News

An ex-futures trader has been jailed for insider dealing after pocketing £591,000 in fraudulent deals.

Some 67% of bankers in the City were unhappy with their overall remuneration package in 2012 and feel "excellence is not incentivised" according to a new study.

Graham Bentley has quit Skandia amid the fallout from the group's merger with Old Mutual.

Andrew Tyrie, the chairman of the Treasury Select Committee (TSC), has written to the Financial Services Authority over a decision by the Bank of Ireland to raise mortgage interest rates.

WEALTH MANAGERS

Italy's embattled economy contracted 2.8% year on year in the fourth quarter, according to the final reading released this morning, worse than the 2.7% contraction previously thought.

Bond managers have cut duration to record lows, anticipating a fresh spike in gilt yields as they settle at a higher trading range.

Total assets in UK wealth management reached a record high of £527bn in Q4 last year, despite fears regulation would dampen inflows and put pressure on costs.

Standard Life Investments (SLI) has handed its £52m UK Equity High Alpha fund to UK equity analyst Henry Flockhart, who will replace Ed Legget as lead manager on the fund.

Threadneedle is preparing to soft-close Philip Dicken's £1bn Pan-European Smaller Companies fund, Investment Week understands.