News

Almost half the funds in the IMA Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.

Octopus Investments has overhauled the discount policy across its £350m VCT range, reducing the buyback discount to 5% of NAV rather than 10% for investors looking to sell their shares back to the VCT.

London's leading share index has slid into the red in early trading, as eurozone contagion fears resurface following Cyprus' controversial bailout package.

Asian markets tumbled overnight and safe-haven bond yields fell following news EU member Cyprus is to impose an unprecedented bank levy on deposits held in the country.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

Chancellor George Osborne is to bring forward the introduction of the flat-rate state pension and the cap on social care by a year.

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.

Chancellor George Osborne is to tell the electorate this week that his debt plans are in ruins, with the deadline for bringing UK debt down pushed back by many years.

First State Investments is stepping up efforts to stop flows into Angus Tulloch's £7.4bn Asia Pacific Leaders fund.

The Financial Services Authority (FSA) is warning consumers of a new tactic adopted by fraudsters - setting up fake versions of its website and register.