News

European leaders last night bowed to the inevitable and conceded Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro, according to reports.

Jim O'Neill, Chairman of Goldman Sachs Asset Management GSAM, gives his inimitable assessment of last Friday's economic news which delivered a number of negatives.

Lazard Asset Management is looking to Ireland to set up its latest fund based on the group's $500m multi-asset class emerging markets investment program.

Having been told by international advisers that almost half of all trust cases written are used to mitigate IHT, Skandia has responded with the launch of its Limited Liability Loan Trust for personal trustees.

Despite last month's significant price movements in US treasuries, yields are still below the levels seen at the end of last year.

US pension funds have filed an amended complaint alleging "rampant nepotism" and failed corporate governance" at News Corp. in light of the ongoing phone hacking scandal.

F&C Investments' Julie Dent is set to retire from fund management on 30 September and will hand over the reins of the £490m British Assets investment trust to Phil Doel.

The Chartered Insurance Institute (CII) has appointed Graeme Sutton as director of corporate development.

The Treasury will publish accounts drawn up in the same way as those of listed companies for the first time this week, and include pension liabilities on the balance sheet, as part of the Office for Budget Responsibility's (OBR) assessment of public finances....

The Government today issued a call for evidence as part of considerations to simplify the way it deals with income tax and National Insurance contributions (NICs).