News

Returns on cash deposited by SIPP and SSAS investors are far too low, according to a survey of 100 pension IFAs.

Lloyds Banking Group will cut a further 5,000 roles from its UK operations by the end of next year, it confirmed today.

The AIC thinks the EC's proposed Alternative Investment Fund Managers Directive (AIFD) will result in an increased climate of risk - but is "cautiously optimistic" that it can be overturned.

US equities finished higher in fairly quiet trading on Monday, with the S&P 500 closing up (+2.2%) for a sixth straight session.

IFDL, the company behind the Ascentric wrap, is reviewing its Fundsdirect business with a view to a possible sale.

Sellers are returning to the housing market but buyer interest is slowing, according to the latest Royal Institution of Chartered Surveyors (RICS) UK housing market survey.

Astor Asset Management has launched a mutual fund of ETFs, combining its Long/Short Balanced ETF programme with active management.

Barclays profits for the first nine months of the year dropped by almost a fifth following a £6.2bn payout of bad debts charges.

Jubilee Financial Products has cancelled the Early Redemption Plan Issue 4 after it failed to meet with new FSA guidelines.

Schroders has posted a £3.7bn net retail inflow in the third quarter of the year, as the asset manager's strong 2009 continues.