News

The Bank of England has said it will not raise the base rate of interest before unemployment falls to 7%, and warned investors are still expecting rates to rise sooner than is likely.

The Financial Conduct Authority (FCA) has appointed four directors to lead key areas of its supervision division, with Nick Poyntz-Wright heading up its long term savings & pensions unit which includes oversight of wealth management services and investment...

The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new GEM Bond category.

Jupiter is planning to scrap the performance fee on its Absolute Return fund from 1 November, two months after manager Philip Gibbs hands the vehicle over to new recruit James Clunie.

Old Mutual Wealth has reported a pre-tax profit increase of 14% for the first half of the year to £108m, driven by a surge in gross inflows over the period.

Skandia, part of Old Mutual Wealth, is to outsource its administration to global IT and outsourcing firm International Financial Data Services (IFDS) in a 20-year contract.

Ashcourt Rowan Asset Management is to buy the assets of Generali Portfolio Management (UK) and take on its team of seven employees.

The £836m Absolute Insight UK Equity Market Neutral fund is revamping its investment policy to switch from a UK-centric to a global investment focus.

The AIM universe opened up to a wider audience this week as rules came in to force allowing these stocks to be included in ISAs. But which ones offer the most exciting opportunities?

Prudential has appointed John Foley to the newly created role of group investment director in a bid to strengthen the oversight of its financial investments.