News

Fiscal Engineers managing director Shane Mullins has been named small and medium enterprise (SME) director of the year by the Institute of Directors (IoD).

Santander has confirmed it is "exploring the possibility" of the sale of a stake in its asset management division.

Financial advisers have embraced the Retail Distribution Review's (RDR) push for higher qualifications and are looking to extend their level of expertise beyond the mandatory QCF Level 4, an advisory support group said.

The proportion of high earners referring unresolved complaints to the Financial Ombudsman Service (FOS) almost doubled last year, illustrating, it said, that "few people are immune" from the effects of the economic crisis.

A debate on fund manager fees is likely to intensify following research suggesting some council pension funds are paying significantly more to asset managers than others.

The Co-operative Bank has appointed the former head of HSBC's North American propositions as its new chief executive.

Jon Pain, a former managing director and one-time interim chief executive of the Financial Services Authority (FSA), is to join state-owned Royal Bank of Scotland (RBS).

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment, Investment Week, IFAonline's sister title, can reveal.

The Financial Conduct Authority (FCA) is set to ban and fine a former non-executive director (NED) at two mutual societies for failing to disclose her conflicts of interest.