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News

Investment

Hedge fund sues Apple over $137bn cash pile

An activist shareholder is demanding US technology giant Apple pay out more of its $137bn (£87bn) cash pile to investors.

clock 08 February 2013 •

Protection

Zurich to launch protection on its platform

Zurich is set to offer its protection proposition on its retail platform later in the year, to offer IFAs a complete holistic view of financial plans.

clock 08 February 2013 •

First time buyers

AMI expects bumper year for mortgage advisers

The Association of Mortgage Intermediaries (AMI) said it expects advisers' share of the mortgage market to increase markedly this year as a raft of changes boost their prospects.

clock 08 February 2013 •

Managed solutions

Woodford sells out of long-standing position in Vodafone

Invesco Perpetual's Neil Woodford has sold his position in Voadafone, a former favourite in his two huge income funds.

clock 08 February 2013 •

Europe

Euro budget deal 'close' after through-the-night talks

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

clock 08 February 2013 •

Wrap/platforms

Hargreaves ready to respond to potential price war

Platform giant Hargreaves Lansdown has said it is ready for any price war started by rivals looking for a foothold in the direct to consumer market.

clock 07 February 2013 •

Your profession

Industry backs plans for basic financial education

A draft National Curriculum for England which includes plans for compulsory financial education at secondary school has been hailed as "a victory" by industry campaigners.

clock 07 February 2013 •

Equities

BlackRock reveals investors snapped up equities in January

Investors have been trading equities en masse according to the latest data from BlackRock, with 94% of a record $262.7bn of flows accounted for by the asset class last month.

clock 07 February 2013 •

Economics / Markets

Cardy: Mifid means IFAs still need separate trade body

Europe's Markets in Financial Instruments directive (Mifid II) distinguishes between independent and restricted advice, meaning a separate trade body for IFAs is still necessary, according to the founder of the IFACentre.

clock 07 February 2013 •

Wrap/platforms

Novia poaches another from Zurich sales team

Novia has appointed its second sales manager recruited from insurer Zurich.

clock 07 February 2013 •
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