News

Two traders working at Royal Bank of Scotland (RBS) have been suspended in connection with an investigation surrounding the possible manipulation of foreign exchange (forex) rates, according to reports.

To date, 2013 has been another strong year for UK equities, with the FTSE All Share hitting record highs and the FTSE 100 not far from doing the same.

The Financial Conduct Authority (FCA) has set out plans to cut regulatory fees by reallocating advisers who have permissions to hold client money or safeguard and administer assets.

J.P. Morgan Asset Management has launched a Total Emerging Markets Income fund to be run by Richard Titherington and Pierre-Yves Bareau.

Some asset managers and platforms are displaying 'common weaknesses' in their defences against money laundering, bribery and corruption, the Financial Conduct Authority (FCA) has said.

Last month, quarterly retail fund sales reached a peak not seen since 2011, according to the latest figures released by the Investment Management Association (IMA).

Marlborough has soft-closed its Nano-Cap Growth fund after it attracted almost £90m during its launch period.

Scott Jamieson's Kames Inflation Linked fund is set to change its benchmark and investment objective, and will move from the IMA Mixed Investment 0%-35% Shares sector to the Specialist sector.

Hawksmoor Investment Management has hired former Investec Wealth & Investment chief investment strategist Jim Wood-Smith.

The Financial Conduct Authority (FCA) is writing to clients of advisers who reported a below average opt-in rate for its Arch cru redress scheme - to ask if they believe they had been properly informed.