News

The Financial Services Compensation Scheme (FSCS) is to start compensating investors in failed investment group Hartmann Capital.

Hedge fund manager Crispin Odey netted a pay packet of £47.8m in the year to April 2014 after his boutique more than trebled profits.

Former F&C fixed income manager Peter Geikie-Cobb has joined Charles Stanley as managing director of its Matterley fund business.

Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.

Morningstar has launched a range of four real return portfolios as it further expands its discretionary management service.

Brewin Dolphin's Angus Kerr, Lindsay Strachan and four colleagues are moving to Rathbones to set up a new Glasgow office for the wealth manager.

The Financial Ombudsman Service (FOS) is to make further cuts to its operating budget in the coming financial year and has frozen its levy at £23.3m.

Lombard Odier's Swiss equities specialist Patrick Huber has joined Mirabaud Asset Management as the firm bolsters its large-cap desk.

The FTSE 100 has dropped sharply again this morning as fears over significant falls in the oil price and other macroeconomic issues weighed on stocks.

Steve Webb's plan to extend pension freedoms to all retirees, creating a market for annuity resales, is well-meaning but unlikely to work in practice, Fidelity retirement director Alan Higham has said.