News

The FCA has temporarily suspended 11 of Co-op Bank's bonds on the request of the company, pending an announcement of a rescue plan by parent company Co-op Group.

Guinness Asset Management has appointed Malcolm King as investment manager on the Guinness EIS team.

Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) shows.

Jupiter has promoted Dan Carter to run its $148m Jupiter Japan Select SICAV, with Simon Somerville stepping back to become deputy manager.

Shares in the Royal Bank of Scotland have slumped in morning trading after Chancellor George Osborne said a break-up of the semi state-owned lender could take place "within weeks".

Goldman Sachs Asset Management (GSAM) is to acquire RBS' range of money market funds.

Mark Barnett's Invesco Perpetual UK Strategic Income fund is among a handful of UK equity income vehicles to have displayed a lower maximum drawdown than Neil Woodford's portfolios over the past five years.

Kames Capital has launched a closed-ended version of its Active Value Property fund for Helen Batten.

Charlie Eppinger has joined the board of Old Mutual Wealth as non-executive director.

UK dividend payouts will contract this year for the first time since 2010 following a "disappointing" Q3 for income investors, according to Capita.