News

Germany, the strongest country in the eurozone, has vetoed any increase in the €440bn rescue package.

Wealth manager Ashcourt Rowan's revenues for the six months to 30 September rose 28% compared to the same period last year, while losses were reduced for parent company Syndicate Asset Management.

HSBC has launched an ETF providing exposure to Turkey on the London Stock Exchange, boosting the array of emerging markets funds on offer.

Research by Tenet Lime has revealed 33% of brokers are looking to exit the mortgage industry in the next five years, with two-thirds of those planning to leave before the end of 2012.

Flows into physically-backed industrial metal ETCs are not expected to artificially inflate metal prices, based on analysing existing products in the market, ETF Securities says.

Ireland has unveiled the most draconian budget in its history with €6bn of cuts and public sector pension reductions ahead of an expected €85bn bailout from the EU and IMF.

Skandia Investment Group (SIG) has cut an £8m mandate run by Gartmore's Ben Wallace from its £62m UK Strategic Best Ideas fund, pointing to "disappointing" returns.

The deficits of the 200 largest private pension schemes have grown by 50% since 2006, according to Aon Hewitt.

Merchant Investors, part of Sanlam UK, has launched a risk profiling tool designed to give a more complete picture of a client's approach to risk.

Adviser Bluefin Insurance Services has appointed Mike Crisp to the newly created role of business development director in its corporate risks division.