News

Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.

Henderson plans to merge away five of its retail funds as the group implements a widespread rationalisation and revamp of its product range a year on from acquiring New Star.

Morgan Stanley has launched a lending book for European ETFs across multiple issuers, to create greater liquidity and supply of ETFs for investors increasingly seeking to borrow these funds.

Mortgage borrowers are taking advantage of low interest rates to pay down their mortgage and other debt, while building up the money they hold in current accounts.

Pointon York has launched a corporate SIPP in conjunction with Old Broad Street Research and Præmium.

Société Générale and Barclays have launched a combined total of 28 exchange-traded notes (ETNs) on the London Stock Exchange (LSE).

Meteor Asset Management says it has now received the missing money which was delaying dividend payments on two NDFA plans.

The ranks of businesses awarded chartered status swelled by 23% in 2009, the Chartered Insurance Institute (CII) reports.

The FSA has fined the London branch of Commerzbank £595,000 for failure to provide accurate transaction reports.

Less than half of UK savers are prepared to pay fees for financial advice in findings which will be seized on by the anti-RDR lobby.