News

RWC Partners has hired John Bennett from JP Morgan Asset Management to lead its marketing to IFAs.

Investors are placing bets on a Black Monday-style crash in the UK stock market at the fastest rate since the collapse of Lehman Brothers in 2008, the Bank of England warns.

A number of BP's largest shareholders - including Legal & General and M&G - have cut holdings in the troubled oil giant during its recent share price slide.

People should be able to access pensions before retirement, says the Centre for Policy Studies, as part of a raft of proposals to reform the UK savings system.

The FTSE 100 was up 0.74%, or 38.31 points, at 5201.99 in early trading, with mining stocks the biggest winners.

BlackRock's Mark Lyttleton has opened a short position on Legal & General as the manager continues to be bearish on the insurance sector.

Share trading in Vantis, the parent company of IFA Vantis Financial Management, has been suspended after the group admitted it may not have sufficient funding to continue to trade on a going concern basis.

Trevor Castledine, chief operating officer at Future Capital Partners, is to step down from the role, the alternative investment boutique has announced.

Resolution Group, the consolidation vehicle which bought Friends Provident last year, is in talks to buy AXA UK's annuity, protection and group pensions business for £2.75bn.

Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.