News

HMRC is facing accusations it cannot cope with the new 50p rate of income tax.

The FTSE 100 opened at 5,494 this morning, sliding 0.18% down in early trading despite a surge in M&A activity.

M&G won the Outstanding Investment House accolade at last night's OBSR Honours Dinner, held at the Dorchester Hotel in London.

Aberdeen's Hugh Young and his Asia Pacific team have won OBSR's Outstanding Fund Manager award.

OBSR has handed its Rising Talent award to Jupiter's Cédric de Fonclare, manager of the European Special Situations fund.

Banks and miners have powered the FTSE to a four-month high in afternoon trading after the Bank of England held interest rates at their historical lows.

Martin Currie's emerging markets manager Dariusz Sliwinski is leaving the firm after a 13-year tenure.

The Bank of England has held interest rates at 0.5%, marking the 18th consecutive month they have been at this historical low.

Cautious Managed was the top-selling sector on Cofunds in August as advisers continue to outsource investment decisions in the run-up to the RDR.

The senior fund manager of the £141m City Natural Resources High Yield trust is stepping back from day-to-day management of the vehicle.