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News

Mortgages

Manchester Expo: MMR will boost intermediary channel

The mortgage industry is still awaiting the Mortgage Market Review (MMR) final rules this summer, but Virgin Money expects its direction to boost lending through intermediaries.

clock 23 May 2012 •

Equities

Investors sue Morgan Stanley and Facebook over IPO

Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following...

clock 23 May 2012 •

RDR

Hobbs: FSA 'finished with RDR'

The Financial Services Authority (FSA) has completed its consultation on the Retail Distribution Review (RDR), according to Lansons' head of regulatory consulting.

clock 23 May 2012 •

Multi-manager

Fidelity MMs drop Shah's Special Sits from Select List

Fidelity's multi-manager team has dropped Sanjeev Shah's £2.4bn Fidelity Special Situations fund from its Select List of preferred funds.

clock 23 May 2012 •

uncategorised

London & Colonial to launch Gibraltar QROPs

London & Colonial is eyeing Gibraltar as a home for its QROPS, as the island amends pension legislation.

clock 23 May 2012 •

Equities

SWIP stars left out of overhauled global equities team

Scottish Widows Investment Partnership (SWIP) has confirmed the members of its revamped global equities team who will be staying following its overhaul.

clock 23 May 2012 •

Wrap/platforms

AWD: We will remain independent

AWD Chase de Vere has stressed it will remain independent post-RDR and will not develop a restricted or simplified advice offering.

clock 23 May 2012 •

Regulation

Financial adviser jailed after swindling aunties out of £312k

A financial adviser has been jailed for two years after swindling three women, including two elderly aunties, out of £312,000.

clock 23 May 2012 •

Investment

More defendants face civil trial over GP Noble pension 'fraud'

A Gibraltar-based law firm and Australian financial advice firm have been added to the list of defendants in the £52m GP Noble civil lawsuit.

clock 23 May 2012 •

Economics / Markets

FTSE moves below 5,300 as equities slump again

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.

clock 23 May 2012 •
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