News

Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.

Sterling could fall much further against the US dollar if the UK's current account deficit is not addressed, bond managers have said.

HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.

Equity boutique Alken Asset Management is to lift soft closure restrictions on two European funds next month.

The FTSE closed down 0.25% after yesterday's worst one-day fall in 16 months was followed by a volatile session today.

Rathbone Brothers has seen a 10% rise in funds under management during Q3 after completing its acquisition of Jupiter Asset Management's private client and charity investment arms.

Man Group has reported net inflows of $400m (£250m) in the third quarter of 2014, as renewed interest in its quantitative strategies was offset by redemptions at GLG.

Three of First State's Global Emerging Market equity funds are to be moved out of the IMA GEM Sector for failing to meet eligibility requirements.

Core government bond yields have tumbled this afternoon, as investors rush back to safe havens and stocks slump amid widespread selling.

The former appointed representatives (ARs) of failed network Alpha 2 Omega (A2O) are facing multi-million pound legal claims as the Financial Services Compensation Scheme (FSCS) tries to claw back the money it paid to mis-sold investors.