News

The Co-operative Bank has appointed the former head of HSBC's North American propositions as its new chief executive.

Jon Pain, a former managing director and one-time interim chief executive of the Financial Services Authority (FSA), is to join state-owned Royal Bank of Scotland (RBS).

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment, Investment Week, IFAonline's sister title, can reveal.

The Financial Conduct Authority (FCA) is set to ban and fine a former non-executive director (NED) at two mutual societies for failing to disclose her conflicts of interest.

In this week's annuity-themed poll we ask: Should the Financial Conduct Authority review the direct to consumer annuity market?

Franklin Templeton is set to close Mark Mobius' $2bn Templeton Frontier Markets fund to new clients next month, Investment Week understands.

Housing minister Mark Prisk has acknowledged older first-time buyers may miss out on the government's Help to Buy scheme.

Britain's Crown Dependencies and Overseas Territories have re-affirmed their commitment to a global standard in tax transparency, which will lead to cost savings to businesses and government.

Close Brothers has reported positive net flows into its asset management division, with assets under management up 10% year to date.