Equities

Tesco Bank has made a move into the mortgage market by launching a range of non-advised deals.

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to Investment Management Association (IMA) figures.

The National Institute of Economic and Social Research (NIESR) has called on the government to loosen its debt reduction plans as growth forecasts are slashed for the UK.

Aviva Investors has sold its sustainable and responsible investments (SRI) funds business to Alliance Trust Investments in a £1m deal.

Schroders saw net inflows of £2.7bn in the volatile first half of the year as it revealed it is on the hunt for new talent.

The Financial Services Authority (FSA) has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 over a two-and-a-half year period.

APPRENTICE

The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

SECTOR REPORT