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News

Offshore Investment

Federation of European IFAs on further growth spurt

The Federation of European IFAs (FEIFA) is looking to extend and revamp its recruitment service to include accessing experienced advisers from Asia and Australasia. At the same time, it is looking to undertake a similar exercise in the UK in the near...

clock 02 August 2011 •

Wrap/platforms

Hargreaves shares fall 10% after FSA rebate ban proposal

Hargreaves Lansdown shares fell sharply in early trading today after the FSA said in yesterday's platform paper it wants to ban payments from fund managers to platforms and cash rebates to consumers.

clock 02 August 2011 •

Economics / Markets

US debt deal fails to lift market

A deal by US lawmakers to raise the country's debt ceiling passed its first hurdle last night but failed to lift shares after dreadful manufacturing data.

clock 02 August 2011 •

Economics / Markets

IMF recovery warning raises spectre of more tax hikes

The IMF has said Britain's economy has less capacity to grow quickly over the next few years than the government had hoped, raising the spectre of more tax rises and spending cuts to keep Britain's recovery on track.

clock 02 August 2011 •

UK

Barclays profits slump by a third

Barclays saw its pre-tax profits fall by a third during the first half of the year, with payment protection insurance (PPI) claims and reduced bond trading activity hitting earnings.

clock 02 August 2011 •

UK

Liontrust buys EM fund business Occam

Liontrust is set to acquire the fund management business of Occam, including its emerging markets and Asia teams in a £3.9m deal.

clock 02 August 2011 •

Investment

JPM Cazenove downgrades Bolton China trust

Analysts at J.P. Morgan Cazenove have downgraded Anthony Bolton's Fidelity China Special Situations trust due to its "weak" NAV performance since launch.

clock 02 August 2011 •

Offshore Investment

Threadneedle continues Asian growth drive

Threadneedle Investments has announced the appointment of June Wong to the position of Regional Vice Chairman, CEO Hong Kong, and Global Consultant Relations. Ms Wong will support Asia Pacific Chairman Raymundo Yu and Head of Distribution, Campbell Fleming,...

clock 02 August 2011 •

Insurer

LV= continues protection growth

LV= has revealed its protection new business increased 16% over the first six months of the year compared with the same period of 2010.

clock 02 August 2011 •

Income Protection

Charities attack government's 'dangerously misleading' benefit claims statistics

Fifty charities have hit out at the government for using ‘dangerously misleading' benefit claims statistics that are contributing to hatred towards disabled people.

clock 01 August 2011 •
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