News

Skandia has expressed frustration at rival platforms failing to allow electronic re-registration of assets, despite being required to do so under the Retail Distribution Review (RDR).

Former Aberdeen global fixed income bond chief Paul Griffiths has joined First State Investments as CIO of fixed interest and credit.

Shares in Prudential have fallen over 4% today after the FSA fined the insurer £30m over the failed AIA deal in 2010.

Invesco Perpetual's Michael Matthews is to join Paul Causer and Paul Read as a co-manager on the firm's £5.8bn corporate bond fund at the end of the month.

The Bank of England's Financial Policy Committee (FPC) has said UK banks had a £25bn shortfall in their capital requirements at the end of 2012, as stricter capital requirements impacted balance sheets.

The third reading of UK's GDP growth for Q4 2012 has confirmed a 0.3% contraction between the third and fourth quarter.

Andrew Fleming has stepped down from his role as chief executive and chief investment officer at Kames Capital.

Ecclesiastical's Robin Hepworth is backing the rally in Vodafone shares to continue even if the M&A rumours surrounding the stock begin to recede.

The pool of government bonds rated AAA by the three main rating agencies has shrunk by more than 60% since the financial crisis, according to new analysis.

Prudential has been fined £30m by the City watchdog while its chief executive Tidjane Thiam has been officially censured, following the failed AIA deal in 2010.