News

Multi-asset managers have been hiking their cash weightings after a rocky start to the year for global equity markets.

The transition management industry does not warrant large-scale Financial Conduct Authority (FCA) intervention despite State Street being fined almost £23m for overcharging clients.

HM Revenue and Customers has issued a warning to taxpayers not to be caught out by email phishing scams offering tax rebates in return for bank account or credit card details.

Direct-to-consumer platform Strawberry Invest has launched today, with an annual platform charge of 0.40% on the first £50,000.

Deutsche Asset & Wealth Management has become the latest ETF provider to enter the price war raging across the sector, creating a range of low cost db X-trackers with an all-in annual fee of 9bps.

Barclays has been forced to issue confirmation of its pre-tax profits for 2013 a day ahead of its results after they were leaked in a diary column.

Shares in Centrica have fallen 3% in early trading after UK energy secretary Ed Davey urged regulators to look at industry profit margins.

Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.

A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.

Some of the UK's leading fund groups are understood to be holding talks about their relationships with intermediaries and other partners following the release of new FCA rules.