News

Andrew Tyrie, the chairman of the Treasury Select Committee (TSC), has written to the Financial Services Authority over a decision by the Bank of Ireland to raise mortgage interest rates.

WEALTH MANAGERS

Italy's embattled economy contracted 2.8% year on year in the fourth quarter, according to the final reading released this morning, worse than the 2.7% contraction previously thought.

Bond managers have cut duration to record lows, anticipating a fresh spike in gilt yields as they settle at a higher trading range.

Total assets in UK wealth management reached a record high of £527bn in Q4 last year, despite fears regulation would dampen inflows and put pressure on costs.

Standard Life Investments (SLI) has handed its £52m UK Equity High Alpha fund to UK equity analyst Henry Flockhart, who will replace Ed Legget as lead manager on the fund.

Threadneedle is preparing to soft-close Philip Dicken's £1bn Pan-European Smaller Companies fund, Investment Week understands.

Invesco Perpetual's Neil Woodford topped up his stake in supermarket Morrisons as BlackRock sold down its position at the start of 2013, according to reports.

The Commission on Banking Standards has told the government its plans to reform the UK's banking sector are not strict enough.

Standard Life is investigating an error that has left thousands of advisers being quoted inflated fund prices on a number of platforms.