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News

Fixed Income

JPM replaces Anderson on Sterling Corporate Bond fund

J.P. Morgan Asset Management (JPMAM) has appointed Andreas Michalitsianos to run its £200m Sterling Corporate Bond fund following the departure of John Anderson.

clock 15 August 2013 •

Equities

The great consolidation? Fund closures accelerate again in Q2

The European mutual fund industry shrunk by 1.3% in the second quarter, with a net decrease of more than 400 funds, as the number of mergers and closures began to accelerate again.

clock 15 August 2013 •

Investment

Threadneedle reveals shortlist for annual art prize

Threadneedle has announced the shortlist for the sixth annual Threadneedle Prize, a competition for figurative and representational painting and sculpture.

clock 15 August 2013 •

RDR

Keith Richards hails advisers' 'strength and quality'

Personal Finance Society (PFS) CEO Keith Richards has praised advisers for showing strength and resilience in the wake of the Retail Distribution Review (RDR), after Financial Conduct Authority (FCA) figures suggested intermediaries are re-entering the...

clock 15 August 2013 •

Income

Treasury to promote Equitable compensation after damning criticism

The Treasury is to launch an advertising campaign promoting the Equitable Life compensation scheme after a damning report said its performance had been "unacceptably poor".

clock 15 August 2013 •

Regulation

FCA figures show adviser numbers up 6% since 31 Dec

The number of financial advisers operating in the UK has risen in the first half of the year as intermediaries re-enter the market, according to the Financial Conduct Authority (FCA).

clock 15 August 2013 • 1 min read

Economics / Markets

Fitch Ratings: Breakup of RBS unlikely

Fitch Ratings has said any potential break-up of Royal Bank of Scotland (RBS) is 'unlikely' as the costs and risks would outweigh the benefits.

clock 15 August 2013 •

Housing market

UK risking new house price bubble - economists

Measures to increase confidence in the UK housing market could herald a new house price bubble, economists have warned.

clock 15 August 2013 •

RDR

Ban on commission hits Zurich retail bond sales

Insurer Zurich UK has reported a drop in income from its private client business following the ban on commission introduced as a result of the Retail Distribution Review (RDR).

clock 15 August 2013 •

Regulation

IFA among four charged over £23m biofuel fraud

The Serious Fraud Office (SFO) has charged four men, including an independent financial adviser (IFA), with fraud in connection with the promotion of biofuel investment products through SIPPs to UK investors.

clock 14 August 2013 •
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