News

The Financial Services Compensation Scheme (FSCS) has begun paying redress to clients of stockbroker Fyshe Horton Finney (FHF), which entered special administration earlier this year.

T Rowe Price European equity specialist Andrew Clifton reveals five of the best European banks to back against the backdrop of improving sentiment in the eurozone.

Emma Mogford, manager of the £2.2m Neptune UK Higher Income Fund, has left the company.

PIMCO's Bill Gross has likened the recent sell-off in bonds to the "Battle of the Somme", but said the group is well positioned to fight on in future.

Ben Bernanke has successfully calmed markets' June nerves but is now concerned with how quickly risk appetite has returned, according to Ruffer investment directors Hamish Baillie and Steve Russell.

The Investment Management Association (IMA)'s 11th annual Asset Management Survey, released earlier this week, said the Retail Distribution Review (RDR) has had several unintended consequences for the fund management industry.

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in...

Old Mutual Wealth (OMW) has delayed the launch of its Select fund range while it readies a managed portfolio service set to put it head-to-head with some of the UK's largest discretionary fund managers (DFMs).

Schroders chief executive Michael Dobson said the group now has the strongest UK equity team in its history - despite the departure of Richard Buxton.

Shares in asset managers Schroders and Henderson have fallen in morning trading while Aviva climbed following a set of half-year results from the groups.