News

Sir Mervyn King voted to increase quantitative easing (QE) by a further £25bn at February's Monetary Policy Committee (MPC) meeting, latest minutes reveal.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.

Specialist bank and asset manager Investec has launched Investec Professional Mortgages, a new intermediary-only residential and buy-to-let brand tailored to professional borrowers.

Towry has taken on Iress's Xplan business software solution to manage client data in its back office.

J.P. Morgan Asset Management(JPMAM) has expanded its multi-asset fund range with the launch of a macro fund for James Elliot, who took over as head of the division in December.

Royal London's pensions arm, Scottish Life, has added six additional funds to its core investment fund range.

Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".

British workers are the worst prepared in the world for retirement, a new study has shown.

Workers and pensioners are being warned to double-check their tax codes or face being landed with shock bills that they cannot appeal.

Pressure is mounting on the boss of Lloyds to give up his bonus after the bank was rocked by yet another hit relating to a mis-selling scandal.