News

Asset managers Neuberger Berman has appointed Robert Schlichting as its Managing Director and Head of Distribution in Germany and Austria.

Auditors PricewaterhouseCoopers (PwC) has been fined £1.4m for failing to spot client money handling errors at J.P.Morgan bank.

France's minister for European affairs, Jean Leonetti, has signaled plans for a Europe-wide financial transaction tax will be legalised by the end of 2012, despite opposition from countries including the UK.

Trade union Unite has branded plans by the Royal Bank of Scotland (RBS) to axe staff from its investment banking division as "appalling".

IFAs are increasingly positive about the protection market's prospects for 2012, according to a new survey.

Stress and mental health have taken a back seat as UK bosses worry most about employee's work/life balance Group Risk Development (GRiD) has said.

Europe's single currency reached a 15-month low against the dollar following a French bond auction which saw almost all of the €8bn of debt targeted being sold.

Advisers have been warned that failure to set up trusts correctly could land their clients - and themselves - in hot water.

Deputy prime minister Nick Clegg has suggested the Budget 2012 will contain new rules to tackle tax dodging by the rich.

A trial date for the recovery of assets of Joe Ezaz, the former senior partner of a law firm who is accused of misappopriating €9.8m of investors' cash in the Stirling Mortimer Global Property fund, has been set.