News

Peter Harrison is leaving his post as chairman and chief executive officer at RWC to take on the role of global head of equities at Schroders.

James Anderson, manager of Baillie Gifford's £2.1bn Scottish Mortgage investment trust, is stepping down from the position for six months.

Collins Stewart Wealth Management has recorded a pre-tax loss of £447,000 for Q4 2012 as parent Canaccord was affected by costs relating to recent acquisitions.

Chancellor George Osborne has taken the unusual step of calling on the Bank of England to do more to help support the UK economy, according to reports.

Swedish banking group Handelsbanken has acquired UK wealth manager Heartwood for an undisclosed fee.

RBS has been fined a collective £391m for its role in the LIBOR scandal, with the FSA's investigation finding over 200 "inappropriate" rate submissions.

The Bank of England is close to announcing a further bout of asset purchasing, particularly as gilt yields continue to soar, Kames Capital's Iain Buckle has predicted.

The Financial Services Compensation Scheme (FSCS) will levy an estimated £76m on investment advisers in 2013/4, with failed firm Keydata highlighted as one of the main cases impacting the overall bill.

South African financial services group, Sanlam has sold its 22% stake in Punter Southall to management of the firm.

Goldman Sachs Asset Management chairman Jim O'Neill - the man who first coined the phrase BRIC - is to retire this year after 20 years at the company.