News

The Nikkei has closed 3.1% higher at 14,843 after the Bank of Japan (BoJ) said it would double the size of two lending programmes in a bid to prop up credit growth.

Cofunds has made a number of appointments to its partnerships and platform teams as part of a recruitment drive.

The Financial Conduct Authority (FCA) has won its battle against two unauthorised investment schemes after the High Court ruled they were to be classed as collectives and therefore must be regulated.

Britain must see a business recovery before interest rates can begin to rise, according to Mark Carney, the Governor of the Bank of England.

Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.

Smith & Williamson and Pictet Asset Management are both to cut annual management charges (AMCs) on a variety of funds as part of an overhaul of clean pricing strategies.

Fidelity Worldwide Investment's UK managing director Hugh Mullan is to step down in April, Investment Week can reveal.

Japan's economy grew less than expected at the end of last year, highlighting potential weaknesses in Prime Minister Abe's economic policies.

Stephen Mohan, head of UK & Ireland at Allfunds Bank, has reignited conversations with fund managers and clients about ‘0%' share classes, amid potential changes to VAT rules.

Claimants can not accept a compensation ruling from the Financial Ombudsman Service (FOS) and later claim for more in the courts, a landmark Court of Appeal ruling has decided.