News

Fay Goddard, the current chief executive of the Personal Finance Society (PFS), is to join Lighthouse Group as a non-executive director next month.

Asian markets rebounded strongly overnight, recovering from their worst one day falls since last July, as eurozone contagion fears receded following Cyprus' controversial bailout package.

Cypriot officials are attempting to renegotiate the terms of its €10bn bailout to limit the pain for small account holders, according to reports.

Royal London has agreed to buy the Co-operative Banking Group's life insurance and asset management businesses in a deal worth up to £219m.

EU proposals to limit fund manager bonuses have been met by a withering reaction from the asset management industry.

Retail investors should be able to access less liquid investment strategies so they can benefit from longer-term investment decisions, according to new RWC Partners CEO Dan Mannix.

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

Cyprus' plan for an unprecedented 10% tax on savers has been dubbed a "monumental error of judgement" by one commentator, but it does leave some assets looking attractive.

The Financial Services Authority (FSA) has contacted UK fund groups in a bid to ensure "minimal disruption" when the Alternative Investment Fund Managers Directive (AIFMD) comes into force in July.

Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.