News

The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.

US shares slipped back into the red as minutes from the latest Federal Reserve meeting revealed the chances of a third round of monetary easing have waned significantly.

Activist investor Laxey Partners has thrown its weight behind reports Aberdeen Asset Management is set to launch a takeover bid for Alliance Trust.

Andrew Bell, chief executive of the £1.1bn Witan investment trust, has joined the chorus of disgruntled shareholders who are demanding radical change at private equity firm 3i.

The Financial Services Compensation Scheme (FSCS) is to levy life, pensions and investment advisers for an extra £38m, as it begins making part-payments to Arch cru investors with eligible claims against failed IFAs.

BlackRock has poached seven emerging market debt managers from BNP Paribas Investment Partners.

Derek Stuart, manager of the £1.1bn Artemis UK Special Situations fund, has upped his position in troubled asset manager Man Group.

James Murdoch is to step down as chairman of UK satellite broadcaster BSkyB, but will remain on the board.

An 11-year-old boy has been highly commended for his imaginative entry to a competition to find a credible plan for a euro exit.

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