News

St James's Place (SJP) saw its distribution business tumble into the red last year owing to the cost of hiring more advisers, and a £5.5m FSCS levy.

Emerging markets specialist Ashmore recorded outflows of almost $3bn in the six months to 31 December as the sell-off in the asset class continues.

The FTSE 100 reached a 14-year high yesterday while the S&P 500 hit a new record level, lifted by M&A activity.

Charles Stanley has rolled out its Collectives Portfolio Service to five platforms.

The government has launched an advertising campaign targeting taxpayers with money hidden in offshore accounts.

Scotland's £800bn fund management industry has begun to step up contingency plans in the event the country's populace votes for independence this September.

Aberforth Partners co-founder David Warnock is to join Seneca Investment Managers as chairman.

Former Radio 1 breakfast show host Chris Moyles tried to avoid paying £1m tax after signing up to a scheme which saw him claim he was a used car salesman.

Kames Capital is launching a diversified income fund for Vincent McEntegart, a portfolio manager on its multi-asset team.

HSBC shares have fallen almost 5% after full-year results failed to meet market expectations.