While global growth in Q2 looks set to considerably outdo that of Q1, we are starting to see a divergence between the growth forecasts for developed and emerging countries, points out Andy Brunner, head of investment strategy and asset allocation for Morningstar OBSR.
22% of IFAs expect an increase in the number and size of fines inflicted on firms, while more than half will avoid more providers because of poor information management systems, according to research by EDM Group.
Professor John Kay is to act in an advisory capacity for online discretionary investment manager Nutmeg and has made a “substantial” investment in the business.
Former RP Martin Holdings brokers Terry Farr and James Gilmour have been charged with conspiracy to defraud in connection with the ongoing Libor investigation.
Alan Glendon is joining Janus Capital International as UK financial institutions sales director for the EMEA region as part of the firm’s push into that sector of the market.
Investment companies have raised £2.7bn in the first half of the year, of which just under half has been through new issues on the London Stock Exchange.
Christina Sinclair, acting director of retail at the FCA is leaving the regulator to take on a new compliance role at Barclays.
Coutts has appointed Mark McFarland as global chief economist and executive director, a newly-created role.
China's GDP continues to grow but its level of growth dropped for the second consecutive quarter as Premier Li Keqiang's policies to rein in his country's credit boom start to kick in.
Thesis Asset Management's latest hires are a continuation of ambitious expansion plans given it has already sailed through its target of £5bn in AUM by September this year.
Standard Life Investment is to convert its UK Property Fund into a property authorised investment fund (PAIF) so unitholders can benefit from the more favourable tax terms attached to the vehicles.
HSBC has launched a short duration high yield bond fund focusing on provision of a total return and maintenance of a low interest rate.
