News

An investment banker, his wife and a close friend have pleaded guilty to eight counts of insider dealing in a case brought to court by the FSA.

iShares has changed the names of two of its ETFs, effective as at the end of last week.

Firms' refusal to pay their case fees to the FOS until the outcome of a judicial review into PPI mis-selling could exhaust the Ombudsman's reserves in six weeks and force it to raise its industry levy by as much as 25%.

BNY Mellon Asset Servicing has over $200bn in ETF assets under administration, following growth of over 46% in 2010.

The financial Ombudsman (FOS) is calling for a budget increase of up to £15m in 2011/12 to deal with a shift towards harder-fought cases, but says it will freeze case fees and its general annual levy for the second year running.

Threadneedle has appointed former Goldman Sachs executive director Irina Miklavchich as fund manager of its £129m Global Emerging Markets Equity fund.

Dr Ros Altmann has called on the government to reintroduce inflation-linked certificates as pensioners battle the rising cost of living.

Serenity Financial planning has become the latest firm to sign up to Nucleus as the IFA-owned wrap looks to substantially grow its number of member firms this year.

Cofunds is doubling the size of its platform consultancy team from eight to 15 people.

Mark Garnier MP says ill-feeling towards AIFA and the CII is "widespread" in the letters he receives from IFAs, who say the bodies either fail to represent or listen to their members.