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News

Offshore Investment

Waverton drops performance fees on equity funds

Waverton, J O Hambro Investment Management's fund range, has announced the removal of performance fees on its four Dublin-based equity funds.

clock 08 November 2011 •

Regulation

FATCA will be 'as big as RDR', industry leaders fear

Industry leaders have warned the upcoming FATCA regulations from the US are "as big as RDR" and could cost the UK hundreds of millions of pounds.

clock 08 November 2011 •

Wrap/platforms

Heartwood agrees multiple platform tie-ups in IFA drive

Investment management firm Heartwood has inked deals with a host of platforms as it looks to gain traction in the IFA market with a new investment proposition.

clock 08 November 2011 •

Charging

Divisions emerge on post-2012 fund charging

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

clock 08 November 2011 •

Regulation

BofE governor should step down after eight years

MPs on the Treasury Select Committee have called on governors at the Bank of England to serve a maximum of eight years before stepping down.

clock 08 November 2011 •

Bonds

Coutts facing £6m fine for AIG bond sales

Coutts, the private bank owned by the Royal Bank of Scotland (RBS), is expected to be fined in the region of £6m by the Financial Services Authority (FSA) today for the mis-selling of bonds issued by failed US insurer AIG.

clock 08 November 2011 •

Your profession

AIFA posts £200k deficit after 'challenging' year

The Association of Independent Financial Advisers (AIFA) posted a deficit approaching £200,000 in the 12 months to 30 June 2011, despite putting cost cutting measures in place.

clock 08 November 2011 •

Your profession

Lloyds makes £3.9bn loss after PPI hit

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for payment protection insurance (PPI) claims.

clock 08 November 2011 •

Individual

Axa puts "patient journey" online

Axa PPP healthcare has posted 33 videos on its website to help members to better understand the ins and outs of undergoing private medical treatment.

clock 07 November 2011 •

Investment

De Niro to play Bernie Madoff in movie

Hollywood legend Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

clock 07 November 2011 •
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