News

The Financial Conduct Authority's head of asset management has given his stamp of approval to the current round of negotiations between asset managers and platforms, saying it is a good sign for industry pricing.

Invesco Perpetual has revealed outflows from Neil Woodford's Income and High Income funds since he announced his departure have been around the £1bn mark.

The FCA has revealed it is to launch a thematic review into fund managers' use of dealing commission to pay for broker research and corporate access.

An offshore tax avoidance scheme used by Aberdeen Asset Management to pay its employees tax-free bonuses has been closed by Scotland's most senior court.

A widely-predicted spate of fund mergers and consolidations has failed to materialise this year, with the number of funds being merged or closed dropping substantially.

Standard Life Investments has reported a record level of third party AUM as net inflows continue despite the loss of key personnel.

Barclays' pre-tax profits have fallen 26% in Q3 as a drop in trading revenue and its ongoing restructuring programme hit growth.

The chief executive of the Financial Conduct Authority is set to criticise asset management firms for the way they pass on the cost of third party research to clients.

The Financial Conduct Authority (FCA) has fined co-operative banking group Rabobank £105m for its role in the LIBOR rate-fixing scandal, with the group paying over $1bn in fines in total.

Shares in oil giant BP shot higher this morning, lifting the wider market, after the group pleased investors by raising its dividend.