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News

Investment

Close Brothers' assets inch higher as Winterflood bounces back

Close Brothers saw its assets under management creep higher in the five months to 31 December 2013, while broker arm Winterflood saw performance improve.

clock 24 January 2014 •

Investment

Aberdeen slumps 5% as EM woes return to haunt markets

Fresh plunges in the value of emerging market currencies have send equities sharply lower this morning, with an analyst downgrade adding to the pain for EM-focused Aberdeen.

clock 24 January 2014 •

Economics / Markets

Carney signals end to forward guidance from Bank

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months since its creation.

clock 24 January 2014 •

Investment

Terry Smith to launch GEM investment trust

Fundsmith founder and City financier Terry Smith is planning to launch an investment trust focusing on emerging markets.

clock 24 January 2014 •

Investment

Miton sells off Liverpool funds arm, Hooper exits

Miton Group has agreed to sell its Liverpool-based funds business, Miton Capital Partners to Seneca Investment Managers in a £6m deal.

clock 24 January 2014 •

Regulation

Firms must assess CMC claims promptly and fairly, regulators warn

The Claims Management Regulator (CMR), Financial Conduct Authority (FCA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS) have issued joint guidance for firms on how to deal with claims management companies (CMC),...

clock 24 January 2014 •

Your profession

David Child joins Intelliflo as non-executive director

Adviser software provider Intelliflo has appointed David Child as a non executive director.

clock 24 January 2014 •

Mortgages

FCA forces Kensington to change 7,000 borrowers' mortgage terms

Kensington Mortgages will issue new terms and conditions to 7,000 of its borrowers after a ruling by the Financial Conduct Authority (FCA).

clock 23 January 2014 •

Pensions

Permitted investment list could stifle innovation

The use of a permitted investment list could stifle innovation in the SIPP and SSAS market according to Talbot & Muir.

clock 23 January 2014 •

Investment

Arch trial: Farrell disputes SPL's 'lack of truthfulness' claim

Arch Financial Products' chief executive Robin Farrell and compliance director Robert Addison have hit back at allegations they lied in court, saying these were false and unfair.

clock 23 January 2014 •
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