Investment General

Partick Evershed's claims he and other staff members were bullied by New Star Asset Management founder John Duffield have been dismissed by three of his ex-colleagues.

An oft-cited reason for selecting a distributor influenced fund (DIF) over an independent vehicle - that it can mitigate clients' capital gains tax (CGT) liabilities - is not a strong enough standalone reason for recommending it, the FSA has said.

Ashcourt Rowan chief executive Jonathan Polin has purchased 200,000 shares in the business as the company lists on AIM.

The Bank of England has warned lenders it is considering changes to the way bonuses are measured to make it far harder for investment bankers to justify their multi-million pound awards.

Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.

Sanlam Private Wealth has written to lawyers for the Financial Services Compensation Scheme to dispute their claims that it gave negligent advice on Keydata products, saying it has never advised on the investments.

The government yesterday said the credit crunch which plagued markets in 2008 has returned.

The Investment Management Association (IMA) consulted just four IFAs about the overhaul of its Managed sector model.

The Financial Services Authority (FSA) has fined and banned a network director for failing to ensure advisers under his management were qualified and competent.

A banned financial adviser who was last week arrested for misleading investors as part of a investigation by the Financial Services Authority (FSA) and West Midlands police has been named.