News

The chairman overseeing the winding up of the Arch cru fund range has begun legal proceedings against Arch Financial to reclaim multi-million pound losses to the cells he alleges were caused by the manager's "negligence and wrong doing".

The ETF market in the US is still gathering new customers as both retail and institutional investors become increasingly aware of the benefits they offer.

Hundreds of IFA firms are following a "blind alley" strategy and need to change course quickly or risk disappearing, suggests a recent study.

The Advertising Standards Authority (ASA) this week revealed it will press ahead with some complaints lodged by financial services professionals about the Money Advice Service (MAS).

Investors have piled out of UK and European equity funds amid the market turmoil and sought safe havens in money market and bond funds, according to activity on platforms over the past week.

Chancellor George Osborne will today update MPs on the British economy as turmoil continues on the world's stock markets.

Castlestone Management chief executive Angus Murray is to step down and be replaced by global head of sales Jerry Devlin.

The FTSE opened more than 2% higher on Thursday after the Dow Jones shed 520 points lower in overnight trading amid concerns that France would become the next economic superpower to lose its AAA rating.

Earnings at Aegon UK declined in the second quarter as the insurer continues to pay millions in customer redress following administrative problems at Scottish Equitable.

Politicians and traders have cut short their holidays to address the sharp falls in markets seen since the start of the month - but should they have stayed on the beach?