City funds prepare assault on excessive executive pay

Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.


FTSE license charges leave wealth managers seething

A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’


Brewin Dolphin expands in Cheltenham

Alex Barrell, head of the Cheltenham office said: “We are very excited about our move. We needed to find larger premises but didn’t want to leave Cheltenham so St James’ is perfect.


BNP's Prot denies bank assisted tax evaders

Reading heavily from notes, Prot - who for more than a decade helped oversee BNP's expansion into a sprawling but very euro zone-focused banking giant - played down the bank's presence in tax havens during a grilling from a Senate committee on t


Hargreaves Lansdown defies volatile markets

Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.


Banks plot to sue EU over bonuses

Banks have hired lawyers to look into suing the EU if Brussels imposes new restrictions on bonuses that they say would wreck their businesses, City A.M. has learned.


Europe's old wealth seeks new home in Asia

These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.


Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.


One fifth of rich want to flee Britain ‎

One in five Britons with more than £250,000 in savings are thinking of living abroad because they are tired of crime, poor weather and the high cost of living, the wealth management arm of Lloyds Banking Group said on Monday.