UK - Threadneedle Investments chief executive Simon Davies has denied claims that he called investors greedy and stupid.
Davies reportedly said investors who were driven by greed deserved some of the blame for the losses incurred after the market turned because they had failed to diversify their portfolios.
But he said his true targets were fund managers who exploit first-time investors by launching risky products such as split-cap investment trusts.
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.