News

Progress in the fiscal cliff talks being held in Washington has given Wall Street a lift as the threat of a possible recession is averted.

The UK's four biggest banks may need up to £35bn of fresh capital to insulate themselves against future losses, according to the Bank of England.

The US economy grew 2.7% in the third quarter of the year, a significant upwards revision from the first reading of the data.

PIMCO has listed 23 funds across a number of IMA sectors, including the £20bn Total Return Bond fund in the Global Bond sector, managed by Bill Gross (pictured).

Schroders' head of US fixed income Wesley Sparks has argued investors should brace for a high yield correction in the first quarter of next year, as yields could rise by as much as 100 basis points.

Liontrust's chief executive John Ions said he hired Thames River's former credit head - just 18 months after selling Liontrust's existing credit arm - for its global specialism.

The Financial Services Authority (FSA) has begun informal discussions with key industry players about a potential ban on all fund commission payments from the start of 2014 for business written on platforms.

Ex-Threadneedle chairman Simon Davies has joined the board of national advisory firm, Intrinsic, as a non-executive director.

Plans to use self-invested personal pension (SIPP) providers' assets under management (AUM) as a factor in determining capital adequacy levels is a mistake, Dentons Pensions has said.

The IMA has soft launched a consumer website, providing investors with details on charges, risk ratings and fund performance, as well as commentary on regulation and checklists.