News

Europe is on the road to economic recovery as Ireland becomes the first country to emerge from the financial crisis, according to T. Rowe Price's European equity manager Dean Tenerelli.

Santander has confirmed it has pulled out of the investment advice market resulting in the loss of 724 jobs.

The Tax Incentivised Savings Association (TISA) is writing to the Treasury to ask for a one-year delay on the proposed rebate tax, after estimating the costs to the industry far outweigh the tax likely to be recouped.

Upmarket wealth manager St James's Place paid £12,750 for a speech from Labour MP David Miliband at its annual conference.

Q4 2012 US GDP has been revised up from 0.1% to 0.4%, though the figure remains the lowest level of quarterly growth seen since Q1 2011.

Senior staff at J O Hambro Investment Management are to buy out the business from owner Credit Suisse with the help of banking group Bermuda National.

Fidelity FundsNetwork is to bring forward all rebate payments accrued in the current tax year to before 6 April, in a bid to avoid income tax levied by HM Revenue & Customs (HMRC).

Renaissance Asset Managers has been bought by emerging markets specialist Kazimir Partners, in a move which will see a number of its funds merged into other products, and a raft of new strategies launched.

The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.

A near-25% rise in UK protection sales helped drive an increase in profits for the Royal London group in 2012.