News

Threadneedle Investments has confirmed the appointment of Campbell Fleming as its chief executive.

Outgoing Personal Finance Society (PFS) chief executive Fay Goddard has said she wants her legacy to be the recognition among the public of financial planning as a chartered profession.

Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), is having problems issuing payments due under the terms of its agreement.

A group of MPs has criticised government attempts to stimulate the economy, including quantitative easing, for being "expensive experiments".

Aegon distribution arms Positive Solutions and Origen pared back losses last year to end the period down £2m, an improvement from £6m losses in 2011, due mainly to cost savings.

Lord Myners, the former City Minister, has condemned lobbying of the government by the financial services industry, which has made fund managers rich at the expense of companies.

The German economy crashed at the end of last year as the crisis in the eurozone spread to the heart of the region.

Aegon has reported new life sales rose to £758m in 2012, up from £738m the year before.

Former Lloyds boss Eric Daniels has told MPs that 50% of mis-selling claims received by the bank related to payment protection insurance (PPI) were bogus, but a lot were paid out in the early days as staff struggled to handle the volume of claims.

Warren Buffett's Berkshire Hathaway has agreed to buy Heinz for $23bn, a 20% premium to yesterday's closing share price.