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News

UK

Inv Perp merges UK small-cap funds as Crossley departs

Invesco Perpetual plans to merge its two UK smaller companies funds following the departure of Andy Crossley at the end of the year.

clock 04 November 2010 •

ETFs

Barclays releases iPath ETN with exposure to European volatility

Barclays has launched an exchange-traded note (ETN) designed to provide exposure to medium-term European volatility.

clock 04 November 2010 •

Your profession

OFT warns new banks stifled by red tape

The OFT has warned new entrants into the retail banking sector are being stifled by regulation and are finding it hard to attract new customers.

clock 04 November 2010 •

Your profession

Stephen Gay to join AIFA on 1 December

Stephen Gay will take up his role as the new director general of AIFA on 1 December, replacing Chris Cummings.

clock 04 November 2010 •

Your profession

FSCS wrong to levy advisers for Keydata claims, court hears

The FSCS decided to allocate Keydata compensation claims to the investment intermediation sub-class before consulting the industry and ignored calls for a review into its decision, a court heard today.

clock 04 November 2010 • 2 min read

Investment General

Northern Rock CEO Hoffman quits for NBNK

Gary Hoffman, chief executive of nationalized bank Northern Rock, stepped down from his role today to head up NBNK Investments.

clock 04 November 2010 •

uncategorised

Shaughnessy joins PICA management board

The Pension Income Choice Association (PICA) has appointed Fidelity UK managing director Gary Shaughnessy to its management board.

clock 04 November 2010 •

Economics / Markets

BoE unmoved by Fed on QE

The Bank of England today rejected a fresh bout of quantitative easing and kept interest rates on hold for the 20th consecutive month.

clock 04 November 2010 •

Bonds

IMA: Record Q3 for Global Bond sector

Global Bond was the top selling retail sector in September with inflows pushing the category to its best ever quarterly showing in Q3.

clock 04 November 2010 •

uncategorised

Saga plans mass lobby against pension age hike

Ros Altmann, director general of Saga, is leading a widespread campaign by the organisation to challenge the increase in the state pension age (SPA).

clock 04 November 2010 •
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