News

London's FTSE opened 1.7% down this morning on a poor day for global stocks, following heavy losses in Asia and fresh fears for the Irish economy.

Officials in Ireland and the EU yesterday moved closer to conceding the heavily indebted nation may require a bailout.

Isabelle Bourcier is leaving Lyxor Asset Management after nearly ten years as global head of ETFs, to "pursue other opportunities in the ETF arena," a source close to the situation says.

Sesame Bankhall's MD of distribution is urging the FSA to back down on its decision not to introduce a 15-year long-stop on complaints, or face losing much needed corporate investment into the shrinking IFA sector.

Age UK is calling for more tailored products and services for the elderly, as they are much harder hit by the cost of inflation than the rest of the population.

SIPP provider Hornbuckle Mitchell has launched an in-house spousal bypass trust which aims to help investors reduce inheritance tax liabilities.

A report released in the US blaming ETFs for market distortions and threatening market stability has been undermined by industry experts as "filled with holes".

AWD Chase de Vere has stressed the importance of affinity relationships after extending its deal with the British Medical Association (BMA).

Positive Solutions and Origen posted a combined £1m profit in the third quarter as parent company Aegon noted a "considerable" decline in the value of new business.

Fidelity's Sam Morse is taking over management of the group's European Values trust, replacing Sudipto Banerji.