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News

Offshore Investment

KIIDs available for J.P. Morgan's Luxembourg range

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.

clock 20 April 2012 •

Offshore Investment

M&G Investments to offer local service in Asia

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.

clock 20 April 2012 •

Tax Planning

Labour fails to block 'granny tax' in Commons

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

clock 19 April 2012 •

Wrap/platforms

RDR prep eats into Cofunds' profits

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.

clock 19 April 2012 •

Investment General

Barclays revises Diamond's bonus after shareholder fury

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.

clock 19 April 2012 •

Industry

Mortgage broker jailed for fraud

A mortgage broker has been jailed for six and a half years after being found guilty of multiple mortgage frauds.

clock 19 April 2012 •

Your profession

Aviva Investors CEO Dromer to exit

Alain Dromer is to step down as CEO of Aviva Investors after insurance group parent Aviva revealed plans to simplify its business.

clock 19 April 2012 •

Economics / Markets

IMF raises £200bn to fight euro crisis

The International Monetary Fund (IMF) has raised an additional $320bn (£199bn) in a bid to boost its firepower to deal with the eurozone debt crisis.

clock 19 April 2012 •

Economics / Markets

Mervyn King branded a 'tyrant' by ex-MPC's Blanchflower

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."

clock 19 April 2012 •

RDR

FSA: Large firms may be stalling fees shift on purpose

The FSA has said that large firms may be stalling the move to pure adviser charging propositions because their competitors have not yet made the transition.

clock 19 April 2012 •
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