News

The rate of UK CPI inflation rose in the year to April, the first increase in ten months, according to the Office for National Statistics.

Richard Woolnough's M&G Optimal Income fund has passed the £20bn mark for the first time after a surge in inflows since the start of the year.

Groups back latest cost proposals but performance fees escape new rules

A record year at Financial Ombudsman Service (FOS) saw 40,000 queries a week resulting in 512,167 new complaints during the past 12 months.

Credit Suisse is to pay fines of $2.6bn (£1.6bn) after pleading guilty to helping US clients evade tax.

M&G has reshuffled managers on its Global Growth and European equity portfolios in order to allow manager Greg Aldridge to focus on institutional mandates.

Global equity income investors saw dividends leap by 31.4% in the first quarter of 2014, buoyed by special payouts, with the underlying increase rising at the fastest rate since 2012.

Charles Stanley is to offer its model portfolio range via Standard Life's Wrap platform.

Shares in pharma giant AstraZeneca plunged this morning after the group rejected a fresh offer from US firm Pfizer.

The Investment Management Association (IMA) has written to UK fund groups asking them to anonymously disclose details of salary structures following discussions with EU regulators.