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News

Your profession

Cummings' exit: industry reaction

Advisers and industry leaders have expressed surprise over news Chris Cummings is to step down as director general of AIFA, as well as mixed reviews of his tenure.

clock 16 June 2010 •

UK

Cofunds urges 'united action' as FSA platform response delayed

Cofunds believes there is still time to influence the FSA and prevent a proposed ban on fund manager rebates and bundled charges as the regulator's response to the discussion paper is set to be delayed until September.

clock 16 June 2010 •

Your profession

Who should replace Cummings as AIFA director general?

Chris Cummings is to leave the trade association in August, but who would you like to see as his replacement?

clock 16 June 2010 •

Tax Planning

CGT rise attacked by BCC for 'penalising' business

The British Chamber of Commerce (BCC) warns the Government's planned rise in CGT on non-business assets would hit firms' assets too.

clock 16 June 2010 • 1 min read

Your profession

Chris Cummings quits AIFA

AIFA director general Chris Cummings is to leave the organisation in August to become CEO of the City of London's new promotional body.

clock 16 June 2010 •

Your profession

Cash from Lehman Europe could be released in early 2011

The administrators of Lehman Brothers' Europe business said today they could begin dividing up some £7.3bn from the failed bank early next year if creditors agree to a claims plan.

clock 16 June 2010 •

ETFs

Amundi launches S&P 500 ETF

Amundi ETF has launched a fund tracking the S&P 500 index, as part of its latest range listed on NYSE Euronext Paris.

clock 16 June 2010 •

Structured Products

Barclays Wealth adds 'reserve' option to Target Growth plan

Barclays Wealth has reissued its Target Growth plan with a new option giving investors an additional safety barrier for their capital.

clock 16 June 2010 •

Your profession

UK unemployed up 23,000 to 2.47 million

The number of people unemployed in the UK increased by 23,000 to 2.47 million in the three months to end-March, Office for National Statistics (ONS) figures show.

clock 16 June 2010 •

Mortgages

FSA bans three brokers for fraud

The FSA has banned three mortgage brokers from working in the financial services industry for committing serious mortgage fraud.

clock 16 June 2010 •
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