News

Returns from the UK equity market have come in for some heavy criticism recently, but experienced investor Graham Ashby argues returns over the last decade show it has been far from a poor choice for investors.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms a total of £4.3m for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

Kames Capital's Phil Milburn is sticking with his underweight to European high yield within his £1.4bn High Yield Bond fund, although it has hurt performance over the past year.

Hedge fund giants are said to be preparing to short sterling after it fell to its lowest level against the dollar since July this week.

Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.

Architas CIO Caspar Rock has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

Her Majesty's Revenue & Customs (HMRC) should "name and shame" those who create, sell or use tax avoidance schemes to discourage activity which is costing the Treasury billions of pounds a year, a committee of MPs has said.

Prime Minister David Cameron has called on Royal Bank of Scotland to speed its return to the private sector amid speculation the government may give away its stake to the public.

The Investment Management Association (IMA) has called on the FSA to increase the amounts insurers and banks contribute to the FSCS after warning fund managers faced cross-subsidies which were three times higher than the other institutions.

The Financial Services Authority (FSA) has criticised firms for failing to send in details of advisers' qualifications.