Economics / Markets

OBSR founders Richard Romer-Lee and Nigel Whittingham have left Morningstar OBSR to take a career break from the industry.

Fund groups are preparing for a price war in the first quarter of next year as they overhaul their charging structures ahead of RDR.

Advisory firm Moneygate has received a cash injection of £18m with which it hopes to buy approximately 25 companies, according to reports.

Spain's economy minister Luis de Guindos denied his country needs a bailout as he gave a speech to the London School of Economics.

Celebrities including Weakest Link presenter Anne Robinson and members of Take That have been exposed as participants in a £1.2bn tax avoidance scheme, according to reports.

UCIS provider Connaught Asset Management is to reimburse investors in its Income Series 2 this week.

The Bank of England has held interest rates at 0.5% for the 42nd consecutive month and kept its bond purchase target at £375bn.

The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to Business secretary Vince Cable.

Consumer trust can "breed arrogance" within organisations, the leader of the Question of Trust campaign told delegates at the IFP conference yesterday.

UK growth may yet provide a positive surprise relative to developed market peers, according to analysts at Credit Suisse.