News

Otto Thoresen made a career change this week but who else is moving on?

The iShares S&P 500 ETF has become the largest exchange-traded product and index fund in Europe, with $9.2bn in assets under management (AUM).

FSA chief executive Hector Sants is thought to be uncomfortable with Governor Mervyn King's hardline stance on the banking system which helped hurl Britain into recesssion.

Only half of product providers are ready to deal with all the various possible adviser charging models post-RDR, according to new research.

Merchant House has taken on 120 ex-Clarkson Hill advisers and raised £345,000 in a share issue to help fund the growth of the business.

Only a third of the adviser market is far enough down the road to meeting the RDR deadline, according to Scottish Widows' head of distribution development Robert Kerr.

More than half of large blue chip firms are providing no independent financial advice to their employees before pension tax allowances are reduced, PwC says.

House purchase lending fell 26% in January to £4.2bn, as an "unusual combination of factors" drove buyers from the market, according to the CML.

Spain's banks have been told to find an extra €17bn (£14.5bn) to shore up their finances and prevent a collapse in confidence, which has hit the share prices of Barclays and RBS as both have exposure to the Iberian institutions.

Aetna has unveiled a new website, health and wellness programme and adviser sales contest as part of the launch of its new product range.