The UK's leading share index has fallen to its lowest level this year, slipping below 5,500, as Greece's continued failure to form a coalition government dampens risk appetite.

Fund groups are scrambling to develop risk-rated propositions ahead of the RDR deadline at the end of this year, with major houses including Jupiter planning how to enter the space.

The Association of Investment Companies (AIC) has suggested to members with modest investments in US securities that they may be better off not signing up to controversial tax initiative FATCA and taking the penalty charge.

Schroders reported a 6.6% rise in assets under management (AUM) in the first quarter of the year, but said pre-tax profits are down year-on-year.

The Association of Investment Companies (AIC) is urging members to stop publishing total expense ratios (TERs), instead recommending closed-ended funds disclose ‘ongoing charges' to give investors a greater level of clarity.

The Investment Management Association (IMA) committee carrying out a review of the Absolute Return sector is divided over whether to change the sector's name, Investment Week, IFAonline's sister title, reports.

European markets have paused for breath in early trading after yesterday's heavy sell off, as contagion fears in the eurozone resurfaced.

The UK economy shrank more than previously feared in the final quarter of last year, the latest official figures have revealed.

Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.

BUDGET