News

Global equity markets across the board have posted a strong start to the year, but there have been some clear winners in a quarter which saw many markets rise to multi-year or record highs.

The Banking Standards Commission has asked the Financial Services Authority (FSA) to consider if three former HBOS bankers should be barred from future roles in the financial sector.

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

Transact has criticised fund managers for failing to allow advisers to move large holdings from bundled to clean share classes.

Standard Life's wrap platform is to scrap rebates on new and existing business and move to a clean share class only model by the start of the 2014/15 tax year, Investment Week can reveal.

The Tax Incentivised Savings Association (Tisa) is to launch a consultation later this month to look into how to convert bundled share classes held on one platform into clean share classes on another platform when a client re-registers.

Hargreaves Lansdown has thrown its weight behind an Investment Management Association (IMA) initiative urging groups to display total fund costs in a simpler, clearer manner.

Fidelity is to restrict inflows into Alex Wright's UK Smaller Companies fund in an effort to preserve performance.

Transact has moved to tackle difficulties accounting for the incoming rebate tax with the creation of a new automated system to calculate it.

The Bank of England has opted not to implement further quantitative easing and held interest rates at 0.5% for the 49th consecutive month.