News

Taube Hodson Stonex Partners (THS) is launching a retail share class for its flagship £592m International Growth and Value fund, after parting company with St James's Place (SJP) late last year.

The Financial Services Authority (FSA) is holding discussions with asset managers over more effective ways to allow groups to close open-ended funds to new investors.

The Royal Bank of Scotland is to reduce the size of its investment bank by as much as £30bn and cut hundreds more jobs as the taxpayer-backed lender attempts to head off growing government pressure to close down the controversial division.

Taxpayers could face a £100 bn bill for the loss of Britain's much-prized AAA credit rating. The staggering sum, equivalent to 5p on the basic rate of income tax, comes from the Treasury's own forecast for a worst-case scenario.

Tens of thousands of pensioners and people approaching retirement have been sold worthless ‘trust' schemes that promised to protect their home if they went into care.

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

Tenet has made a number of appointments following the departure of Keith Richards to head the Personal Finance Society.