International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.

Sanlam Private Investments (SPI) has hired Ian Porter to the newly created position of head of wealth management, as the firm looks to to expand its footprint in the retail market.

The Investment Management Association (IMA) has urged fund groups to roll over past performance of existing fund retail classes to new ‘clean' RDR share classes.

BOLTON: MY OUTLOOK FOR 2013

Swiss bank UBS is expected to receive a $1bn fine, to settle LIBOR manipulation allegations, according to reports.

Skandia is planning to seed its new ‘Select' fund range with substantial institutional money from its life book in exchange for groups surrendering margin to join the exclusive panel of funds.

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Skandia has created an investment solutions team, headed up by James Millard, who will be tasked with creating the group's new 'Select' fund range.

Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.

Chancellor George Osborne has announced plans to increase next year's ISA limit from £11,280 to £11,520.