News

Emerging market equity funds saw some $6.3bn in outflows during the final week of January, with the GEM sub-sector particularly badly hit as concerns over developing markets intensified.

Data provider and ratings service FE plans to take a minority stake in Richard Romer-Lee's Square Mile Investment Research as the two companies launch a strategic partnership.

Lloyds Banking Group has said it expects to report a "small" pre-tax profit for 2013 and intends to restart dividend payments in the second half of this year.

The chairman of the Treasury Select Committee, Andrew Tyrie, has written to the Financial Conduct Authority head Martin Wheatley calling on the regulator to do more to crack down on banks' poor sales practices.

Global equity markets are on course for their worst start to the year since 2010 following the declines sparked by troubles in emerging markets over the last week.

State Street UK has been fined £22.9m by the Financial Conduct Authority (FCA) for overcharging clients on a range of financial transactions.

The charges on Cazenove Capital's fund range will rise when they are rebranded under the Schroders name in March.

Bestinvest looks set to target the mid-tier SIPP market after revealing a clean pricing model beginning at 30bps for SIPP accounts below £250,000.

A tax avoidance scheme sold by serial avoidance promoter NT Advisors has lost its third bid for legitimacy, saving the country £100m, HM Revenue & Customs (HMRC) has said.

Neptune plans to close two income portfolios and will remove income share classes on several other funds at the end of next month.