News

Pension provider, Carey Group has appointed Tim Bush as their executive Director in Guernsey.

Wealth management consolidator Succession Advisory Services has added manager of managers SEI to its outsourced investment proposition, which it makes available to partner firms.

Aviva Investors' Chris Higham has slashed risk exposure in his £1.6bn Corporate Bond and £96m Strategic Bond funds, shifting 25% of the portfolio into cash on fears of a bubble forming in risk assets.

Veteran investor Jim Rogers has warned the US is nearing a financial crisis which will be worse than 2008, unless the government initiates draconian cuts.

The Investment Management Association (IMA) has called for an independent review into the collapse of Keydata and other investment firms and said the scale of recent failures has not been seen since the Barlow Clowes scandal of the 1980s.

Nathaniel Rothschild emphasised his status as one of the most powerful brokers in the booming commodities market yesterday as he unveiled plans to raise £1bn in just 11 days.

AWD Chase de Vere has taken on 17 advisers who previously worked for now-defunct Barclays Financial Planning.

Aviva said it is waiting with "bated breath" for publication of the platform policy paper - something it says could have a "fundamental impact" on how players operate.

Standard Life has appointed Paul Matthews as chief executive of its UK business.

State Street Global Advisors is launching its inaugural UK range of ETFs within the next quarter, as part of plans to launch more than 50 index-tracking funds in the next two years.