News

The chairman of the suspended EEA Life Settlements fund has written to investors after its auditors said the fund is worth $100m less than the value stated in the company's annual update.

European Union lawmakers have narrowly rejected a proposal to cap fund managers' bonuses, a decision which would have blocked payouts from exceeding annual salaries.

MULTI-ASSET

The tribunal hearing brought forward by former JP Morgan Cazenove chairman of capital markets Ian Hannam, following his Financial Services Authority (FSA) fine and ruling last year, has begun today.

Two Aberdeen Asset Management employees have been killed in a road accident while cycling from Land's End to John o'Groats on a charity bike ride.

The Targeted Absolute Return sector was the best-selling IMA sector in May, with £255 million in net retail sales, well above its average figure for the year.

Chase de Vere today announced steep losses for 2012 of £11.2m, impacted by the £14.4m set aside to cover the costs of its Keydata legal battle and compensating clients sold Arch Cru and payment protection insurance.

National advisory firm Foster Denovo has appointed Dave Elliott to the role of head of business development for the south.

The Institute of Financial Planning (IFP) has launched a new brand for consumers to make them aware of the value of professional financial planning.

Just 15 months after its creation, The Beaufort Group is seeking a finance director to help lead the group's next phase of growth.