News

The chief executive of the Financial Services Compensation Scheme (FSCS) is "sympathetic" to calculating the scheme's levy based on the risk posed by specific businesses.

The Royal London group has agreed with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and subsidiaries for an undisclosed sum.

Warren Buffett's Berkshire Hathaway has purchased a $3.45bn stake in oil company Exxon Mobil.

Barclays is to cut 1,700 UK branch jobs from 2014 as customers move online for services.

Janet Yellen has defended the Federal Reserve's quantitative easing programme in her first appearance before Congress.

SVG Investment Managers is to rebrand as GVO Investment Management (GVOIM) before the end of 2013.

Biotech, digital communications and clean energy have been the three best performing themes in Pictet's Global Megatrends Selection fund this year.

Vanguard has moved to reduce prices on its emerging market and global bond trackers as price competition in the passive space heats up.

Former Sarasin manager David Vickers has joined Russell Investments to run its flagship £1.2bn Multi-Asset Growth Strategy.

Jupiter's Peter Lawery has said the next five years promise to be uncomfortable for investors as they try to dodge 'punches' in the form of central bank policy moves.