News

Royal Bank of Scotland (RBS) will have to undergo an independent skilled person review of its lending practices following allegations that it put some good and viable businesses into default so it could boost profits.

City Financial has expanded its multi-asset team with the appointment of Anthony McDonald as a senior investment analyst.

Witan Investment Trust has appointed two new managers for its global equity portfolios.

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

Fund management staff earning more than €1m at UK banks saw pay almost double in 2012, according to European Banking Authority (EBA) data.

Rathbone Brothers chief executive Andy Pomfret is to retire on 28 February 2014 after almost a decade in charge of the wealth manager.

Chancellor George Osborne is to highlight a forthcoming sale of Lloyds Banking Group shares to retail investors in the Autumn Statement, according to reports.

Schroders' fixed income managers have been adding to US municipal bonds across their portfolios on the view that the sector is ripe for reappraisal by investors.

Managers have been buying in to aerospace companies as firms in the sector begin to see large orders coming from the Middle East.

AJ Bell has introduced a capped annual charge on its new-look D2C platform Youinvest as it unveils its pricing strategy for 2014.