United Kingdom

Investment | 25 May 16

Three men convicted of defrauding investors out of almost £80m ($116.4m, €104m) in a London-based Ponzi scheme to fund their lavish lifestyles have been sentenced to nearly 20 years in prison.

Investment | 25 May 16

Summer 2016 will present a number of geo-political concerns for investors – the biggest of which is the run up to, and the aftermath of, the EU Referendum vote. Click through the slides below to see what Tom Stevenson, investment director for personal investing at Fidelity International, suggests investors can do to prepare themselves for a potential summer of volatility.

Best Practice | 25 May 16

Fund research and ratings group RSMR has launched a platform to host its suite of seven risk-aligned Rfolios, with further passive and socially responsible investing-focused (SRI) model portfolios being considered.

Companies | 23 May 16

Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.

Equities | 23 May 16

Baltimore-headquartered asset manager Legg Mason is to launch an income-oriented global infrastructure fund. Managed by the group’s Australia-based subsidiary Rare Infrastructure, the fund will be made available to investors in the UK onshore fund range.