F&C has revealed a first half profits slump of 58pc, while assets under management fell by 7pc over six months to £96.5bn at end of June.
Pre-tax profits were £3.4m for the first half of the year, compared to £7.9m in June 2007. Chief executive Alain Grisay attributed the fall to tough market conditions, while also stating that F&C's ability...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected