News

The Financial Conduct Authority (FCA) is in "active discussions" with one asset manager on client redress after a review of fund managers' use of dealing commissions found widespread failings.

Ignis' global head of distribution Claude Chene has followed Chris Samuel in exiting the business following its takeover by Standard Life Investments.

Chelverton Asset Management is to launch a small-cap fund in September after expanding its team of fund managers.

Business Secretary Vince Cable has bowed to mounting pressure for an inquiry into the privatisation of the Royal Mail, ahead of a critical report due on Friday.

The Bank of England's new deputy governor, Minouche Shafik, has hinted to MPs that interest rates could be about to go up, the FT reports.

ING Investment Management will look to boost its presence in the UK funds market following an IPO and a rebrand, the firm has said.

The US Federal Reserve has said it will end its purchases of government bonds in October, bringing to a close the quantitative easing experiment.

Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.

Tim May, chief executive of the Wealth Management Association (WMA), is to hand over the role to Liz Field later this year.

The Financial Conduct Authority (FCA) is to launch a probe into competition within the asset management industry, focusing on whether practices in the wholesale space are having a negative effect.