News

Hargreave Hale is to expand its reach with the opening of a new office in Norwich, led by two former Brewin Dolphin investment managers.

Investors in failed fund Connaught who are trying to claw back some of their losses must wait longer in limbo as the regulator admits it has still not brokered a deal to secure them redress.

The volume of assets held in underperforming funds has fallen by a quarter, although the number of funds has increased, according to Chelsea Financial Services' latest RedZone list.

The FTSE 100 has broken through its previous peak to set a new record high as it nears the 7,000 mark.

HSBC's chairman has said the bank "deeply regrets" the "unacceptable" practices within its Swiss private bank which allowed clients to avoid tax, and plans to sell off parts of the business following disappointing 2014 results.

The government has sold a further £500m of Lloyds Banking Group shares through a trading plan launched in December, taking the total amount of money recovered for the taxpayer from the bank to just under £8bn.

The Investment Association (IA)'s plans to overhaul how funds' past performance is calculated has sparked debate among investment managers.

Wages are set to rise above inflation this year for the first time since 2007, according to economists at Ernst & Young.

The Financial Conduct Authority (FCA) has said European dealing commission reforms will benefit fixed income funds, but market participants remain uncertain of the impact of the changes.

Standard Life Investments' chief executive Keith Skeoch was paid £5.2m in 2014 as the business' AUM jumped by 45% last year.