News

The S&P 500 is on the verge of passing its all-time closing high after rising as much as 0.5% in early trading.

The decision by HMRC to tax rebates to consumers has prompted Skandia to review its recently announced unbundled charging structure, Investment Week can reveal.

Alliance Trust Savings (ATS) is to convert its legacy business to clean share classes, after HM Revenue & Customs (HMRC) announced it will tax unit and cash rebates.

The Financial Services Authority has finalised new rules and regulations for financial benchmarks as it attempts to "bring integrity" back to the London Interbank Offered Rate.

The Financial Services Authority (FSA) is planning to up its focus on advisers and wealth managers placing large amounts of client money in a single fund, amid fears some firms are not carrying out sufficient due diligence.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.

The incoming Financial Conduct Authority (FCA) may change rules introduced following the Retail Distribution Review (RDR) sooner than planned if it identifies widespread non-compliance or any harmful unintended consequences.

The Financial Services Authority (FSA) has confirmed its approach to temporary product intervention.

BlackRock is merging its UK Dynamic fund with its UK fund as part of a wider UK equity overhaul as Mark Lyttleton resigns from the group.

Paul Griffiths is leaving his role as global co-head of fixed income at Aberdeen Asset Management, handing over sole responsibility for the role to Brad Crombie.