News

Legg Mason's chief executive Bill Miller is setting up a mutual fund under his own name, to be run together with his son as assistant fund manager.

Old Mutual Global Investors has moved Simon Murphy's £40m UK Opportunities fund to the IMA Targeted Absolute Return sector after merging its offshore and onshore versions.

Guy Opperman, Conservative MP for Hexam and secretary of the All Party Parliamentary Group on Arch cru, is "reluctantly" urging his constituents who lost money in the scandal to accept the compensation deal put forward by Capita.

Rathbone Brothers has filed an appeal against the latest ruling in its ongoing Jersey trust legal battle.

Bank of England governor Mark Carney has warned on the complications of withdrawing monetary stimulus - just hours before the US Federal Reserve may announce a tapering of its own asset purchase programme.

The taxpayer lost £230m on the government's disposal of part of its stake in Lloyds Banking Group, according to the National Audit Office (NAO), despite claims the sale was made at a profit.

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.

All bets are off on when the Federal Reserve may begin tapering, and investors should therefore prepare themselves for a taper as early as this week, said M&G's Anthony Doyle.

Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork, with rebates trumping super clean share classes.