News

A group of consumer organisations, employers and trades unions have demanded that the government lifts the restrictions on the National Employment Savings Trust (NEST).

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Swift Trade, a non-FSA authorised Canadian company with global operations, £8m for market abuse.

Rupert Robinson, former chief executive of Schroders UK Private Bank, has joined Signia Wealth to spearhead the company's expansion plans.

The number of assets in underperforming 'dog' funds has more than halved since last summer, but more than £12bn remains stuck in such offerings, according to Bestinvest's latest 'Spot the Dog' list.

Majedie Asset Management has launched a UK Income fund for manager Chris Reid.

Threadneedle and Schroders are among the City firms that have been approached about buying a stake in the 316 Royal Bank of Scotland (RBS) branches the bank has put up for sale, according to reports.

Incoming Bank of England (BoE) governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.

The Financial Services Compensation Scheme (FSCS) is proposing to budget more than £7m for expenses related to recoveries in 2013/14, including from advisory businesses who recommended Keydata bonds.

Neil Woodford's giant income portfolios, two of the best performers over the past decade, have been given a ‘sell' rating in Sanlam Private Investments' (SPI) latest White List Income Study.

A Financial Services Authority (FSA) project to compensate thousands affected by the interest rate swaps mis-selling saga has been criticised for not having the victims' interests at heart.