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News

Your profession

Five things your clients will call you about this week

Nationals round-up: Power of attorney, corporate bonds and tips for supercharging investments…

clock 13 June 2011 •

Offshore Investment

Icelandic court upholds KSFIOM appeal

Depositors who lost money with Isle of Man-based Kaupthing Singer & Friedlander finally have confirmation that the parental guarantee issued by the bank is valid and binding.

clock 13 June 2011 •

Investment

Woodford's value calls start to pay off

Neil Woodford's Invesco Perpetual income funds have leapt to the top of the performance tables after two years of underperformance as the manager's value calls finally start to pay off.

clock 13 June 2011 •

UK

Henderson to merge away Gartmore MM funds

Henderson Global Investors is to merge the three Gartmore Multi-Manager funds run by Tony Lanning and Bill McQuaker into its own range as part of an overhaul of its offering.

clock 13 June 2011 •

Service

FSA grants banks extension on PPI complaints

The FSA has agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints.

clock 13 June 2011 •

Economics / Markets

Barclays to pay out all PPI claims - papers

Barclays will pay out compensation to all customers it sold payment protection insurance (PPI) who made a complaint before 20 April.

clock 13 June 2011 •

Investment

FSA role in Arch Cru debacle raised in parliament

The Financial Services Authority (FSA) and fund administrator Capita are to come under fresh scrutiny about the collapse of Arch Cru, as 20,000 investors still wait for news about their investments.

clock 13 June 2011 •

Investment

Hargreaves and Wealth 150 attacked for 'secret commissions'-papers

Hargreaves Lansdown has been criticised in a national paper for not fully disclosing its financial arrangements with fund managers.

clock 13 June 2011 •

Investment

iShares' Hince joins M&G

Ex-iShares and Gartmore sales director Julian Hince has joined M&G as technical development director.

clock 13 June 2011 •

Your profession

Arise...Sir Mervyn King

You may not agree with all his policies but Bank of England governor Mervyn King has been knighted for his role in steering the UK through the financial crisis.

clock 13 June 2011 •
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