News

Former Aviva sales manager Nick Casey has joined Carmignac as the French group further strengthens its UK presence.

UK bond investors should be wary of rising inflation and consider diversifying to other markets, according to PIMCO fixed income MD Mike Amey.

Ecclesiastical‘s Higher Income fund, managed by Robin Hepworth has moved out of the IMA UK Equity and Bond Income sector, into the Mixed Investment Shares 40-85% sector.

Pictet Asset Management has launched an Emerging Corporate Bonds fund for recently appointed head of emerging credit Alain Nsiona Defise.

Legg Mason units ClearBridge Investments and Legg Mason Capital Management (LMCM) are to forge closer links by integrating business operations.

The Financial Services Authority (FSA) is planning to widen its review into firms' sales incentives following an assessment last year into operating incentive schemes that may drive mis-selling.

The World Bank has cut its global growth forecast for 2013, blaming sluggish growth in developed economies for the ‘fragile' and ‘uncertain' global economic recovery.

One of the industry's most widely followed strategists, Albert Edwards, has said depressed European equity markets are a once in a lifetime opportunity for investors following the savage sell-off in 2012.

Royal Bank of Scotland is facing the prospect of a £500m fine over its role in the LIBOR interest rate-rigging scandal.

Inflation may have held steady at 2.7% in the final month of 2012, but this year it is expected to rear its ugly head once more as the impact of falling sterling pushes up import costs.