News

The British Standards Institute (BSI) will develop a standard for compliance by retail and wholesale financial firms in the UK.

Confidence among active investors is at its highest in three and a half years, suggests research by the Association of Investment Companies (AIC).

Abbey for Intermediaries (AfI) has launched an exclusive broker deal for existing Abbey bank account customers.

Structured product provider Arc Capital & Income has today gone into administration.

Aramid Asset Management and Thomas Funds have jointly launched a long and short multi-asset fund offering capital preservation.

Standard Life has received broad agreements with all its top 12 fund partners over new business terms as the platform industry accelerates its re-negotiations with asset managers.

European shares dipped in early trading on Monday with banks reversing some initial gains after ING unveiled plans to launch a €7.5bn (£6.9bn) rights issue and split itself in two.

The saga of Bernard Madoff's record-breaking fraud has taken another twist after one of the top beneficiaries of his Ponzi scheme died.

Global consumers are still confident about offshore investment products, despite the sector being badly hit by the collapse of Landsbanki and Kaupthing Singer & Friedlander IOM, according to a survey by Skandia International.

Bradford & Bingley (B&B) is to divide its £50bn balance sheet into "good" and "bad" assets in an exercise that echoes similar plans at Northern Rock.