News

Investors have been trading equities en masse, according to the latest data from BlackRock, with 94% of a record $262.7bn of flows accounted for by the asset class last month.

The incoming Bank of England governor Mark Carney has said "the bar for change to the monetary framework is very high", warning any change to the current interest rate target could damage the economy.

The Bank of England's Monetary Policy Committee (MPC) has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

The board of the SVM Global investment trust has appointed Henderson Global Investors as investment manager, after the board opted to drop Colin McLean's firm from the mandate.

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.