News

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

Retail banks are the most likely driver of consolidation in the platform market, according to a leading back-office provider.

Dentons has reported an increase in the number of esoteric investment requests it has turned down as unsuitable for client self-invested personal pensions (SIPPs).

State pension payouts can vary from as little as £7 a week to £230 due to the ‘staggering' complexity of current regulations, the pensions minster has said.

European markets rose in early trading as investors awaited a meeting on Greece's future and possible anti-crisis action from policymakers.

The Financial Services Compensation Scheme (FSCS) has declared 21 investments firms in default, including a number of independent financial advisers and mortgage brokers.

The Financial Services Authority (FSA) is to instruct banks to charge for current accounts, according to a report by consumer group Which?.

Apple has overtaken Microsoft as the most valuable company of all time after its share price surged this week, pushing the value of the company to $623bn.

Barings has hired Christopher Mahon from RMB Asset Management to replace Toby Nangle, Investment Week, IFAonline's sister title, understands.

Jeremy Charles, manager of the £1.3bn Scottish Widows UK Growth fund, is the latest fund manager to exit the firm following the restructure of its £54bn equity desk.