News

Invesco Perpetual's Neil Woodford has said the fund management industry is "failing" on corporate engagement as he defended his own investment style to MPs this morning.

Politicians should unite to support the "overriding objective" of eradicating short-termism among investors, according to Aberdeen Asset Management CEO Martin Gilbert.

Former tax boss Andrew Meeson and his business associate Peter Bradley have been found guilty of a £5m pension fraud.

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR)scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

The UK's blue chip index is trading back near a five-year high this morning after a near 1% gain, as a bumper set of results lift shares.

Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

Delays to the Financial Services Authority's (FSA's) platform paper risks damaging the industry, according to a law firm, with life companies and self-invested personal pension (SIPP) providers most likely to benefit.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the IMA revealed its long-awaited review of the sector last week.

China's stock market has rebounded slightly on Tuesday after its worst day for 18 months, as the country's parliament begins its annual session.

The Financial Services Authority may begin levying multi-million pound fines on fund groups found to be breaching its rules over corporate access.