News

F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale products where it judges mis-selling, flaws, or other problems to consumers.

Discretionary fund manager Saltus Fund Management has bought Altrincham-based wealth manager Mercater Capital Management for an undisclosed sum.

Renaissance Asset Managers (RAM) is to launch a Global Emerging Market Yield fund for its newest recruit, Michael Kollo.

Prusik has soft-closed the class 2 shares of its Asian Equity Income fund and hard closed the class 1 shares as it restricts capacity to preserve performance.

Barclays' wealth arm is being challenged to show its post-RDR proposals have been given the go-ahead by the FSA, Investment Week understands.

Multinational coffee house Starbucks has caved in to public anger over the recent revelation it paid less than 1% in tax in the UK, pledging to 'do more' according to reports.

Credit rating agency Moody's Investor Services has downgraded its rating of the European Stability Mechanism (ESM) - Europe's bailout fund - because of increased concerns over the financial health of France.

US Treasury Secretary Timothy Geithner has sounded a warning over the very real possibility of the US government failing to reach a deal on the fiscal cliff.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.