News

The Financial Services Compensation Scheme (FSCS) said it is finalising the claims process for ARM investors with claims against Catalyst Investment Group, and hopes to start inviting claims in early 2014.

Morningstar has launched qualitative research and ratings for passive funds for the first time, assigning a Morningstar Analyst Rating to 25 of the most popular index funds in the UK.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.

Daniel Lee, former head of discretionary at Cazenove, has joined Allianz Global Investors as a sales director in its UK team.

Skandia's director of investments James Millard is to exit the business at the end of the year after the group opted to hand the running of its managed portfolio service to Old Mutual Global Investors.

T Bailey has cut the charges on its three multi-manager funds from 75bps to 60bps, as well as renaming two of the funds.

Tech giant Apple has bought social media analytics firm Topsy Labs, according to reports.

Eclectica's Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds.

Sterling hit a five-year high on Monday as data from the UK's manufacturing sector came in stronger than expected.

Supermarkets are weighing on the FTSE 100 index today as worries escalate over price wars between the UK's leading food stores.