News

Investec is launching an inflation-linked fund, targeting a return of CPI inflation plus 5%, as part of an expansion of its Managed Solutions fund range.

Franklin Templeton is launching an Africa fund for veteran investor Mark Mobius, making it the latest fund group to test investor appetite for the world's second-largest continent.

Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.

People living in the Somerset village of Hinton St George have the longest life expectancy in the country, according to research from Towers Watson.

AllianceBernstein has designed a capped drawdown product it says will give pensioners "breathing space" before they buy an annuity.

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

French president Nicolas Sarkozy has lost the first round of the presidential election to his socialist rival Francois Hollande.

Chancellor George Osborne has played down plans to limit tax relief for charitable giving.

Banks and consumer groups are to meet on Monday with a view to "restoring trust" in the process of making payment protection insurance (PPI) claims direct to the provider.

Spanish and Italian bond prices have continued their decline as G20 leaders told European politicians responsibility for the debt crisis lies with them.