News

Bonds were the best selling asset class in March, a month in which UK domiciled funds topped £500bn in assets under management for the first time, according to IMA figures.

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

Franklin Templeton's Mark Mobius says letting Greece default on its debt would be the best way to ease the European fiscal crisis and calm contagion concerns.

The FSA is investigating government-backed Lloyds Banking Group and RBS over poor complaints handling.

The FTSE 100 was at 5599.81, a rise of 0.24% or 13.20 points in early morning trading following strong first quarter results from some groups.

Standard Life Investments third-party assets under management reached a record level of £62.2bn for the first quarter, up from £56.9bn.

Ignis chief investment officer and board director Peter Reid is leaving to join Edinburgh Partners.

The FTSE fell 0.3% today, defying falls more than four times as large on most of Europe's major markets.

Standard & Poor's has downgraded Spain one notch from AA+ to AA, pointing to a slower than expected growth rate.

Gartmore has denied it forced out its head of compliance Gerry Harvey, who left the firm two months after joining.