neil Woodford, is set to back the flotation of breakdown recovery service the AA.

Quilter Cheviot's Nick Lacey has joined Psigma Investment Management as business development director.

F&C property managers Guy Glover and Marcus Phayre-Mudge have identified four key issues which could impact investors in the property sector.

The Chancellor is set to announce plans to clamp down on traders who manipulate markets, while establishing a review of how these markets operate.

The result of the Indian election, although positive for the economy, may not be as much of a game changer for investors as some suggest, according to Sophia Whitbread, manager of the Newton Emerging Income fund.

Auditor Baker Tilly is under investigation by the Financial Reporting Council (FRC) following allegations of unethical conduct.

Invesco Perpetual's co-head of fixed interest Paul Read has said he expects the UK's base rate to rise in the first quarter of next year, in contrast to the forecast of his former colleague Neil Woodford.

The number of savers putting enough money into their pension to secure an adequate retirement is at its highest level since 2009 at 53%, according to Scottish Widows research.