News

Peter Cockburn's £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.

The Financial Services Compensation Scheme (FSCS) has made its first payments to investors caught up in the collapse of MF Global.

Monetary Policy Committee(MPC) member Adam Posen has revealed his reasons for abandoning his call for further stimulus to boost the UK economy, following the publication of this month's minutes.

Shares in AIM-listed Merchant House Group (MHG) have been temporarily suspended pending the outcome of a review into whether it has sufficient working capital.

Strong growth from South Africa has underpinned an increase in business in the first quarter of 2012 for Fairbairn Private Bank. The bank has witnessed a 17% year-on-year increase, which is the strongest opening quarter for new business since the financial...

J.P. Morgan Asset Management has delivered Key Investor Information Documents (KIID) for its Luxembourg domiciled UCITS funds ahead of the 1 July 2012 deadline.

M&G Investments has appointed Andrew Hendry to the newly created position of Managing Director, Asia, to offer a more local service to distributors in Singapore and Hong Kong.

Labour has been defeated in its efforts to block controversial plans to freeze age-related income tax allowances for pensioners.

Cofunds has reported a 10% dip in profits for last year, citing investment in retail distribution review (RDR) readiness as the reason for the drop.

Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.