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News

Economics / Markets

FTSE tumbles after poor US jobs data

The FTSE 100 fell 50 points, or just under 0.9%, in early trading on Tuesday as investors got their first opportunity to act on a disappointing US jobs report on Friday.

clock 10 April 2012 •

Offshore Investment

Exchange traded products back in favour

Net new assets for Q1 totalling US$67.2bn points to one of the best ever starts to the year for exchange traded products (ETPs).

clock 10 April 2012 •

Investment

Govt explores new types of pension schemes

The government is assessing new types of pension scheme designed to even out the risks between employer and employee following the closure of many final salary pensions by private firms.

clock 10 April 2012 •

Offshore Investment

BNY Mellon plans expansion in Asia-Pacific

BNY Mellon has announced "ambitious expansion plans for its Asia-Pacific investment management business" and has appointed Jane Caire to see the plans through in the newly created role of Head of Strategy & Development, Product & Marketing for Investment...

clock 10 April 2012 •

Tax Planning

Osborne 'shock' at tax avoidance by rich

The Chancellor has expressed his "shock" that some of the country's wealthiest people are able to organise their finances so they pay "virtually no" income tax.

clock 10 April 2012 •

Economics / Markets

Bank holidays 'cost economy £19bn'

Economists have suggested scrapping bank holidays in the UK in order to boost the country's struggling economy by as much as £19bn a year.

clock 10 April 2012 •

RDR

Consumer Panel says RDR guide does not go far enough

The chair of the Financial Services Consumer Panel (FSCP) has said the FSA's two-page consumer guide to the Retail Distribution Review (RDR) does not go far enough to explain upcoming changes to financial advice.

clock 05 April 2012 •

Regulation

Hoban lunched with bankers every fortnight

Financial secretary to the Treasury, Mark Hoban, was taken out for breakfasts, lunches and dinners 37 times in the 15 months to June 2011, official figures have revealed.

clock 05 April 2012 •

Your profession

Rathbone IM snaps up wealth manager in £950k deal

Rathbone Brothers' subsidiary, Rathbone Investment Management, has acquired wealth management firm RM Walkden & Company following a stream of hires.

clock 05 April 2012 •

Regulation

FOS rules Integrity investors have right to compensation

The Financial Ombudsman Service (FOS) today ruled investors who lost money in an Integrity fund will be considered for compensation to the tune of £1.9m.

clock 05 April 2012 •
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