News

Retail investors' money in underperforming funds has leapt by 74% to £23.16bn, an increase of over £10bn since November 2010, according to Bestinvest.

Towry has outlined its ambition to become the leading light in the wealth advisory sector after posting a solid set of financials for H1, including a 29% increase in AUM.

You may face a more inquisitive client this week after the Observer took a closer look at what asset management reports say...and what they really mean.

Guernsey Finance has visited China to strengthen industry relationships in both Shanghai and Beijing.

The FTSE 100 has opened 3% higher after the Dow Jones added 250 points overnight on better retail data and news of a Greek bank merger.

The tax contribution of the Premier League's 20 clubs is set to exceed £1bn this season thanks to the rising cost of player wages.

SIPP specialist and wealth manager Mattioli Woods has acquired TCF Global Independent Financial Services and its subsidiary, Kudos Independent Financial Services, in a deal worth up to £8.69m.

Rules that would require financial advisers in Australia to get clients to opt in to their services every two years - and send them a fee schedule every 12 months - are failing to win support among some key stakeholders.

Britain's banks are directly responsible for more than a third of the country's economic slump since September 2008, official figures show.

UK banks need to focus on lending and paying back taxpayers and should not be distracted by more regulation, the head of the British Bankers' Association has said.