News

The decision by the European Central Bank (ECB) to cut interest rates is a "positive step" but more pro-growth polices are needed, according to the chief investment officer of Close Brothers Asset Management.

FIVE CHALLENGES CARNEY FACES

The European Central Bank (ECB) has cut interest rates to a new record low amid ongoing fears about the eurozone's economic health.

An ex-mortgage broker from Rainham in Kent appeared at Medway Magistrates' Court in relation to criminal offences brought against him by the Financial Conduct Authority (FCA).

The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).

The regulatory review into the residential interest-only mortgage market found no evidence of systemic mis-selling, the Association of Mortgage Intermediaries (AMI) has said.

Representatives for the Treasury and The Pensions Regulator have cast doubts on the suitability of a single workplace pension scheme regulator.

Investment trust broker Numis said it expects the discount on Schroder UK Growth to tighten, following this morning's announcement Julie Dean will take over managerial responsibilities for the trust.

Schroders' chief executive Michael Dobson has cautioned against further acquisitions, saying the firm will now focus on organic growth after completing a string of deals over the past year.

Standard Life has added a new withdrawal capability to its wrap, allowing advisers to maximise tax efficiency when funding adviser charging.