News

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

Sun Life Assurance Company of Canada (UK) Limited (SLOC UK) has been fined £600,000 by the Financial Services Authority (FSA) for failings in the governance of its with-profits business.

China's economy has slowed for the seventh consecutive quarter, recording an expansion of 7.4% in Q3 on the previous year.

Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.

A man has been arrested for plotting to detonate a bomb in front of the Federal Reserve in New York, following a sting operation conducted by US authorities.

Jupiter Fund Management reported a £1.6bn increase in assets under management for the third quarter, supported by flows into more cautious funds such as Merlin Income, Strategic Bond and Global Convertibles.

RBS has closed its Volatility Controlled Cautious Managed and Balanced Managed funds less than two years after launch, after both funds racked up heavy losses.

A new paper, 'Buffett's Alpha' claims to have identified the main factors that have driven Warren Buffett's extraordinary record in investment.

MAM Funds' Gervais Williams has revealed the key stocks driving performance on his Acuim UK Multi Cap Income fund, which reached its one-year anniversary this month.

Investec's veteran stock picker Alastair Mundy said Japanese stocks are the most attractive compared to peers across the world, having fallen sharply in the last few months.