News

The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.

The FTSE 100 rose 6.43% or 379.07 points in January, making this the strongest start to a year since 1989.

Bill Gross, manager of the world's largest bond fund, has compared the US economy to a supernova on the path to extinction as it has become too reliant on credit and real growth is being eroded.

The Financial Services Authority (FSA) will conduct a review into the £800bn unit-linked fund sector.

The start of 2013 has brought some new year cheer to equity investors, with the FTSE 100 set to record its best January for decades as stock markets around the globe continue to rise.

Concerns that UK equity valuations look overstretched are misplaced, according to Threadneedle head of UK equities Simon Brazier.

Assets under management in the UK funds industry reached a record £658bn in 2012 and, although fixed income dominated overall sales, equities ended the year as the best-selling asset class.

Aberdeen Asset Management's William Hemmings, head of closed-ended funds at the group, has joined the Association of Investment Companies (AIC) board.

RBS shares have continued a pullback that began in earnest earlier this week as the FTSE moved back below 6,300 in morning trading.

A former head of HM Revenue & Customs (HMRC) who stepped down after he was accused by MPs of lying has been hired by HSBC to advise on honesty, according to reports.