News

The UK economy grew by 0.6% in the three months ending May, driven primarily by growth in the production and private services sectors, according to the National Institute of Economic and Social Research (NIESR).

Anti-capitalist protesters campaigning against the G8 summit in London forced some fund groups to instigate protocols which saw fund managers work from home today.

A group of 1,100 Harlequin investors is proposing to make an offer to the company's chairman, David Ames, to put the troubled overseas property company's assets in a trust while a managed wind down of the business is achieved.

The Personal Finance Society (PFS) has called for a better recognition of the rising standards in the professional advice community on the back of recently published complaints figures.

A lack of further easing from the Japanese authorities coupled with fears over QE in Europe rattled markets today, sending the FTSE 100 to a seven-week low, with asset managers among the biggest fallers.

The High Court has approved a procedure for distributing the approximately $1bn of client money held by the UK arm of failed investment firm MF Global.

A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.

National Savings & Investments (NS&I) is reducing the interest rates on its income bonds, Direct Saver and Direct ISA from September, to reflect the low interest rate environment.

Wealth managers in Hong Kong and Singapore put conflicting regulatory regimes high on the list of concerns when it comes to managing client data.