News

M&G has cut its position in St James's Place (SJP) after majority shareholder Lloyds sold down its own stake in the wealth manager.

Consumers are missing out on £18.3bn worth of compensation for the mis-selling of payment protection insurance (PPI) policies, according to research by claims management firm EMCAS.

Three top-performing UK equity funds run by merging fund houses Schroders and Cazenove Capital are close to reaching capacity.

The senior executives of collapsed bank HBOS will come under fire from MPs on Thursday with the publication of a damning report on the failed bank.

Colin Graham, BlackRock's co-head of global multi-asset strategies, is stepping down from his position at the firm after sixteen years.

The Personal Finance Society (PFS) has put together a buyer's guide for advisers on professional indemnity (PI) insurance, with top tips on what to look for when choosing cover.

The Association of Professional Financial Advisers (APFA) has called for the fees charged by the Financial Conduct Authority (FCA) to reflect the recent drop in adviser numbers.

The largest equity markets in the US have reached new record highs after an uptick in manufacturing data boosted investor sentiment.

Ashcourt Rowan's new head of funds research has moved to counter dwindling bond market liquidity by adding funds with "more stable" asset bases to the group's buy list.

Despite the anticipated cost of regulation, 25% of fund platforms anticipate greater profit margins in 2013, according to research undertaken on behalf of the Fund Platform Group (FPG).