News

The ability to trade ETFs on exchange is becoming increasingly important, says the London Stock Exchange's head of ETFs.

Alan Wardrop is stepping down from his position as finance director at Succession Advisory Services as part of a management shakeup at the consolidation vehicle, coinciding with the move to a new head office.

Brett Williams, the former head of both the Skandia and Cofunds platforms, has joined the board of boutique fund house Insynergy Investment Management, as a non-executive director.

The US is planning to sue more than a dozen major banks for misrepresenting the quality of mortgages they sold during the housing bubble, the New York Times reports.

Barclays Capital has launched three products in its offshore bond structured deposit series.

A new incentive for charitable legacies which also qualifies for tax relief has prompted The Society of Trust and Estate Practitioners (STEP) to draft a model clause.

The FSA has obtained a High Court injunction against a number of companies and individuals who made more than £1m from manipulating the market in UK shares.

The Institute of Financial Planning (IFP) has launched an online learning programme designed to help advisers fill any knowledge gaps they may have ahead of the Retail Distribution Review (RDR).

IFA services provider Tenet is offering all advisers interest-free loans to cover the cost of meeting new minimum qualification requirements ahead of the Retail Distribution Review (RDR).

Assets under management in European exchange-traded products (ETPs) reached a record €243bn last week, Lyxor reports.