News

RWC partners has hired a host of employees to support the launch of its US equity long short funds in October.

Way Fund Managers (WFM) chief executive, David Pook, is to retire from the firm at the end of September with a number of changes also announced to the group's third party division, Elite.

The Financial Services Compensation Scheme (FSCS) says it expects an influx of claims against mortgage brokers in 2009/10 after banking failures saw it pay out more than £21bn in total in the last financial year.

Thames River Capital has added a quartet of offshore funds to the Cofunds platform to continue its expansion into the retail sector.

The FSA has banned a Cornwall mortgage broker for submitting false information on mortgage application forms.

Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.

Miners are leading the FTSE 100 higher this morning, as Barclays announced a near £3bn pre-tax profit for the first half of 2009.

Royal London 360° has scooped a ratings boost in a recent financial strength report by AKG Actuaries and Consultants.

Pulse Insurance has entered the Income protection (IP) market. As with the firm's life and medical products it will be aimed at the impaired life and difficult to place market.

Medicare International has launched a new international private health insurance policy option, Executive Plus, aimed at working and retired expatriates worldwide. Clients can now choose between four levels of cover.