News

Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

HSBC Global Asset Management has launched a UCITS-compliant frontier markets fund. HSBC's existing Luxembourg-based fund, the New Frontiers Fund and launched before frontier markets were UCITS compliant, will be merged into the new fund.

At the same time that Jersey's Financial Services Commission signs a Memorandum of Understanding with the Emirate's Central Bank, a licence to operate on Jersey has been granted to the Abu Dhabi Commercial Bank (ADCB).

Final entries for the Professional Adviser/Baillie Gifford Financial Education Award 2012 are now being accepted.

The European Fund and Asset Management Association (EFAMA) says the economic cost of a financial transactions tax would, in practice, be borne by end consumers throughout Europe including individual savers and those participating in pension plans.

Standard Bank has appointed Seán Flanagan as Head of Compliance to develop and deliver the compliance capabilities of its its operations in Jersey, the Isle of Man and Mauritius.

www.letstalkgrouprisk.co.uk has been launched in response to increased interest from advisers in group risk issues.

Administering auto-enrolment is an "absolute nightmare" for large employers, according to Marks & Spencer.

The Financial Services Authority (FSA) has appointed the group finance director of Rathbones to a non-executive role on board of the Financial Services Compensation Scheme (FSCS).