News

The FSA has issued a public censure against Capita Financial Managers Limited (CFM) for its failings in relation to the CF Arch cru funds between June 2006 and March 2009.

Henderson Global Investors is set to announce a fresh round of job cuts before the end of the year, Investment Week understands, as the FTSE 250-listed asset manager embarks on a further cost-cutting drive.

Fidelity Worldwide Investment has launched a low-cost US tracker fund as it moves to mimic the success of its UK tracker fund among direct investors.

BNY Mellon and Insight are set to merge a raft of funds into newly created vehicles in preparation for the world post-RDR.

Aberdeen Asset Management has grown its profits by 15% in the last year despite "difficult and uncertain" market conditions.

Investors suing advisers over 'mis-selling' of film investment schemes have claimed £8m so far, according to the Mail on Sunday.

The Financial Services Authority (FSA) has fined UBS AG (UBS) £29.7 million for failing to prevent large scale unauthorised trading which lost the bank over $2bn.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch cru redress scheme have been postponed due to the overwhelming response to the regulator's consultation.

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

Henderson's fixed income manager Jenna Barnard has labelled the contingent capital bonds recently issued by Barclays as the 'poster-child' for issuance investors should avoid, despite strong demand from Asia.