News

The PIMCO Total Return bond fund shed a net $23.5bn in September, latest figures show, as outflows accelerated following Bill Gross' departure.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

Technical specialist at the Financial Conduct Authority (FCA) Rory Percival said he is "annoyed" by firms who are "looking to keep the regulator happy", as he admits the watchdog has a better job to do to dispel myths around its expectations.

Challenger bank Virgin Money has announced plans for an initial public offering this month, committing to a progressive dividend policy in the process.

Research has put a monetary value of £100 a month on retirement advice, while claiming evidence shows people save more when advised earlier on in life.

Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.

The Channel Island Stock Exchange (CISX) has been fined £190,000 by its regulator for being "seriously at fault" in relation to possible "irregular trading" of the Arch Cru funds.

The Treasury is to establish a dedicated guidance guarantee operation for face-to-face meetings separate from The Pensions Advisory Service (TPAS), Michelle Cracknell has said.

Standard Life was named platform of the year at an awards ceremony in London last night, beating off stiff competition from runners up Transact and Axa Elevate.

The Financial Conduct Authority (FCA) has opened an investigation after Tesco admitted it had overstated its half-year profits by £250m.