News

An offshore tax avoidance scheme used by Aberdeen Asset Management to pay its employees tax-free bonuses has been closed by Scotland's most senior court.

A widely-predicted spate of fund mergers and consolidations has failed to materialise this year, with the number of funds being merged or closed dropping substantially.

Standard Life Investments has reported a record level of third party AUM as net inflows continue despite the loss of key personnel.

Barclays' pre-tax profits have fallen 26% in Q3 as a drop in trading revenue and its ongoing restructuring programme hit growth.

The chief executive of the Financial Conduct Authority is set to criticise asset management firms for the way they pass on the cost of third party research to clients.

The Financial Conduct Authority (FCA) has fined co-operative banking group Rabobank £105m for its role in the LIBOR rate-fixing scandal, with the group paying over $1bn in fines in total.

Shares in oil giant BP shot higher this morning, lifting the wider market, after the group pleased investors by raising its dividend.

The Financial Services Compensation Scheme (FSCS) has said it is likely it will be forced to raise a supplementary levy on investment advisers before the end of the current levy year, to make up for losses incurred by the failings of ARM bonds and their...

Liontrust AM's chief executive John Ions expects John Husselbee's Wealth Solutions service to become a significant part of the business over the next few years, following the takeover earlier this month.

Tech giant Apple saw profits fall for the third consecutive quarter as it reported its full-year results, although iPhone sales continued to rise.