News

Hargreaves Lansdown expects to announce details of its new pricing model for funds in "November or December" after it reported record full-year results for 2013.

Small businesses mis-sold interest rate hedging products by high street banks have so far accepted £500,000 in compensation but the figure is likely to rise significantly, the Financial Conduct Authority (FCA) has said.

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.

AXA Wealth has announced former Skandia strategy manager Kate Randall-Coles is to take over from Graham Bentley as head of fund group relations.

Fidelity's Sanjeev Shah has said he is "not burnt out" as he prepares to step down from fund management - and has warned a period of market consolidation lies ahead.

Miton has appointed former J.P. Morgan Asset Management investment trust head David Barron as director of investment trusts and product strategy.

Michael Konstantinov, manager of the £356m Allianz BRIC Stars fund, is to leave the group to pursue other opportunities.

Sanjeev Shah is to step down as manager of Fidelity Special Situations at the end of 2013, while colleague Allan Liu is to step back from the group's UK-domiciled South East Asia fund.

The FTSE 100 has endured a volatile start to the morning after reports of a missile launch in the East Mediterranean rattled investors.

The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.