News

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.

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

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

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.

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."

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.

Tenet Group has made a number of changes to its board, with current chairman Lord Hodgson of Astley Abbotts leaving and Martin Greenwood taking up the position of executive chairman.

The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.

Wealth manager Hargreaves Lansdown has reported a new record for assets under administration despite an expected slowdown in investor activity and increased competition.