Money Marketing
Chris Salih Editorial

Chris joined Money Marketing in January 2007 covering investment and is now online and investment editor. Prior to MM, Chris worked for Incisive Media on its MultiManager publication from 2005 to 2007. Chris won Headlinemoney investment trade journalist of the year in 2008.

Aberdeen caps inflows into popular EM portfolio

9 February 2012

Aberdeen Asset Management is to stem flows into its £9bn emerging market fund range, managed by Devan Kaloo.
Liontrust is adding two new funds as assets leap

9 February 2012

Liontrust Asset Management is adding two more funds to its range following a 14 per cent increase in assets under management for the final quarter of 2011.
UK heading for a technical recession

9 February 2012

The National Institute of Economic and Social Research has warned that the UK economy is set to enter recession in the first half of this year.
Aberdeen to soft-close £2.7bn emerging markets fund

3 Feb 2012

Aberdeen Asset Management is stemming flows into £9bn emerging markets fund range by asking IFAs to remove the funds from their buylists.
UK to enter recession in 2012, warns Niesr

3 Feb 2012

The UK is set to enter recession in the first half of 2012, the National Institute of Economic and Social Research has warned.
Calls for Ex-Lloyds chairman to be stripped of knighthood

2 Feb 2012

A Lloyds investor group has asked the head of the civil service to strip former Lloyds chairman Sir Victor Blank of his knighthood.
Government takes appeal to Supreme Court after solar feed-in tariff defeat

2 February 2012

The Government is to make a second appeal against a High Court ruling which found that its decision to lower solar feed-in tariff payments was illegal.
Liontrust prepares dual fund launch as assets jump 14%

1 Feb 2012

Firm to launch European absolute alpha and Asian income funds in Q1.
Alan Miller: £18bn of "hidden" dealing costs each year

31 Jan 2012

SCM Private launches new code of conduct after research from the firm suggest over £18bn a year in hidden costs in dealing alone.
Jupiter fund manager Patrick Harrington leaves firm

31 Jan 2012

Jupiter undervalued assets fund manager Patrick Harrington has quit the firm with immediate effect.
European markets fall over eurozone worries

30 Jan 2012

Markets across Europe have fallen today as worries continue to rage over the eurozone’s most debt ridden countries.
Fidelity calls for fund transparency amid Ryanair pricing concerns

30 Jan 2012

Fidelity Worldwide Investments has called on the asset management industry to create an industry standard in a bid to offer to greater transparency for fund charges.
Perspective acquires Gateshead-based IFA

30 Jan 2012

Perspective Financial Group announced has acquired Gateshead-based IFA practice, Vivienne Shepherd Limited.
Swip appoints chief economist

30 Jan 2012

Swip has appointed Dr Lucy O’Carroll to the role of chief economist.
US set to tone down Fatca requirements

30 Jan 2012

US to rethink Fatca rules amid concerns over privacy laws.
RBS boss Hester rejects £1m bonus

30 Jan 2012

RBS chief Stephen Hester to waive £1 million bonus.
JPMorgan: We considered quitting troubled eurozone

27 Jan 2012

JPM chief says the firm considered quitting Ireland, Italy, Portugal, Greece and Spain.
Hester bonus to be less than £1m, say reports

26 Jan 2012

RBS chief executive Stephen Hester is set receive an annual bonus of between £800,000 and £950,000, say reports.
Govt to make second appeal to overturn High Court solar ruling

26 Jan 2012

Huhne says the Government is to looking to appeal to the Supreme Court.
Ex-Lloyds chief Daniels joins advisory firm

26 Jan 2012

Daniels joins firm which specialises in restructuring debt for companies in need of new financing.
Invesco targeting capital securities with global fund

26 January 2012

Invesco Perpetual has launched a global financial capital fund under the management of co-heads of fixed income Paul Causer and Paul Reed and chief investment officer Nick Mustoe.
Government loses appeal to overturn High Court solar ruling

25 Jan 2012

The Government has lost its appeal against a High Court ruling that its decision to lower solar feed-in tariff payments was illegal.
King: Taxpayer-backed firms must offer fair bonus structure

25 Jan 2012

BoE governor calls for fair decisions on bonuses.
King: UK recovery will be arduous, long and uneven

25 Jan 2012

King said there was scope for more QE if needed.
IMF downgrades global growth forecast for 2012

24 Jan 2012

The IMF has warned that the global economy is “deeply in the danger zone” because of risks from the eurozone.
European markets fall amid concern over Greece debt talks

24 Jan 2012

European stock markets have fallen today as talks between Greece and its private bondholders stall.
IMF chief calls for larger eurozone bail-out fund

23 Jan 2012

Lagarde says extension is needed to prevent the likes of Spain and Italy going into default.
Bonham Carter: Industry must get back to basics

23 Jan 2012

Jupiter chief says large cap, dividend paying equities are the key to success in the current deleveraging cycle.
RSM Tenon chairman and chief exec step down

23 Jan 2012

Bob Morton steps down as chairman and Andy Raynor as chief executive.
Money Advice Service chiefs share £100k bonus pot

23 Jan 2012

MAS chief Tony Hobman and four senior managers shared a £100,000 bonus pot.
Finance manager has £5m confiscated over Friends Prov fraud

20 Jan 2012

A fraudster has had almost £5m confiscated from him after exploiting Friends Provident between 2005 and 2009.
St. James’s Place says 80% of partners now RDR-ready

19 Jan 2012

Firm says 80 per cent of its members are now at diploma level status.
UK unemployment rises to 2.68m

18 Jan 2012

UK unemployment rose by 118,000 in the three months to November 2011 to stand at 2.68m, according to the ONS.
Mervyn King rejects MPs' call for supervisory board

17 Jan 2012

King says instead of reforming Bank’s court, a new in-house oversight committee should be set up.
FTSE jumps in early trades

17 Jan 2012

The FTSE has risen by more than 1 per cent in early trades.
UK inflation falls to 4.2%

17 Jan 2012

The UK consumer prices index has fallen to 4.2% in December, according to the Office for National Statistics.
FTSE live: Markets make late gains

16 Jan 2012

European markets turn positive in late trading.
Nucleus hires managing director

16 Jan 2012

Nucleus has bolstered its senior management team with the appointment of John McNeil as managing director.
Arch Financial faces £150m legal action over cru funds

16 Jan 2012

The board of 18 Guernsey-listed investment vehicles is suing Arch Financial for £150m over the failing of the £400m Arch cru fund range.
Looking on the cheap side

16 Jan 2012

Only one in five funds produced a positive return last year, according to figures from Morningstar, as markets reacted to social, political and economic concerns.
RBS to cut 3,500 jobs

12 Jan 2012

Royal Bank of Scotland is to cut around 3,500 jobs as it sells and shrinks parts of its investment bank.
Schroders adds to multi-asset team

11 Jan 2012

Schroders has appointed Ian Maybury as head of solutions in the multi-asset and portfolio solutions group.
KPMG defends its role as MF Global administrator

10 Jan 2012

MF Global administrator KPMG has defended its role in recovering assets for creditors and clients in the failed broker.
Standard Life strikes deal to take GARS fund to the US

10 Jan 2012

SLI has teamed up with John Hancock Mutual Funds to offers GARS fund to the US retail market.
FTSE 100 rises in early trades

10 Jan 2012

The FTSE 100 has risen by more than 1% in early trades in reaction to the better-than-expected start to the U.S. corporate earnings season.
KPMG faces criticism over ‘slow’ MF Global wind-down

9 Jan 2012

KPMG set for backlash over slow progress in recovering MF Global cash and assets.
Coalition to tackle excessive boardroom pay

9 Jan 2012

The coalition is looking at allowing shareholders a right to veto share packages and deals.
RBS restructure plan puts 10,000 jobs under threat

5 Jan 2012

Royal Bank of Scotland is looking to sell of its investment banking arm as part of a restructuring plan that could see up to 10,000 jobs cut from the firm.
FTSE kicks-off 2012 with 2% rise

3 Jan 2012

FTSE 100 jumps 2.2 per cent to stand at almost 5,700.
Government to appeal High Court solar ruling

3 Jan 2012

The Government has decided to appeal against a High Court ruling which said its solar feed-in tariff payments were illegal.
M&G appoints deputy manager on EM and Asian funds

3 Jan 2012

M&G has appointed Colm D’Olier as deputy manager on two funds.
60% of absolute return funds lose money in 2011

3 Jan 2012

Only 25 out of 65 funds produced a positive return in 2011.
US investors to sue Lloyds

3 Jan 2012

US shareholders in Lloyds are launching a lawsuit against the bank demanding compensation for its takeover over HBOS.
High Court rejects first Arch cru judicial review bid

3 Jan 2012

Justice for Financial Services is now planning an oral request at the Royal Courts of Justice.
Gilt funds dominate top-performers in 2011

30 Dec 2011

UK gilt funds dominated the top performance charts in 2011, according to figures from Morningstar.
Euro hits 10-year low versus the yen

29 Dec 2011

Euro falls to lows as concerns grow on Italian debt.
ABI and banks set for talks over “out of control” bonuses

28 Dec 2011

The ABI is set to hold a number of face-to-face talks with bank chief executives over payouts in the new year.
US regulator fines Barclays £1.9m for sub-prime failure

23 Dec 2011

Fine relates to the misrepresentation of sub-prime securitisations.
Fitch - US could lose AAA rating by 2013

22 Dec 2011

Ratings agency says US rating is under threat if politicians do not tackle growing debt problem.
Phoenix Group finance director quits

21 Dec 2011

Phoenix Group finance director Jonathan Yates is leaving the firm to join Guardian Financial Services as chief executive.
Moody’s warns UK faces “formidable and rising challenges”

21 Dec 2011

Ratings agency says that the UK is only partially cushioned from the crisis.
ABI launches new OMO code of conduct

20 Dec 2011

New draft proposals designed to encourage more shopping around at retirement for an annuity.
HMRC slammed by MPs over £25bn tax escape

20 Dec 2011

A committee on MPs has accused the HM Revenue & Customs of offering ‘cosy’ deals with big businesses to settle their tax bills.
Government set to approve banking split

19 Dec 2011

The Government is set to approve the Vickers’ report.
Northern Rock sale to be investigated by NAO

19 Dec 2011

The £747m sale of Northern Rock to Virgin Money is to be investigated by the National Audit Office.
IMF chief: Leaders must stop global depression

16 Dec 2011

Christine Lagarde has warned that no country is safe from the growing economic concerns.
Wagstaff quits SIG for Henderson

15 Dec 2011

Phil Wagstaff has quit his role as SIG investment chief after only two weeks to join Henderson Global Investors.
UK unemployment increases to 2.64m

14 Dec 2011

UK unemployment rose by 128,000 between August and October to 2.64 million.
Goodwin may face criminal charges over RBS accountancy failings

14 Dec 2011

RBS directors may face criminal charges over failing to adhere to the UK Companies Act.
Swip launches European high yield bond fund

13 Dec 2011

Steve Logan and Lesley O’Neill will manage the 75-stock portfolio.
Zemek hands Axa IM sterling bond fund to Hayes

13 Dec 2011

Theo Zemek passes management of the £130m fund to Nick Hayes.
UK inflation falls to 4.8%

13 Dec 2011

The UK consumer prices index has fallen to 4.8% in November.
Moody’s: EU still lacks decisive policy measures

12 Dec 2011

Moody’s says EU remains prone to further shocks.
Warning to BoE that more QE may fail

12 Dec 2011

BIS says quantitative easing will have a limited effect.
FSA admits RBS failings and calls for tougher penalties for bankers

12 Dec 2011

FSA says it supervisory approach “provided insufficient challenges to RBS”.
German stock-exchange says FTT must not hit private investors

2 Dec 2011

Boerse Stuttgart says the tax would disadvantage Germany and wider Europe.
FTSE rises in early trades

2 Dec 2011

FTSE 100 is up more than 1.5 per cent.
ECB chief: Eurozone needs closer fiscal ties to solve crisis

2 Dec 2011

Draghi said binding governments to strong rules on public finances was the important element to restoring confidence in markets.
AS 2011: Seed scheme has limited appeal for mass market

1 Dec 2011

Advisers say seed enterprise investment schemes designed to boost start-ups will not be of interest to leading EIS providers.
EEA suspends dealing in life settlements fund

1 Dec 2011

Move follows FSA concerns over life settlements.
European markets fall in early trades

1 Dec 2011

Markets fall following yesterday’s gains.
AS 2011: Axing £1m VCT ceiling could transform the sector, says AIC

1 December 2011

AIC director general Ian Sayers says Chancellor George Osborne’s decision to scrap the £1m investing limit for venture capital trusts will provide a boost to the sector.
Markets jump after “QE on steroids” announcement

30 Nov 2011

FTSE is up over 3 per cent
IMA adopts ABI model for managed sectors

30 Nov 2011

New names set out for active, balanced and cautious sectors.
AS 2011: AIC welcomes relaxing of VCT rules

29 Nov 2011

AIC says new rules remove the “red tape” from the VCT sector.
AS 2011: Plan A success dependant on eurozone, says F&C's Scott

29 Nov 2011

Ted Scott says Chancellor George Osborne will need the outlook for the eurozone to improve for his current plan to work.
Markets jump on hope of £500bn IMF bailout for Italy

28 Nov 2011

Markets jump on hope of £500bn IMF bailout for Italy.
Rebel shareholders challenge Hargreaves Lansdown director pay deals

28 Nov 2011

Shareholder activist Pirc calls for investors to oppose the pay deals for directors.
Lloyds mulls £6m “golden hello” to solve boardroom crisis

28 Nov 2011

Lloyds wants to cut down RSA finance chief George Culmer’s 12-month notice period.
Axa puts Bluefin up for sale

28 Nov 2011

Axa has appointed Fenchurch Advisory Services to assist in the sale of Bluefin Advisory Services.
Nutt: Pendulum swinging towards UK income

25 Nov 2011

Tony Nutt says any bull market in equities must be led by company dividend growth.
European markets make early gains

24 Nov 2011

European markets bounce back after yesterday’s falls.
Two arrests made in FSA investigation into unauthorised financial advisers

23 Nov 2011

The FSA has taken action against two individuals suspected of providing financial advice when not authorised to do so.
MPC members divided over inflation risk

23 Nov 2011

Policymakers are divided on whether there may be a need for more QE in the future.
Lloyds confirms two bidders for branches

23 Nov 2011

Bank is also continuing to work on an IPO as a potential alternative to direct sale.
BoE member slams "dishonest" bank lobbying over reform

23 Nov 2011

Robert Jenkins slams banks for their short-termist lobbying tactics.
FSCS faces interest rate rise on £20bn loan deal

17 November 2011

Treasury financial secretary Mark Hoban says the Government is looking to increase the interest rate paid by the Financial Services Compensation Scheme on its £20bn loan agreement.
Five arrests made in FSA land banking investigation

16 Nov 2011

Arrests relate to land banking through an unauthorised collective investment scheme.
Ashcourt Rowan set for £8.5m cash injection

16 Nov 2011

New shares in the company will allow the firm to make cost reductions of £5.2m a year.
Unemployment rises to 2.62m

16 Nov 2011

The number of unemployed people has risen by 129,000 in the three months to September.
M&G’s Riddell warns of “most worrying day” of the crisis so far

16 Nov 2011

Mike Riddell says France may lose its AAA rating.
EC plans tougher rules for credit rating agencies

15 Nov 2011

EC wants to make them more transparent, accountable and competitive.
Markets down on more eurozone concerns

15 Nov 2011

FTSE falls almost 1 per cent.
UK inflation falls to 5%

15 Nov 2011

UK inflation falls to 5% in October.
Sesame and Henderson team up for investment launch

14 Nov 2011

Sesame Bankhall has teamed up with Henderson Global Investors to launch a new investment arm for its clients.
FTSE blog: 'eurozone to enter recession in 2012'

11 Nov 2011

Markets recover as Italian bond yields drop below danger point.
Nutt: Inflation could hit 8%

11 Nov 2011

Jupiter income manager Tony Nutt believes inflation could reach 8% in the UK by 2015.
Government wants to increase rates on £20bn FSCS loan

10 Nov 2011

Hoban says current terms of £20bn loan are “no longer appropriate”.
Schroders announces £101.6m pre-tax profits for Q3

10 Nov 2011

Schroders has announced pre-tax profits of £101.6m for the third quarter of 2011.
Markets fall as Italian borrowing costs hit 7%

9 Nov 2011

Markets across Europe have fallen this morning as concerns around Italy continue to grow.
Phoenix appoints managing director of fund services

9 Nov 2011

Phoenix Fund Services has appointed Tony Reed as managing director.
CBI cuts UK growth forecast

9 Nov 2011

CBI expects the UK to narrowly avoid recession.
IMF chief Lagarde: Global economy at risk of ‘lost decade’

9 Nov 2011

The head of the IMF Christine Lagarde has warned that the global economy may be facing a “lost decade”.
Markets regain majority of losses despite Italy concerns

7 Nov 2011

Markets regain most of their losses in early trades.
Markets fall as concerns are raised over Italy

7 Nov 2011

Markets across Europe have fallen in early trades as fears grow about political uncertainty in Italy.
RBS announces £2bn pre-tax profits for Q3

4 Nov 2011

Royal Bank of Scotland has reported pre-tax profits of £2bn in the three months to September 30.
JP Morgan mulls specialist natural resources funds

4 Nov 2011

JP Morgan head of UK retail sales Jasper Berens says the firm may look at introducing a number of specialist products in th natural resources sector.
Steer to raise UK growth fund holdings in overseas earners

4 Nov 2011

Artemis fund manager Tim Steer expects to raise exposure to 75 per cent.
Gregson taking over JP Morgan flagship fund

3 November 2011

JP Morgan Asset Management fund manager Ian Henderson is stepping down from the day-to-day running of the firm’s flagship £2bn natural resources fund.
Henderson quits global currency

3 November 2011

Henderson has closed its global currency offering, including its £36.7m horizon global currency fund, global currency hedge strategy and various managed accounts.
Lloyds chief Horta-Osorio steps back on health grounds

2 Nov 2011

Outgoing finance director Tim Tookey takes on the role of acting chief executive.
MF Global broke customer cash rules

1 Nov 2011

Stockbroker MF Global broke rules requiring it to safeguarding client’s money, the firm’s regulator has claimed.
Credit Suisse cuts another 1,500 jobs

1 Nov 2011

Job cuts are on top of the 2,000 made in July.
UK GDP grows by 0.5% in Q3

1 Nov 2011

The UK economy grew by 0.5% in the three months to the end of September.
FTSE blog: FTSE down 2% at close

Online - November 2011

Markets fall following Greece referendum announcement.
FTSE blog: Markets down at close

Online - November 2011

Markets down despite early confidence.
Stockbroker MF Global UK enters special administration regime

31 Oct 2011

Stockbroker MF Global UK is the first company to enter a special administration regime.
FTSE down almost 3 per cent at close

31 Oct 2011

The FTSE 100 has fallen almost 3 per cent at close to stand at 5,544.22
Bramdean confirms D2C platform launch

31 Oct 2011

Bees and Honey to launch by the middle of next year.
Threadneedle appoints Neil Robson to global equities team

31 Oct 2011

Robson joins from Martin Currie Investment Management.
FTSE blog: FTSE falls by 0.2%

28 Oct 2011

FTSE falls after early gains.
Capita makes individual offers to Arch cru investors

28 Oct 2011

Investors have until December 2012 to accept the offer with payment made within six weeks of receipt by CFM.
Cameron: London under constant attack from EU regulations

28 Oct 2011

Cameron has slammed European Union regulators after claiming that the City of London is “under constant attack” from Brussels directives.
Henderson closes currency arm

27 Oct 2011

Henderson is closing its global currency offering.
Ian Henderson to step down from JPM natural resources fund

26 Oct 2011

Henderson to step down from day-to-day fund management from January 2012.
Vince Cable fined for failing to pay VAT

26 Oct 2011

Cable fined £500 for failing to pay up to £25,000.
Kames Capital poaches multi-manager property team from ING REIM

25 Oct 2011

Kames Capital appoints property trio from ING REIM UK.
King warns QE will not guarantee rise in bank lending

25 Oct 2011

Bank of England governor says latest round of QE will not guarantee a boost in bank lending.
Premier appoints Jacob Robbins to global alpha fund

24 Oct 2011

Premier Asset Management has appointed Jacob Robbins as lead manager of the Premier global alpha growth fund.
FTSE passes 5,500

24 Oct 2011

Markets rise on eurozone hopes.
Lloyds considers floating bank branches

24 Oct 2011

Lloyds Banking Group is considering flotation after failing to attracts a strong enough price for branch portfolio.
Markets fall over eurozone division

20 Oct 2011

FTSE 100 falls below 5,400 in early trades.
Cable: UK could slip back into recession

20 Oct 2011

Business Secretary said he could not promise the UK would not enter a double-dip recession.
Business boost for HL

20 October 2011

Hargreaves Lansdown saw a 24 per cent rise in new business in the first quarter of its 2011/12 financial year despite reporting a fall in total assets under administration.
Rating companies turn to Spanish banks to cut grades

20 October 2011

Rating agencies Standard & Poor’s and Fitch Ratings have downgraded a raft of Spanish banks, including Santander and BBVA’s Spanish operations, following deterioration in the Spanish economy.
Spain and Italy face further ratings downgrades

19 Oct 2011

Moody’s downgrades Spanish bonds while S&P cuts credit rating of 24 Italian banks and financial institutions.
Six million set for tax rebate

19 Oct 2011

HMRC says a further 1.2m are set to receive a bill for £600.
King: Time running out to solve global crisis

19 Oct 2011

King said having low interest rates and QE would only “delay and exacerbate the final reckoning for the West”.
Post Office guarantees best insurance quotes for IFAs

18 Oct 2011

The Post Office has guaranteed to beat all business renewal quotes for independent financial advisers offices.
Shares fall over France and China worries

18 Oct 2011

The FTSE has dropped below 5,400.
Isa limit set to rise by £600

18 Oct 2011

Isa limit set for £600 boost on the back of inflation figures.
UK inflation rises to 5.2%

18 Oct 2011

The UK consumer prices index has risen to 5.2 per cent in September on the back of hikes in energy prices.
RBS may cut another 5,000 jobs

17 Oct 2011

Royal Bank of Scotland may cut another 5,000 jobs as part of a major restructure of its global investment banking division.
Barings appoints John Burns as COO

17 Oct 2011

Burns replaces the retiring John Misselbrook
FTSE passes 5,500

17 Oct 2011

FTSE passes 5,500 on eurozone hope.
Cofunds appoints Jim Clay as business development manager

17 Oct 2011

Cofunds has appointed Jim Clay as business development manager.
Scot Life repays 17,000 with-profits policyholders

17 Oct 2011

Scottish Life has begun to repay policyholders after admitting it has underpaid them between January 2010 and March 2011.
HMRC targets 6,000 Swiss bank accounts

13 Oct 2011

HMRC is set to write to UK residents and organisations holding Swiss bank accounts with HSBC in Geneva who have yet to report all their income and gains.
Hargreaves Lansdown sees 24% jump in new business in Q1

13 Oct 2011

HL sees assets on its Vantage platform fall 9 per cent due to market volatility.
Direct platform for JPJShare

13 October 2011

JPJShare.com has launched a direct-to-consumer fund platform for investors.
Ignis economist predicts QE3

13 October 2011

Ignis chief economist Stuart Thomson has predicted that the Bank of England will launch another round of quantitative easing in February 2012.
Jacques joins Allfunds in expansion role

13 October 2011

Allfunds Bank has appointed Laurie Jaques as head of sales development for the UK and Ireland.
Seven jailed for £8m boiler room fraud

13 October 2011

Seven men found guilty of an £8m boiler room fraud were sentenced to a total of 40 years at Ipswich Crown Court last week.
UK unemployment hits 17-year high

12 Oct 2011

Unemployment hits 2.57 million.
Spanish banks downgraded by S&P and Fitch

12 Oct 2011

Standard & Poor’s and Fitch have downgraded a raft of Spanish banks, citing a deteriorating outlook for the Spanish economy.
HMRC fines 1.5m taxpayers for late self-assessments

11 Oct 2011

Fines are up 56 per cent in the past five years.
BlackRock corporate bond fund manager quits

11 Oct 2011

BlackRock head of sterling portfolios for fundamental fixed income Paul Shuttleworth has quit the firm after 11 years.
FTSE continues to rally

10 Oct 2011

The FTSE 100 is up almost 2 per cent at close as markets continue to rally.
First State appoints Richard Wastcoat as non-exec

10 Oct 2011

Former Fidelity chief joins the firm as the first non-exec director
Barings appoints head of Latin American equities

10 Oct 2011

Baring Asset Management has appointed Michael Simpson as head of Latin American equities.
SocGen shareholders not told about £127m fraud

10 Oct 2011

French bank Societe Generale did not tell its shareholders that it fell victim to a further £127m fraud.
MPC’s Weale: More scope for QE

10 Oct 2011

Monetary Policy Committee member Martin Weale believes there is “quite a lot of scope for more quantitative easing”.
Cameron: Time running out for eurozone

10 Oct 2011

David Cameron has warned European leaders that they have only a matter of weeks to avert an economic disaster.
BoE governor fears “worst ever” financial crisis

7 Oct 2011

Meryn King says this may be the worst financial crisis “ever” and also hints that inflation could hit 5% next month.
FTSE blog: FTSE up over 3.5% at close

6 Oct 2011

The FTSE continues to make up losses made earlier this week.
F&C chief exec Alain Grisay to retire

6 Oct 2011

Grisay to step down from the board and as group CEO in May 2012.
Hall picked as head of multi-manager at Schroders

6 October 2011

Schroders has appointed Rob Hall as its new head of multi-manager.
Financial transaction tax is unfair unless stamp duty reserve is scrapped, says AITC

6 October 2011

Association of Investment Companies director general Ian Sayers says the financial transaction tax should only be introduced in the UK at the expense of the existing stamp duty reserve tax.
Flows turn against absolute return

6 October 2011

Absolute return funds have witnessed their biggest outflows for the last three years, according to the latest figures from the Investment Management Association.
Rambourg set for Paris hedge fund launch

5 Oct 2011

Former Gartmore star manager Guillaume Rambourg is poised to launch his own hedge fund venture in Paris.
Allfunds Bank appoints head of sales for UK and Ireland

5 Oct 2011

Allfunds Bank has appointed Laurie Jaques as head of sales development UK & Ireland.
Boiler room fraudsters sentenced to 40 years

5 Oct 2011

Seven men face a total of 40 years imprisonment after £8m bio-diesel investment fraud.
EU ministers look at measures to protect banks

5 Oct 2011

EU ministers are considering a number of bank aid plans amid growing concerns.
Cameron calls for UK safeguards in eurozone talks

4 Oct 2011

Prime Minister David Cameron has said that UK interests must be protected if eurozone countries begin to seek closer integration on the back of the European debt crisis.
Swip appoints James Carver as investment director

3 Oct 2011

Scottish Widows Investment Partnership has appointed James Carver to the role of investment director for absolute return bond funds.
JO Hambro launches two Asia funds

3 Oct 2011

JO Hambro Capital Management launches two Asia funds.
FTSE blog: FTSE closes up 2.89%

Online - October 2011

Markets continue to jump on eurozone deal.
FTSE blog: FTSE down over 2.5 per cent at close

Online - October 2011

European markets fall sharply as Greek concerns remain rife.
FTSE blog: FTSE makes small gains as EU leaders gather in Brussels

Online - October 2011

FTSE up 0.5 per cent.
FTSE blog: FTSE up 3% at close

Online - October 2011

The FTSE 100 has rallied alongside other European markets.
Cofunds appoints Paul Miller as risk and compliance director

29 Sep 2011

Cofunds has appointed Paul Miller as risk & compliance director, subject to FSA approval.
German parliament approves extension of EU bailout fund

29 Sep 2011

The German parliament has approved an extension of the EU’s main bailout fund.
Treasury and FSA set to clash over Northern Rock bid

29 Sep 2011

The Treasury and the FSA are ready to clash over a proposal to allow bidders for Northern Rock’s “good” bank to take about £500m out of the lender.
Arch cru £54m compensation deal could face judicial review

29 September 2011

Pressure group Justice in Financial Services has applied for a judicial review of the FSA’s £54m compensation package for Arch cru investors.
Breedon will retire from L&G next year

29 September 2011

Legal and General chief executive Tim Breedon is retiring from the firm at the end of next year.
Dan Roberts quits Eden Financial for Fidelity

28 Sep 2011

Dan Roberts has quit Eden Financial after two months to join Fidelity.
New European transaction tax could hit investors hard

28 Sep 2011

IMA warns that new European Commission proposals could see pension and Ucits investors being taxed more than once.
FTSE 100 rises following early losses

26 Sep 2011

FTSE 100 is up 1 per cent despite falling beneath 5,000 in early trades.
High tension

26 Sep 2011

Some managers believe it could be time to consider a return to high-yield bonds. Chris Salih reports
FTSE 100 closes up for the day after regaining early losses

23 Sep 2011

The FTSE 100 has regained some of its losses after falling below 5,000 earlier today.
FTSE 100 slumps 4.64% at close as US markets continue to fall

22 Sep 2011

Stock markets react to US Federal Reserve plans to stimulate struggling economy.
L&G chief executive Tim Breedon to retire

22 Sep 2011

Legal and General chief executive Tim Breedon is to retire from the firm at the end of next year.
UBS trader charged with £1.3bn fraud

16 Sep 2011

The UBS trader who is alledged to have lost £1.3bn through unauthorised trading has been charged with fraud.
Dennehy issues strategic bond warning

16 Sep 2011

Dennehy Weller managing director Brian Dennehy has warned investors to steer clear of strategic bond funds with large high-yield bond exposure.
UBS trader makes £1.3bn loss on unauthorised trade

15 Sep 2011

Swiss bank UBS says it has discovered an unauthorised trade could result in a £1.3bn loss.
Overseas funds soar as onshore slumps

15 September 2011

Net retail sales of overseasdomiciled funds increased by 49 per cent to £254.9m in July, up from £171m in June.
Moody's downgrades two French banks

14 Sep 2011

Credit Agricole and Societe Generale were both downgraded due to Greek debt exposure.
UK inflation rises to 4.5 per cent

13 Sep 2011

The UK consumer prices index has risen to 4.5 per cent in August, according to the Office for National Statistics.
Seven men found guilty of £8m investment fraud

12 Sep 2011

Seven men have been convicted at Ipswich Crown Court for their role in an £8m boiler room fraud.
Bank shares hit as FTSE 100 falls over 2%

12 Sep 2011

Leading banks in the UK have seen their share price fall as they face major reorganisation.
First State soft-closing five Asia Pac and global funds

8 September 2011

First State Investments is soft-closing five specialist Asia Pacific and global emerging market funds.
Swift Trade challenges regulator's £8m ruling

8 September 2011

The FSA has fined trading platform Swift Trade £8m for market abuse.
Newton plans up to 25% dividend cut on higher income fund

7 Sep 2011

Firm also plans to merge trio of UK funds.
NS&I withdraws popular savings certificates from sale

7 Sep 2011

NS&I withdraws fixed interest and index linked saving certificates after four months.
Bestinvest appoints head of investment management

6 Sep 2011

Bestinvest has appointed Gareth Lewis as head of investment management.
OMAM hires Kevin Lilley from Royal London

6 Sep 2011

Old Mutual Asset Management has poached Kevin Lilley to manage its £71m European equity fund.
FTSE rises in early trades

6 Sep 2011

The FTSE 100 has risen by almost 1 per cent in early trades.
FTSE 100 falls 3.6 per cent at close

5 Sep 2011

Markets across Europe have fallen sharply today as debt fears have resurfaced across the continent.
Ex-Cofunds chief Brett Williams joins Insynergy

2 Sep 2011

Former Cofunds chief executive Brett Williams joins the investment boutique as non-exec director.
Advisers backing move away from absolute return term

2 Sep 2011

Advisers have welcomed Morningstar’s plan to move away from the term “absolute return” by introducing 18 new alternative investment categories.
Multi-managers cut cash and make passive move

2 Sep 2011

Multi-managers are selling out of cash and adding risk through equities and exposure to passives in response to the market volatility.
Hargreaves plans to increase advice proposition as profits leap

1 Sep 2011

Firm plans to grow its fee-based advice service as profits increase 42%.
FTSE blog: FTSE down 1% at close

Online - September 2011

Blue-chip index briefly fell below 5,000 in early trades.
MetLife moves into Jersey market with two bonds

1 September 2011

MetLife is making its first move into the Jersey market with the launch of guaranteed growth and guaranteed income bonds.
Arch cru investors to receive payment offer by end of October

31 Aug 2011

Investors to find out entitlement from £54m CF Arch cru investment package by the end of October.
Pru sets out next raft of M&G mergers

31 Aug 2011

Prudential has unveiled the next wave of funds it wants to merge into M&G funds as part of a move to separate its retail and insurance arms.
FSA fines firm £8m for market abuse

31 Aug 2011

The FSA has fined Swift Trade £8m for market abuse.
Argonaut appoints Edward James as COO

31 Aug 2011

Argonaut Capital Partners has appointed Edward James as its chief operating officer.
Cable hits back over banking reform row

31 Aug 2011

Business Secretary Vince Cable has insisted that banking reforms in the UK must go ahead.
Legg Mason plans US equity income fund

30 Aug 2011

Legg Mason is adding to its UK retail range with the launch of a US equity income fund managed by New York-based ClearBridge Advisors.
FTSE blog: FTSE 100 rises 2%

30 Aug 2011

Banks lead the bounce for the blue chip index.
Markets unchanged following Bernanke speech

26 Aug 2011

Markets have remained flat following Ben Bernanke’s decision to hold off on QE3.
Hargreaves Lansdown cuts online share deal charges

26 Aug 2011

Hargreaves Lansdown has lowered its charges for online share dealing in a bid to make its pricing more competitive with other players.
MetLife plans move into Jersey

25 Aug 2011

MetLife has appointed Paul Frankland as sales development manager as part of its plans to expand its product range into Jersey.
Ignis profits fall 18 per cent

25 Aug 2011

Ignis Asset Management has seen its operating profits fall 18 per cent in the first half of 2011.
Jupiter slashes cash weightings across £6.8bn Merlin range

24 Aug 2011

Multi-manager team significantly cuts the cash weightings across Merlin range.
S&P’s president steps down

23 Aug 2011

Deven Sharma has stepped down less than a month after the firm controversially downgraded its credit rating of the US.
FTSE live: FTSE 100 falls over 5 per cent this week

19 Aug 2011

The FTSE 100 is down over 5 per cent this week at the close of trading.
Van Der Wielen appointed MD of Friends Life International

19 Aug 2011

Former Clerical Medical chief executive John Van Der Wielen hired as managing director.
Gary Potter points to absolute return fears

19 Aug 2011

Thames River co-head of multi-manager Gary Potter has warned investors that now could be a dangerous time to invest in the absolute return sector.
Octopus takes over £40m Brewin Dolphin EIS service

18 Aug 2011

Octopus Investments is acquiring Brewin Dolphin’s £40m enterprise investment scheme portfolio management service.
Arch Cru cell firms set for multi-million legal fight

18 August 2011

The board of the cell companies that make up the Arch cru funds is preparing to launch a multi-million-pound legal claim against Arch Financial Products over its management of the failed range.
JP Morgan deal will speed cash return to Arch cru clients

18 August 2011

Arch cru investors should see part of their investment returned to them at a faster rate after JP Morgan Private Equity Limited announced it is acquiring some of the remaining fund assets in a deal worth £56.5m.
Director jailed over £30m ‘Ponzi’ investment scheme

17 Aug 2011

Vintage Hallmark director Richard Gunter has been jailed for his role in a £30m investment fraud.
No MPC members vote for rate rise

17 Aug 2011

MPC members all agree to keep rates on hold.
Liontrust reports net sales of £13m

17 Aug 2011

Liontrust sees AUMs fall 7.1 per cent since June 30, 2011, due to market volatility.
JP Morgan private equity trust to buy Arch cru assets

16 Aug 2011

JP Morgan private equity Limited has announced a deal to acquire the former Arch cru assets in a deal worth up to £56.5m.
UK inflation rises to 4.4%

16 Aug 2011

UK inflation rises in July to 4.4%.
FTSE Live: FTSE 100 makes early gains

15 Aug 2011

European markets make early gains.
FTSE Live: FTSE 100 closes 3 per cent up

12 Aug 2011

European markets rebound following early losses.
BlackRock wants volatility bands to sort out absolute confusion

12 Aug 2011

BlackRock head of UK retail sales Mark Elliott says the IMA should look to introduce volatility bands for the absolute return sector to improve transparency.
Liontrust targets multi-manager after Occam deal

12 Aug 2011

Liontrust chief executive John Ions says the firm’s targets is a multi-manager offering following latest acquisition.
FTSE Live: FTSE 100 up 3 per cent at close

11 Aug 2011

Markets up after a volatile day of trading across Europe.
Investors warned of continued volatility

11 Aug 2011

Advisers have urged caution to investors who may view the market turmoil as a buying opportunity.
Oil and commodities hit as gold soars

11 August 2011

The price of gold hit record highs this week as investors continued to search for safety in the midst of the market turmoil.
FTSE 100 slumps back towards 5,000

10 Aug 2011

FTSE 100 closes just above the 5,000 mark after 3 per cent loss.
FTSE 100 rises following bounce in global markets

10 Aug 2011

FTSE 100 rises in early trades on the back of positive news in the US and Asia.
Castlestone Management to close Ucits funds and liquidate Dublin-based business

10 Aug 2011

Castlestone Management plc has announced it is to close the firm’s funds and liquidate the business.
Market turmoil: Industry reaction

9 Aug 2011

Economists and fund managers react to current events.
FTSE 100 closes at lowest level in over a year

8 Aug 2011

Blue-chip index falls by 3.39 per cent.
US equity market dives following downgrade

8 Aug 2011

US equity market falls in early trades following S&P downgrade.
A week of heavy falls for the FTSE 100

5 Aug 2011

Fears over eurozone debt crisis and US economic recovery hammered markets this week.
RBS posts losses following Greek crisis and PPI

5 Aug 2011

Royal Bank of Scotland has reported a half-year pre-tax loss of £678m.
Lloyds reports £3.3bn loss after PPI costs

4 Aug 2011

Lloyds cites PPI provision for first half loss.
Rathbone and Liontrust funds join black list

4 August 2011

Rathbone and Liontrust have both seen their flagship income funds added to the black list of underperformers in Principal Investment Management’s latest income study.
FSA publicly censures Birmingham-based IFA

3 Aug 2011

The FSA has publicly censured Exclusive Asset Management Limited for systems and controls failings.
Bestinvest slams “embarrassed” execution-only rivals

3 Aug 2011

Bestinvest attacks execution-only peers for refusing to publish the level of payments they receive from fund managers and product providers.
Northern Rock losses halved

3 Aug 2011

Bank expects to begin trading profitably in the second half of 2012.
Hargreaves Lansdown rejects FSA platform paper concerns

2 Aug 2011

Share price falls 9 per cent as firm says changes will have “no material impact on the business”.
FSA agrees to sell reporting mechanism to LSE for £15m

2 Aug 2011

The FSA has entered into a conditional agreement to sell its approved reporting mechanism to the London Stock Exchange for £15m.
Should the word guaranteed be banned for structured investments?

1 Aug 2011

Chris Taylor has called for the structured investment industry to stop using the word “guaranteed” in its marketing material.
Schroder bolsters European equities team

1 Aug 2011

Schroders has appointed Nicholette MacDonald-Brown as a fund Manager on its European equities team.
Rathbone and Liontrust income funds join 'blacklist'

1 Aug 2011

Rathbone and Liontrust have both seen their flagship income funds added to the black list of underperformers in Principal Investment Management’s latest income study.
FTSE live: FTSE 100 up 1% at close

Online - August 2011

The FTSE 100 closes just shy of 5,100.
Vote on US debt delayed

29 Jul 2011

A vote on the Republican bill to raise the US debt ceiling and prevent a default was delayed on Thursday.
Credit Suisse to cut 2,000 jobs

28 Jul 2011

Credit Suisse is to cut 2,000 jobs by the end of 2012 in a bid to make cost savings across the business.
S&P downgrades Greece by two notches

28 Jul 2011

Standard & Poor’s has downgraded Greece’s debt rating from CCC to CC, a move which places the country just two notches above default.
SJP: We have no plans to join Aifa

28 Jul 2011

Firms sees overall profits soar but distribution profits fall as commissions are cut.
Ex-Barclays adviser jailed for £600k fraud

28 July 2011

An ex-Barclays adviser has been jailed after stealing £600,000 from dead, elderly and ill customers to fund his gambling addiction.
FSA swoops on Castlestone offices

28 July 2011

Castlestone Investment Management claims the FSA’s investigation into the firm is not related to criminal offences following last week’s raid by the regulator.
IMA takes up challenge on structured v tracker

28 July 2011

The Investment Management Association has accepted a challenge from IFA Ian Lowes to compare a portfolio of five structured products with a tracker of the IMA’s choosing over six years.
Snowden cautious on eurozone periphery

28 July 2011

Aegon Asset Management bond fund manager Stephen Snowden says investors must remain cautious on peripheral Europe despite credit spreads being the widest they have been in the UK corporate bond market since 2009.
Willis fined £6.9m for lack of crime control

28 July 2011

The FSA has fined insurance broker Willis Limited £6.9m for failings in its anti-bribery and corruption systems and controls.
Ponzi suspect extradited from Spain

27 Jul 2011

A suspect in the alleged fraudulent Gilher investment scheme has been charged with conspiracy to defraud.
Rathbones profits jump 30 per cent

27 Jul 2011

Rathbones Brothers has seen its profits jump 30 per cent for the first six months of 2011.
FOS awaits clarity on FSA package for Arch cru

26 Jul 2011

FOS puts complaints on Arch cru range on hold pending more details of the FSA’s £54m package.
Cable to call for “rip-off” banks to be broken up

26 Jul 2011

Liberal Democrat business secretary Vince Cable is to warn that the ring-fencing of banks may not go far enough to prevent a future financial meltdown.
GDP rises by 0.2% in second quarter

26 Jul 2011

The UK economy has grown by 0.2 per cent in the second quarter of 2011.
Obama slams Republicans over debt talks

26 Jul 2011

US president Barack Obama has slammed the Republican plan to increase the country’s borrowing limit, claiming the impasse could spark a “deep economic crisis”.
Snowden stays wary over Europe

25 Jul 2011

Stephen Snowden has said he will remain cautious on peripheral Europe despite credit spreads being the widest they have been in the UK corporate bond market since 2009.
The structured products challenge: Ian Lowes vs IMA

25 Jul 2011

IMA accepts IFA Ian Lowes’ structured products vs tracker funds challenge.
EU leaders agree £96bn Greek bail-out

22 Jul 2011

European leaders have agreed a second bail-out for Greece in an attempt to shore up the euro.
FSA fines Willis Limited £6.9m

21 Jul 2011

The FSA has fined Willis Limited £6.895m for failings in its anti-bribery and corruption systems and controls.
Ex-Barclays adviser jailed for £600,000 fraud

21 Jul 2011

James Leonard Finnigan stole from dead, elderly and ill customers.
Bolton's China special sits hit by fraud claims

21 July 2011

Fidelity China special situations fund manager Anthony Bolton has revealed that his fund suffered losses after two investments in US-listed Chinese companies were accused of fraud.
Cockerill and Stephens to join Rowan Dartington

21 July 2011

Ashcourt Rowan Asset Management group investment director Guy Stephens and head of fund research Tim Cockerill have quit to join Rowan Dartington.
Court verdict means F&C must make £12m buyout

21 July 2011

The High Court has ruled that F&C must buy out the minority interests of a former fund of hedge fund business in a move that will cost the firm over £12m.
FSA takes tough line on VCT and EIS marketing

21 July 2011

The FSA is cracking down on venture capital trusts and enterprise investment schemes that are being marketed primarily on the tax incentives offered without highlighting the risks involved.
Hargreaves Lansdown axes BlackRock's UK absolute alpha fund from Wealth 100

21 July 2011

Hargreaves Lansdown has removed BlackRock’s flagship £1.8bn UK absolute alpha fund from its Wealth 150 list of recommended funds, citing poor performance and stock selection.
Man looks to buy residual exposure to Lehman

21 July 2011

Man Group is trying to acquire all the residual exposure to the Lehman estates from GLG managed funds.
Junior Isa limit set to jump to £3,600

20 Jul 2011

20 per cent increase to be introduced in November 2011.
Threadneedle appoints head of multi-asset

19 Jul 2011

Threadneedle Investments has appointed Toby Nangle as head of multi-asset.
Eight EU banks fail stress test

15 Jul 2011

No UK banks among the eight.
Bolton’s China fund suffered losses after two firms accused of fraud

14 Jul 2011

Fund guru says his team underestimated the risks of investing in China, according to reports.
High Court hedge fund ruling could cost F&C over £12m

14 Jul 2011

A High Court judgment has ruled against F&C over a legal battle with one of its former fund of hedge fund businesses.
Moody’s may downgrade US AAA rating

14 Jul 2011

Moody’s says it may review its AAA rating of the US.
Distribution chief for Ignis

14 July 2011

Ignis Asset Management has appointed AllianceBernstein UK chief executive officer and chairman Claude Chene as head of distribution.
JPM absolute fund looks for IFA traction

14 July 2011

JP Morgan Asset Management has launched a global equity absolute alpha fund as its first global equities long/short Oeic in the absolute return sector.
BlackRock UK absolute alpha removed from HL Wealth 150

13 Jul 2011

Hargreaves Lansdown says fund manager Mark Lyttleton’s stock selection has deteriorated.
FSA warns on VCT and EIS promotions

13 Jul 2011

The FSA is cracking down on VCTs and EIS that are being marketed primarily on the tax incentives offered and not highlighting the risks involved.
FSA extends scope of RBS investigation

13 Jul 2011

Investigation to include takeover of US bank Charter One in 2004.
IMF: Italy must enforce spending cuts

13 Jul 2011

IMF calls for Italy to ensure “decisive implementation” of spending cuts.
Aegon AM to rebrand as Kames Capital

12 Jul 2011

Aegon Asset Management is to rebrand as Kames Capital.
Nigel Payne leaves Assurant Intermediary

12 Jul 2011

Assurant Intermediary managing director Nigel Payne has left the company following a restructure of the business.
PwC: House prices ‘won’t recover until 2020’

12 Jul 2011

House prices will not reach their pre-crisis levels until 2020, according to new research from PricewaterhouseCoopers.
Markets fall on eurozone fears

12 Jul 2011

Concerns the crisis could reach Italy and Spain while Euro leaders say Greece may be set to default.
Ignis appoints Polin replacement

8 Jul 2011

Ignis has appointed AllianceBernstein UK CEO and chairman Claude Chene as head of distribution.
15,000 More jobs axed in Lloyds cost-cutting drive

7 July 2011

Lloyds Banking Group is cutting another 15,000 jobs as part of a strategic review that places Scottish Widows at the heart of its future bancassurance strategy.
Bank to keep 60% stake in St James's Place

7 July 2011

Lloyds Banking Group has confirmed it will keep its 60 per cent stake in St James’s Place.
Ex-Gartmore duo joining Eden

7 July 2011

Eden Financial has recruited former Gartmore fund managers Dan Roberts and Leigh Himsworth.
Clients to reject Arch cru deal

6 Jul 2011

Law firm Regulatory Legal says almost 500 of its clients have suggested they may reject the FSA’s £54m compensation package.
S&P downgrades Greek credit rating

4 Jul 2011

S&P has downgraded the credit rating for Greece, citing concerns that the country will have to restructure its private sector debts.
Eden Financial appoints Dan Roberts and Leigh Himsworth

4 Jul 2011

Firm appoints former Gartmore duo in plan to build its presence in the asset management sector.
Graham Duce

4 Jul 2011

Aberdeen’s co-head of multi-manager believes the company’s move into funds of Ucits funds will put it on a good footing with hedge fund goliaths entering the multi-asset market. Interview by Chris Salih
Royal London completes Royal Liver takeover

1 Jul 2011

Royal London has completed its takeover of Royal Liver.
Greek parliament passes second austerity law

30 Jun 2011

The Greek parliament has passed the second austerity law which allows them to secure further support from the IMF.
Swip to close five funds

30 Jun 2011

Scottish Widows Investment Partnership is closing five funds as part of a wider review of its international equities offering.
Lloyds to retain 60 per cent stake in St. James's Place

30 Jun 2011

Lloyds Banking Group has confirmed that it will keep its 60 per cent stake in St James’s Place.
Scottish Widows retained as Lloyds cuts another 15,000 jobs

30 Jun 2011

Bank to launch execution-only platform and place bancassurance at the heart of its future strategy.
Banks warned to turn away money-laundering risks or face FSA action

30 June 2011

The FSA has referred two banks to its enforcement division after spotting a number of serious weaknesses in their systems and controls for managing high-risk customers.
Cable to probe short-termism stance

30 June 2011

Business Secretary Vince Cable has launched an independent review of investments into equity markets to crack down on short-termist behaviour.
Schroders sets up third low-cost fund

30 June 2011

Schroders is launching a third low-cost fund designed as an alternative to passive investing in anticipation of the RDR.
Smaller banks failing to assess due diligence data

30 June 2011

A number of smaller banks are carrying out little or no due diligence on anti-money laundering, says the FSA.
Greek parliament approves austerity package

29 Jun 2011

The Greek parliament has narrowly voted in favour of the £25bn package of austerity measures.
New IMF chief calls on Greece to unite

29 Jun 2011

New IMF chief Christine Lagarde calls on Greek politicians to unite ahead of crucial austerity package vote.
Christine Lagarde appointed as head of the IMF

28 Jun 2011

France’s Christine Lagarde is named the first woman head of the International Monetary Fund.
Three people charged over £10m "ponzi" scheme

28 Jun 2011

Three individuals have been charged in connection with an alleged £10m fraudulent investment scheme.
Posen slams BIS over interest rate criticism

28 Jun 2011

MPC committee member Adam Posen has slammed the Bank for International Settlements for its comments over the UK’s soft interest rate policy.
LGIM director on extended sick leave

28 Jun 2011

Legal & General Investment Management director and head of global high yield David North has gone on extended sick leave.
Man arrested over unauthorised investment scheme

28 Jun 2011

The FSA and the Dorset Police search two premises in Poole.
Castle Trust appoints Keith Abercromby as CFO

27 Jun 2011

Castle Trust has appointed Keith Abercromby as chief financial officer.
FCA set to increase enforcement action

27 Jun 2011

Replacement for the FSA will increase the level of enforcement on the firms it regulates.
Liontrust looks to GEMs

24 Jun 2011

Liontrust chief executive John Ions has targeted an Asian or global emerging markets fund as the first addition to its restructured range.
L&G adds share class to multi-manager range

24 Jun 2011

Legal & General is adding an additional share class to its multi-manager fund range with an increased annual charge but no performance fee.
Schroders to add third low-cost fund to range

23 Jun 2011

Schroders is adding a third low-cost fund in the multi-asset space.
Clegg calls for public to be given bank shares

23 Jun 2011

Deputy Prime Minister Nick Clegg has called for the public to be given shares in both Lloyds and RBS.
£54M redress for Arch cru clients

23 June 2011

The FSA has set out a £54m compensation package for investors in CF Arch cru funds.
Liontrust in £1.7m loss due to shake-up

23 June 2011

Liontrust made a loss of £1.7m in the last financial year ending March 2011 following an extensive restructure.
Peter Hicks quits Fidelity

23 June 2011

Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years to take a break from the industry.
Structured products will fund mortgage

23 June 2011

Castle Trust is launching income and growth structured products tracking the residential property market to help fund its 20 per cent top-up mortgages.
Total return strategies on the rise

23 June 2011

Aberdeen head of multi-manager Graham Duce believes there will be a big increase in fund of fund managers using absolute/ total return products in their portfolios.
FSA refers two banks to enforcement over high-risk customers

22 Jun 2011

The FSA has referred two banks to its enforcement division after spotting a number of serious weaknesses in their systems and controls for managing high-risk customers.
CII recognises IFP certificate in paraplanning

22 Jun 2011

The Chartered Insurance Institute has now recognised the Institute of Financial Planning certificate in paraplanning under its qualifications framework.
Arch cru clients can take FSA deal and still claim on IFAs

22 Jun 2011

Investors who agree to the £54m compensation package will still be able to make a claim against their IFA.
Capita says Arch cru package not "admission of liability"

21 Jun 2011

Capita says £30m provision made in 2009 accounts will cover its contribution to the £54m CF Arch cru compensation package.
FSA announces £54 million package for CF Arch cru investors

21 Jun 2011

The FSA has announced a £54m package for CF Arch cru investors.
Four charged over ‘land banking’ fraud

17 Jun 2011

Four men have been charged after police investigated four companies that were allegedly involved in ‘land banking’ fraud.
Peter Hicks to leave Fidelity

17 Jun 2011

Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years.
Banks get extension to deal with backlog

16 June 2011

The FSA has agreed a temporary extension for Barclays, Lloyds Banking Group and RBS to handle the huge backlog of payment protection insurance complaints.
Barclays promises it will repay all PPI complaints in full

16 June 2011

Barclays has pledged to pay compensation to all payment protection insurance customers who made a complaint before April 20. Customers will be repaid all their premiums and 8 per cent interest in a move the bank says will help tens of thousands of complainants.
D-day for the managed category?

16 June 2011

The industry is at odds over whether or not the IMA’s fourth managed sector category should include absolute return funds, says Chris Salih
Gledhill redundant in Henderson changes

16 June 2011

Henderson director of retail, fixed income James Gledhill has been made redundant, as revealed by Moneymarketing.co.uk.
Henderson merging three Gartmore multi funds into its range

16 June 2011

Henderson is merging a trio of Gartmore multi-manager funds into its own range and reshuffling managers across its range.
IMA delays new managed sector implementation date

15 Jun 2011

The IMA has pushed back the implementation date for its managed sectors to October 1, 2011.
Unemployment falls to 2.43m

15 Jun 2011

The total number of unemployed falls by 88,000 in the last three months to April.
Liontrust posts £1.7m loss following restructure

15 Jun 2011

Liontrust has announced a pre-tax loss of £1.7m following an extensive restructure within the asset manager.
James Gledhill leaves Henderson

14 Jun 2011

Henderson director of retail, fixed income James Gledhill has been made redundant.
UK inflation stays at 4.5 per cent

14 Jun 2011

UK CPI inflation rate remained unchanged at 4.5 per cent in May.
Deputy governor says Bank of England ‘can do a lot better’

14 Jun 2011

BoE deputy governor Paul Tucker says the bank could have done better in regulating the financial system.
M&G to merge two UK equity income funds

13 Jun 2011

M&G is merging its £208m income fund with its £521m dividend fund.
Panorama to lift the lid on bank advice

13 Jun 2011

Bank advice has again been put under the microscope after a BBC Panorama investigation found advisers in high street banks misleading their clients.
FSA and Capita role in Arch cru to be raised in parliament

13 Jun 2011

Conservative MP Alun Cairns to raise concerns in parliament.
Henderson to merge away trio of Gartmore multi-manager funds

13 Jun 2011

Henderson is to merge away a trio of Gartmore multi-manager funds and is re-shuffling the managers across its range.
FSA grants temporary extension for some PPI complaints

13 Jun 2011

The FSA has agreed a temporary extension for Barclays, Lloyds Banking Group and RBS to handle the backlog of payment protection insurance complaints.
Barclays to settle all PPI claims

13 Jun 2011

Barclays has promised to settle all PPI claims made before April 20.
Select platform from Bestinvest offers lower-cost solution

13 Jun 2011

Bestinvest chief executive Peter Hall says the firm’s new platform Select fills a gap in the lower-cost platform market.
£26bn of assets in underperforming funds, says Chelsea FS

8 Jun 2011

Almost £26bn of assets now sit in consistently underperforming funds, according to the latest Chelsea Financial Services relegation zone.
MPs call for extra independents on FPC

8 Jun 2011

FPC has only two external members less than one week before its first meeting.
A fifth of workers failing to save for retirement

7 Jun 2011

A fifth of workers are failing to make any provision at all for their retirement, a survey by Scottish Widows has found.
Ed Balls calls for further bank bonuses tax plan

6 Jun 2011

Labour shadow chancellor Ed Balls says his party wants to vote on a new tax on bank bonuses to fund schemes for youth jobs and new homes.
Aviva set to appoint John McFarlane as chairman

6 Jun 2011

Aviva is set to name John McFarlane as its new chairman, according to reports.
Berry AM teams with Novia to launch five model portfolios

3 Jun 2011

Berry Asset Management has teamed with Novia to launch five risk-graded managed model portfolios.
Aberdeen multi funds double up on cash

3 Jun 2011

Aberdeen’s multi-manager team has doubled the cash weighting across its £750m fund range.
MPs call on RBS to explain £25bn boost in capital position

2 Jun 2011

MPs say reporting standards being used by RBS may be “distorting” the banks capital position.
Advisers slam IMA's decision on managed sectors

2 Jun 2011

Advisers have slammed the IMA’s decision to rename the active, balanced and cautious sectors with letters denoting the degree of manager discretion in the funds.
Bestinvest in acquisition talks with adviser firms

2 Jun 2011

Bestinvest chief executive Peter Hall says his firm is in talks with a number of adviser firms about potential acquisitions.
Kleinworth Benson completes £26.4m acquisition of Close Offshore Group

1 Jun 2011

Kleinwort Benson has completed its purchase of Close Offshore Group for £26.4m.
Blanchflower: Return of banking regulation to the BoE is a mistake

1 Jun 2011

Former Bank of England MPC member David Blanchflower said the return of the powers to the BoE is because the Government wants a “toothless watchdog”.
Sentance: Bank of England in danger of losing credibility

1 Jun 2011

Former MPC member has warned that if inflation does not come down in the way the BoE suggests it could impact on its credibility with the UK public.
Paul Myners joins Cevian Capital

31 May 2011

Paul Myners joins Cevian Capital as a partner and chairman of its UK operations.
Fidelity says new IMA sector labels are bad news for consumers

27 May 2011

Fund house says the new labels are more complex than the existing ones.
Virgin targets 600 Lloyds bank branches

26 May 2011

Richard Branson’s Virgin Money is set to bid for around 600 of Lloyds bank branches.
Bestinvest platform takes on Hargreaves Lansdown

26 May 2011

Bestinvest has set up a new execution-only platform it claims will “blow Hargreaves Lansdown out of the water”.
Bestinvest launches new Select platform

24 May 2011

Bestinvest is launching a new wrap platform powered by SEI.
Russell quits Cazenove

12 May 2011

Cazenove head of pan-European equities and manager of the group’s UK absolute target fund Tim Russell is to leave the group in July.
Cash fund transfer sees fall in assets for Henderson

12 May 2011

Assets under management at Henderson Group fell by £1.2bn in the first quarter.
Funds up by 20% for SJP

12 May 2011

Assets under management at St James’s Place leapt by a fifth in the first quarter of this year.
IMA reports best Isa crop in almost a decade as sales figures hit £950m

12 May 2011

Individual savings accounts recorded their best sales in nine years in the run-up to the end of the financial year, according to the Investment Management Association.
Schroders' show of strength

12 May 2011

Schroders saw a 10 per cent rise in profits for the first quarter of this year to £103.8m from £93.2m in the first quarter of last year.
PPI claims on banks could hit £10bn

6 May 2011

The banks involved in the mis-selling of payment protection insurance could face as much as £10bn in claims.
Jupiter multi-manager says gold could have its own sector

6 May 2011

Jupiter multi-manager Peter Lawery says gold could end up becoming its own asset class with its own sector.
Strauss: Aviva wrap will tackle mid market

5 May 2011

Aviva is merging its adviser web portal and wrap into a single platform and overhauling its investment proposition with the launch of a number of risk-based solutions.
SJP sees funds under management jump by £1bn

5 May 2011

SJP appoints new chairman as assets jump to £28bn.
Schroders reports £103.8m pre-tax profits in Q1

5 May 2011

Schroders has announced pre-tax profits of £103.8m in the first quarter of 2011.
BlackRock duo make protection call on UK absolute alpha

5 May 2011

BlackRock fund managers Nick Osborne and Mark Lyttleton have taken protection out on half of the net exposure of its £1.9bn UK absolute alpha fund.
Raising the bar

5 May 2011

Fund managers are wary of gold after its steep price rise but some think it could edge higher, reports Chris Salih
JOHCM introduces 0.5% charge to stem flow into UK equity income fund

4 May 2011

JO Hambro Capital Managment has decided to introduce a 0.5% charge for new investments from existing investors in its JOHCM UK equity income fund.
Aviva to launch new integrated £56bn platform

4 May 2011

The Aviva Platform will bring legacy assets and wrap together and include protection policies and annuities.
Henderson sees £1.2bn fall in AUM in first quarter

4 May 2011

Henderson Group has seen its assets under management fall by £1.2bn in the first quarter of 2011.
F&C adds absolute Gem

28 April 2011

F&C is to launch an absolute return fund investing in global emerging markets next month co-managed by Kristof Bulkai and Hugo Rogers.
Positives from negative

28 April 2011

Standard & Poor’s downgrade of the US credit rating outlook does not mean investors should shun opportunities in the region, reports Chris Salih
Shah's special values hit by lack of commodities

28 April 2011

Fidelity has downplayed the short-term underperformance of its £356.2m special values trust, stressing that it is aiming to achieve good levels of performance in the long run.
Standard Life soft-closing £1bn smaller companies fund

28 April 2011

Standard Life Investments is to soft-close its UK smaller companies fund
Home Office and Treasury battle over financial crime powers

27 Apr 2011

The FSA may still lose its enforcement powers to a new force that will take over from the Serious Organised Crime Agency in 2013.
Barclays pre-tax profits fall 9 per cent

27 Apr 2011

Barclays has announced a 9 per cent fall in pre-tax profits for the first quarter of 2011 and expects to pay £100m towards Government bank levy.
Syndicate Asset Management sells institutional fixed income business

27 Apr 2011

Firm sells institutional fixed income business Epic Asset Management to Hume Capital for £2.1m as part of plans to focus on wealth management.
Hargreaves chief exec Gorham aims to double advisers to 120

21 Apr 2011

Hargreaves Lansdown chief executive Ian Gorham says he would like the firm to double its adviser numbers from 60 to 120.
Ian Lowes says his structured research undermines IMA study

21 Apr 2011

Research contrasting tracker funds with capital-at-risk structured products undermines the IMA’s recent controversial study into the sector, says Lowes.
Rating agency goes negative on the American outlook

21 April 2011

Standard & Poor’s has cut its credit rating outlook for the US from stable to negative.
Trade punches

21 April 2011

The IMA’s research into guaranteed equity bonds has provoked an angry reaction, reports Chris Salih
Yorkshire Building Society agrees terms for N&P takeover

20 Apr 2011

Yorkshire Building Society has agreed terms to takeover Norwich & Peterborough Building Society.
Markets plunge after S&P downgrades US debt outlook

18 Apr 2011

Leading markets plunge as S&P downgrades US debt outlook from stable to negative.
Anderson to run JPM corporate bond fund

14 April 2011

JP Morgan Asset Management has recruited bond manager John Anderson as a portfolio manager in its fixed-income team.
Ex-Schroders head joins MAM

14 April 2011

Former Schroders head of UK retail sales Neil Bridge is joining MAM Funds as head of business development.
HSBC GAM offers four Asian ETFs

14 April 2011

HSBC Global Asset Management is offering a quartet of exchange traded funds designed to give investors exposure to emerging markets.
Snowden in Aegon return

14 April 2011
Structural risk

14 April 2011

A complex product from Barclays has been seen as a retrograde step for a structured products sector still trying to adjust to life after Lehmans, says Chris Salih
UK unemployment falls to 2.48m

13 Apr 2011

UK unemployment falls by 17,000.
Aegon looks at total return bond offering for Snowden

13 Apr 2011

Stephen Snowden to co-manage two investment grade bond funds with Euan McNeil.
Royal London signs transfer deal for proposed Royal Liver takeover

12 Apr 2011

Royal London has signed a deal that sets out the potential transfer of Royal Liver’s asset and liabilities to Royal London.
UK inflation rate falls to 4 per cent in March

12 Apr 2011

The UK CPI annual rate of inflation has fallen to 4 per cent, down from 4.4 per cent in February.
LV= set to sell asset management arm

11 Apr 2011

Four firms in the race for LV= Asset Management, according to reports.
VCTs raise £365m in 2010/11 tax year

11 Apr 2011

VCTs took in a total of £365m in the 2010/11 tax season, according to figures from the Association of Investment Companies.
City Asset Management launches five risk-rated portfolios

11 Apr 2011

Discretionary manager launches five risk-rated funds.
Nest awards fund mandates to F&C and HSBC

11 Apr 2011

Nest Corporation has appointed F&C and HSBC Global Asset Management to manage its ethical and Shariah mandates.
Gartmore stars Guy and Rambourg set for hedge fund launch

11 Apr 2011

Former Gartmore star duo Roger Guy and Guillaume Rambourg are set to launch a hedge fund together, according to reports.
American resurgence

11 Apr 2011

Sales of North American funds have rocketed as US companies surpass expectations, report Chris Salih
Advisers on the alert over Barclays income bond

8 Apr 2011

Advisers says the Barclays Stockbrokers five-year range 8 income bond could be too complex for many retail investors.
JP Morgan hires Gartmore bond manager John Anderson

7 Apr 2011

J.P. Morgan Asset Management has hired Gartmore’s John Anderson as a portfolio manager in its fixed income team.
E&Y and HSBC criticise Capita for Arch cru role

7 April 2011

Arch cru funds auditor Ernst & Young and depository HSBC have both criticised Capita for failures in its role as auth- orised corporate director of the Arch cru fund range.
Equity income debut for L&G

7 April 2011

Legal & General Investment Management has set up its first UK equity income fund.
Pursglove and Wagstaff won't join Henderson

7 April 2011

Henderson has confirmed that Gartmore head of UK retail Richard Pursglove and head of global distribution Phil Wagstaff will not join Henderson.
Aegon reappoints Stephen Snowden

6 Apr 2011

Aegon Asset Management has reappointed Stephen Snowden seven years after he left the firm to join Old Mutual Asset Managers.
Aberdeen MM team rebrand multi-asset growth fund

6 Apr 2011

Aberdeen Asset Management’s multi-manager team is rebranding its £7.9m multi-asset growth fund and is giving it a stronger total return mandate.
Countrywide acquires Mortgage Intelligence

4 Apr 2011

Countrywide has acquired Mortgage Intelligence in a deal that has raised its mortgage market share to over six per cent.
Ignis marketing head Rob Page quits for Ardevora

1 Apr 2011

Ignis Asset Management head of marketing Rob Page is leaving the firm to join former Liontrust colleagues Jeremy Lang and William Pattisson at Ardevora Asset Management.
Succession member acquires Leicester IFA

1 Apr 2011

Succession Advisory Services member Berkeley Burke has acquired Leicester IFA firm Baker Richmond Financial Services.
Isa sales rise after slow start

1 Apr 2011

Isa sales are on the rise after a slow start to the Isa season and equity income funds remain the most popular choice for investors.
New carry-forward rules could halt VCT surge

1 Apr 2011

Hargreaves Lansdown investment manager Ben Yearsley says the new carry-forward rules on pension contributions could block a surge in sales of venture capital trusts for the next tax year.
Peace deal plan for banks

31 Mar 2011

Whitehall officials are pushing a three-way deal between the Government, big banks and the Independent Commission on Banking.
Junior Isas set for £3,000 annual limit

31 Mar 2011

The maximum contribution level for junior Isas will be set at £3,000 ahead of their launch in November.
T Bailey chief Britton takes industry break

31 March 2011

Britton: ’David and Goliath story’
50% Rate could be axed in 2013 after revenue review

31 March 2011

The 50p top rate of tax could be scrapped by 2013 after the Chancellor announced a review of its effectiveness at generating revenue.
FSA drops Rambourg investigation

31 March 2011

The FSA has dropped its probe into former Gartmore fund manager Guillaume Rambourg.
Woodford warning on growth

31 March 2011

Invesco Perpetual income manager Neil Woodford believes Chancellor George Osborne is being too optimistic in his expectations for UK growth.
Record sales for US funds, IMA stats

30 Mar 2011

Sales in North American funds jump five-fold to reach £222m.
Liontrust reports third quarter of net inflows

30 Mar 2011

Liontrust Asset Management has reported £39m of net inflows between January 1 and March 29, 2011.
FSA drops probe into former Gartmore star Rambourg

29 Mar 2011

European fund star Guillaume Rambourg targets return to fund management after being cleared by the FSA.
Three Luxembourg businesses searched in SFO Kaupthing investigation

29 Mar 2011

The Luxembourg police have searched three business premises and two residential premises on the back of the Serious Fraud Office Kaupthing investigation.
Woodford: Osborne too optimistic on UK growth

29 Mar 2011

Leading income manager Neil Woodford says growth forecast by the Chancellor is too optimistic on his expectations for UK growth.
Jason Britton quits T. Bailey

28 Mar 2011

T. Bailey chief investment officer Jason Britton is leaving the firm after 12 years to take a break from the financial services industry.
Osborne aims to scrap 50p tax rate in 2013

25 Mar 2011

Osborne plans to scrap tax rate after evidence showed individuals were going to great lengths to avoid it.
Budget 2011: Solar firms to be banned from VCT investment

25 Mar 2011

Albion Ventures has welcomed the Government’s decision to crack down on some VCT and EIS providers.
Arbuthnot Latham to offer IFA discretionary service

24 Mar 2011

Arbuthnot Latham has launched a discretionary investment management service for IFAs.
Budget 2011: Big boost for EISs and VCTs

24 Mar 2011

Venture capital trusts and enterprise investment schemes look set for a surge in investor interest after new investment and tax relief rules set out in the Budget.
Industry confidence on downward trend

24 March 2011

Confidence among banking, finance and insurance professionals fell from +26.4 points to +18.8 points in the first quarter of 2011, according to the latest Grant Thornton UK business confidence monitor.
Rate rise fears as inflation hits 4.4%

24 March 2011

The consumer price index annual inflation rate jumped to 4.4 per cent in February, its highest level since 2008, according to figures from the Office for National Statistics.
Slow burner

24 March 2011

Advisers remain confident even though market uncertainties meant this year’s Isa season got off to a quieter start than usual. Chris Salih reports
Budget 2011: Government announces VCT and EIS "refocus"

23 Mar 2011

The Government has announced plans to refocus both EIS and VCTs to ensure they are targeted at genuine risk capital investments.
Lighthouse reports £1.53m profits as adviser numbers fall

23 Mar 2011

Lighthouse reports pre-tax profits of £129,000 but sees adviser numbers fall almost 10 per cent as RDR approaches.
UK inflation rate rises to 4.4 per cent

22 Mar 2011

The UK inflation rate his risen to 4.4 per cent, the highest level since 2008.
Track and field

21 Mar 2011

Chris Salih reports on fears over a slant to resources
Artemis' Tim Steer looks closer to home

18 Mar 2011

Artemis UK growth fund manager Tim Steer has begun to invest more of his portfolio in domestic earners.
'Fear rules market but it should be contained'

17 March 2011

Hargreaves Lansdown investment manager Ben Yearsley says now may be the time to feed assets into pure Japan funds after markets fell early this week.Japanese markets have been rocked by the earthquake and tsunami that hit last Friday.
Hargreaves 'in a daze' as £3bn HL heads into the FTSE 100

17 March 2011

Hargreaves Lansdown founder and executive director Peter Hargreaves says he did not expect Hargreaves Lansdown to be a FTSE 100 company for at least another three years.
Japan's nuclear fears pose new problems for markets

17 March 2011

Fund managers and economists say the nuclear threat exposed by the Japan earthquake could have unprecedented implications for markets and makes solid economic predictions impossible.
Reaction to Japanese tragedy

17 March 2011

Fund managers say it is extremely tough to make short-term predictions about the economic outlook for Japan following the tragic events triggered by last week’s earthquake.
Schroders profits triple to hit £406m

17 March 2011

Schroders profits soared last year to £406.9m from £137.5m in 2009.
Japan’s Nikkei 225 rebounds after sharp falls

16 Mar 2011

Japan’s Nikkei 225 is up 5.7 per cent following heavy losses earlier this week.
Nikkei falls 6 per cent after earthquake

14 Mar 2011

Japanese shares have fallen by over 6 per cent on the first full trading day since the earthquake and tsunami hit the country.
Pharmas market

14 Mar 2011

Neil Woodford is spreading the word on undervalued pharma but not everyone agrees, says Chris Salih
Japan hit by earthquake and tsunami

11 Mar 2011

Numerous casualties feared after a tsunami and earthquake in Japan which measured 8.9 on the Richter scale.
Move to align VCTs and EIS is 'dangerous nonsense'

11 Mar 2011

Tax Efficient Review editor Martin Churchill slams Office of Tax Simplification’s plans to align time limits and conditions for VCTs and EIS.
Yearsley backs Osborne over new look at VCT tax breaks

11 Mar 2011

Investment manager backs Chancellor George Osborne’s re-examination of tax incentives granted to venture capital trusts.
Tisa launches distributor funds review

10 Mar 2011

The Tax Incentivised Savings Association has commissioned an independent review into distributor influenced funds.
Hargreaves “dazed” by FTSE 100 inclusion

10 Mar 2011

Hargreaves Lansdown is promoted to the FTSE 100 less than four years after flotation.
Chatfeild-Roberts: Stochastic modelling tools are outdated

10 Mar 2011

Jupiter multi-manager head John Chatfeild-Roberts believes the majority of stochastic modelling tools used by IFAs will be useless if the UK remains in an inflationary environment for the next few years.
Fund stars warn on UK trackers

10 Mar 2011

Leading UK equity income managers Bill Mott and Tony Nutt have warned investing in UK index trackers carries significant risks at present with their heavy exposure to the natural resources sector.
Schroders reports pre-tax profits of £407m

10 Mar 2011

Schroders has reported annual pre-tax profits of £406.9m for 2010.
Nine arrested in SFO Kaupthing investigation

9 Mar 2011

Nine men have been arrested in London and Reykjavik in relation to the Serious Fraud Office’s ongoing investigation surrounding the collapse of the Kaupthing banking Group.
F&C launches strategic review as assets jump

9 Mar 2011

F&C has reported an 8 per cent jump in assets under management and launched a strategic review in order to “maximise the value to shareholders”.
Woodford: It is dangerous to play the China story

4 Mar 2011

Invesco Perpetual income manager Neil Woodford believes investors in Chinese commodity and mining markets are due “a dose of realism”.
ECB president warns Eurozone rates could rise by April

4 Mar 2011

The president of the European Central Bank has said that interest rates could rise in the Eurozone as early as next month.
BlackRock's Lyttleton opposes Woodford on pharm opportunity

4 Mar 2011

BlackRock UK equity fund manager Mark Lyttleton disagrees with Invesco Perpetual income manager Neil Woodford’s view that pharmaceuticals represent a major opportunity in the market.
Firms clash with ABI on sector labels overhaul

4 Mar 2011

Advisers and providers have hit out at the Association of British Insurers’ overhaul of the managed sector labels, saying they imply that equities provide the only element of risk.
Woodford says bank recovery will take three more years

3 Mar 2011

Invesco Perpetual income guru Neil Woodford believes it will be at least another three years before the banking sector becomes an attractive investment prospect.
Schroders to launch low-cost UK fund

3 Mar 2011

Schroders is launching a low-cost active fund designed as an alternative to passive investing in anticipation of the RDR.
Baillie Gifford soft-closes emerging growth fund

3 March 2011

Baillie Gifford is to soft-close its emerging markets growth fund in April, after it recently passed the £1bn mark.
Gartmore hit with £7bn fund outflows

3 March 2011

Gartmore saw £7.2bn of net new business outflows last year as star managers left and the company started takeover talks with Henderson.
Henderson profits surge but it faces £7.6m FSCS levy

3 March 2011

Formica: ’Reinforce position’
In good company?

3 March 2011

Japan continues to present a dilemma for potential investors as the country’s public finances may be dire but its businesses are booming. Chris Salih reports
Syndicate rebrands and focuses on wealth

3 March 2011

Syndicate Asset Management is to rebrand as Ashcourt Rowan and sell its insititutional asset management business to focus on wealth management.
AWD reports earnings surge for 2010

2 Mar 2011

AWD Chase de Vere has reported a 425 per cent increase in earnings, from £1.02m to £5.36m, for 2010.
Sesame Bankhall launches panel management service for mortgage valuations

2 Mar 2011

Sesame Bankhall has launched a new panel management service for mortgage valuations.
King: Inflation rate to remain high until well into 2012

2 Mar 2011

Bank of England governor Mervyn King believes that the inflation rate could remain above the 2 per cent target “until well into 2012”.
Jupiter appoints Philip Matthews as deputy manager on Nutt’s £2.5bn income trust

2 Mar 2011

Jupiter has appointed Philip Matthews as deputy manager on Anthony Nutt’s £2.5bn income trust.
Baillie Gifford to soft-close £1bn emerging markets growth fund

28 Feb 2011

Asset manager says it will soft-close fund in April, after it recently passed the £1 billion barrier in size.
Woolnough: Corporate bond supply to dry up

25 Feb 2011

M&G corporate bond fund manager Richard Woolnough predicts a shortage in the supply of corporate bonds in the next two years.
BlackRock's Lyttleton does not fear absolute revamp

25 Feb 2011

BlackRock UK equity manager Mark Lyttleton says he is not concerned by any plans the IMA may have for changing the absolute return sector.
Syndicate Asset Management set to rebrand as Ashcourt Rowan

25 Feb 2011

Syndicate to focus on wealth management sector and plans to sell Epic Asset Management.
Debt will push Japan into technical default

25 Feb 2011

Neptune Japan opportunities fund manager Chris Taylor believes that Japan will move into technical default as it tackles its growing debt problems.
Harries: Blue chips look set for rise to premium prices

25 Feb 2011

Newton global higher-income fund manager James Harries believes blue-chip stocks will soon be attracting a premium.
Shah and Lyttleton lose alpha ratings

25 Feb 2011

Trustnet has removed its alpha manager rating on Fidelity’s Sanjeev Shah and BlackRock’s Mark Lyttleton, dropping them from its list of the top 110 managers.
Woodford: Setting the record straight

24 Feb 2011

Invesco Perpetual income manager Neil Woodford believes the market has completely misread the fundamentals of the industry and that valuations are all that matter.
Woodford: This is a once in a decade investment opportunity

24 Feb 2011

Invesco Perpetual income guru says pharmaceutical sector represents one of the best investment opportunities in his career.
Carby Caerus Wealth duo are recruited by Openwork

24 Feb 2011

Openwork has recruited two directors from Keith Carby’s new business Caerus Wealth Group.
Lowes hits back at structured attack

24 February 2011

Lowes Financial Management managing director Ian Lowes has hit out at Hargreaves Lansdown executive director Peter Hargreaves for blaming structured products for the increase in the Financial Services Compensation Scheme levy.
Gartmore sees £7.2bn of outflows in 2010

23 Feb 2011

Gartmore reveals £2.1m interim interim levy bill.
Henderson hit with £7.6m FSCS levy as profits jump 37 per cent

23 Feb 2011

Underlying profit before tax stood at £100.7m for 2010.
Lowes open letter slams Peter Hargreaves' structured stance

22 Feb 2011

Lowes issues open letter calling on Hargreaves to stop blaming structured product for FSCS levy hike.
Aberdeen moves to high yield

17 Feb 2011

The Aberdeen multi-manager team has moved overweight into high yield within its £800m retail fund range
Jim Leaviss warns against rate hike

17 Feb 2011

M&G fixed interest head says he expects an interest rate hike in June which would be damaging to the economy.
Hargreaves lowering stockbroking charges

17 Feb 2011

Peter Hargreaves concedes the firm’s stockbroking charges are not competitive and says the firm is lowering its prices.
Split over absolute return sector proposal

17 Feb 2011

Advisers providers are divided on IMA’s suggestion to link the absolute return sector with managed sectors in a bid to categorise the risk level of funds.
£18Bn funds in Chelsea's drop zone

17 February 2011

A massive £18.4bn of assets now sit in underperforming funds, according to the latest Chelsea Financial Services relegation zone.
Can F&C regain focus?

17 February 2011

Chris Salih looks at the power struggle at F&C
Hargreaves says Government must pay for regulation or FSCS

17 February 2011

Hargreaves: ’The Government should foot the bill if the regulator has got it wrong’
London Stock Exchange in £3.7tn Canadian merger

17 February 2011

The London Stock Exchange has agreed a deal to merge with Canada’s stock exchange, TMX Group.
JO Hambro soft-closes UK equity income fund

15 Feb 2011

JO Hambro Capital Management has soft-closed its JOHCM UK equity income fund after it passed through the £750m barrier.
FSCS becomes latest firm targeted by scammers

14 Feb 2011

FSCS warns consumers to be on guard from bogus callers or people preporting to be from the compensation scheme.
IMA may link absolute return sector with managed sectors

11 Feb 2011

The Investment Management Association says it may look to link the absolute return sector with the managed sector in a bid to categorise the risk level of funds.
Ex-Capita MD Coxell leads buyout of Rowan Dartington

10 Feb 2011

A consortium of private investors led by ex-Capita financial services head Graham Coxell has acquired Rowan Dartington from Astaire Group.
Lloyd George's Ko to retire after 29 years in industry

10 Feb 2011

Lloyd George Management director Adaline Ko is retir- ing after 29 years in financial services.
Hargreaves Lansdown hit with £3m FSCS levy bill

10 Feb 2011

Firm calls for a review of FSCS after recording record revenue and profits.
Advisers say Yeadon exit is biggest surprise

10 February 2011

Advisers say they are more surprised by the departure of Schroders head of multi-manager Andrew Yeadon than they are that Henderson duo Mark Harris and Craig Heron have been made redundant.
Axa sets up legacy deal

10 February 2011

Axa’s offshore wealth arm, Axa Wealth International, has bolstered its trust range offering with the launch of a legacy planning bond.
Fall in overseas-domiciled fund sales

10 February 2011

Retail sales in overseas-domiciled funds fell by over a third last year, according to statistics from the Investment Management Association.
FSCS lands Liontrust with £415,000 interim charge

10 February 2011

Liontrust has been hit with a £415,000 Financial Services Compensation Scheme interim levy.
Harris and Heron axed as Henderson merges funds

10 February 2011

Henderson Global Investors has made star multi-manager duo Mark Harris and Craig Heron redundant after proposing to merge five multi-manager funds.
Ignis shake-up to boost UK funds

10 February 2011

Ignis Asset Management has removed Neil Richardson as head of UK equities under a restructure of its UK desk.
Yeadon quits Schroders after plan to combine multi teams

10 February 2011

Yeadon: Leaving after 11 years at Schroders
Sinfonia adds five funds to Cofunds

9 Feb 2011

Tenet Group’s investment arm Sinfonia Asset Management has placed its five IFSL risk-rated funds on the Cofunds platform.
Natwest launches two 85 per cent LTV mortgages

9 Feb 2011

Natwest Intermediary Solutions has added two 85 per cent LTV fixed rate mortgages to its core range.
London Stock Exchange agrees merger with Canada’s TMX

9 Feb 2011

The London Stock Exchange has agreed to merge with Canada’s TMX Group.
Ignis makes cuts on UK equities team

8 Feb 2011

Ignis Asset Management has removed head of UK equities Neil Richardson as part of a restructure of its UK desk.
Ex-FSA head Sally Dewar to join JP Morgan Chase

8 Feb 2011

JP Morgan Chase has appointed former FSA head of risk Sally Dewar to work within its risk division.
RSM Tenon appoints ex-Santander multi-manager Speck

7 Feb 2011

RSM Tenon has appointed former Santander multi-manager Keith Speck to its investment team.
RCM to launch global emerging markets multi-asset fund

7 Feb 2011

RCM is planning to launch a low volatilty global emerging markets multi-asset fund in the second quarter of 2011.
Schroders multi-manager head Andrew Yeadon departs in reshuffle

4 Feb 2011

Schroders head of multi-manager Andrew Yeadon has left the firm after the group announced plans to merge the multi-manager and multi-asset teams.
JP Morgan looks to add more low-cost funds

4 Feb 2011

Head of UK retail sales Jasper Berens says he would like to launch more low-cost active managed funds designed to be an alternative to the passive market.
Nutt says equity markets will fall in Q1

4 Feb 2011

Nutt: ‘We are going to go into a big air pocket in February’
Axa Elevate adds new charging structure for high value clients

3 Feb 2011

Axa has introduced two new pricing tiers to its wrap platform Elevate to accommodate for advisers wishing to place busines from high value clients.
Aberdeen plans two bond fund launches

3 Feb 2011

Aberdeen Asset Management is launching onshore versions of its Luxemburg-domiciled emerging market bond and high-yield bond funds in March.
Ignis manager concerned at UK income concentration

3 February 2011

Ignis Asset Management UK equity income manager Martin Brown believes bigger funds in the sector face performance issues due to a concentration of stocks.
Second MPC member votes to raise rate

3 February 2011

The Bank of England’s monetary policy committee appears to be edging closer to a rise in bank rate, according to its minutes for January.
Investment banker jailed for insider dealing

2 Feb 2011

Christian Littlewood was sentenced to three years and four months in custody.
Multi-manager duo Mark Harris and Craig Heron leave Henderson

2 Feb 2011

Henderson Global Investors has made star multi-manager duo Mark Harris and Craig Heron redundant after proposing mergers for five multi-manager offerings.
Liontrust faces £415,000 FSCS levy hit

2 Feb 2011

Firm sees £76m of net inflows in last three months of 2010.
Principal acquires Border Asset Management

1 Feb 2011

Principal to combine with Border Asset Management to create £1.5bn national discretionary investment managment business.
IMA concerns over Prips implementation

1 Feb 2011

Trade body calls for harmonised approach to selling practices.
JP Morgan Asset Management launches low cost active fund

28 Jan 2011

The JPM UK active index plus fund will have a maximum total expense ratio of 0.55 per cent.
Aberdeen Asset Management to sponsor Cowes Week

28 Jan 2011

Firm takes over sponsorship of the event Skandia used to entertain IFAs for 14 years.
Mark Burgess appointed co-manager on Threadneedle funds

28 Jan 2011

Threadneedle chief investment officer Mark Burgess has been appointed co-manager with Alex Lyle across three funds within Threadneedle’s range.
Pattullo's bond fund halves financials and adds 12% cash

28 Jan 2011

Henderson head of retail fixed income John Pattullo has introduced a 12 per cent cash weighting to his £968m strategic bond fund.
George Soros says Government cuts will push UK back into recession

27 Jan 2011

Billionaire investor says Government must ease up on spending cuts.
Artemis becomes latest fund firm targeted by scammers

27 Jan 2011

Artemis shareholders contacted by a number of people claiming to be brokers.
Hargreaves blames FSA for failing to heed warnings on Lifemark products

27 Jan 2011

Hargreaves Lansdown founder and executive director Peter Hargreaves says the FSA must be more accountable.
St James's Place looks to double assets over the next five years

27 January 2011

St James’s Place chief executive David Bellamy says the firm expects to double its funds under management over the next five years.
FSCS explains change in levy calculation

26 Jan 2011

Adviser levy is now calculated by the amount of eligible income a firm generates rather than the number of registered individuals.
Aegon adds portability option to offshore bond

26 Jan 2011

European portability option will sit in Aegon’s main offshore bond.
King: Squeeze on living standards is the “inevitable price” for financial crisis

26 Jan 2011

BoE governor says inflation set to jump to between 4 and 5 per cent.
Advisers report huge increases in FSCS bills

25 Jan 2011

One adviser says his levy last year was £6,009 but today’s bill was £51,459.
Stock taker

24 Jan 2011

Henderson has finally moved for Gartmore with a £335m deal and now the industry will wait to see how the firm takes on the big players. By Chris Salih
Clients were told IFA firm had gone bust rather than network

21 Jan 2011

An adviser has slammed Phoenix Independent Advisers for sending a letter to some of his clients last November that claimed his firm had gone into administration.
Premier keen to move into new regions

21 Jan 2011

Premier Asset Management says it is keen to bolster its regional fund range if it can recruit the right manager.
JOHIM appoints Spencer House Capital Management duo

20 Jan 2011

Charles Martyn-Hemphill and Will Kenney will run global equity segregated mandates at the firm.
SJP assets jump to record high of £27bn

20 Jan 2011

St. James’s Place has seen its funds under management jump by £5.6bn in 2010.
IMA looks at splitting absolute return sector

20 Jan 2011

IMA looks at splitting absolute return sector into two separate sub-sectors.
Openwork adds pension and annuity panels to widen choice

20 Jan 2011

Openwork is setting up pension and annuity panels in a bid to widen adviser choice.
Woodford flagship funds downgraded

20 Jan 2011

Financial Express has downgraded Invesco Perpetual fund guru Neil Woodford’s flagship income and higher-income funds.
F&C outsourcing to save £12m a year

20 January 2011

F&C Asset Management plans to appoint a new outsourcing provider in a bid to cut the annual costs of its business by £12m.
Rate rise would be 'GDP suicide'

20 January 2011

M&G head of retail fixed interest Jim Leaviss has warned the Bank of England would cause “GDP suicide” if it raises interest rates in the near future.
Unemployment rises to 2.5 million

19 Jan 2011

UK unemployment rose by 49,000 to 2.5 million in three months to November 30, 2010.
Jupiter assets jump 9 per cent to £24bn

19 Jan 2011

Jupiter has seen its assets under management jump 9 per cent to £24.1bn in the final quarter of 2010.
The 50 most influential regulators

19 Jan 2011

Nout Wellink beats the likes of Barack Obama and Hu Jintao to the title of most influential regulator in the past 12 months.
UK inflation rises to 3.7 per cent

18 Jan 2011

The UK consumer prices index has risen to 3.7 per cent in December, its highest rate in eight months.
Swip launches currency alpha fund

17 Jan 2011

Swip has launched a new currency fund under the management of currency investment director Roddy Macpherson.
F&C set for £12m of cost cuts

14 Jan 2011

Firm set to appoint new outsourcing provider and is looking at product rationalisation.
Downing looks to add Oeics

14 Jan 2011

Downing Corporate Finance director Tony McGing says the firm may look to add to its rec-ently acquired small-cap fund with further Oeic offerings.
Freeman-Shor to work on entire Skandia ideas range

14 Jan 2011

Skandia Investment Management has promoted Lee Freeman-Shor to co-portfolio manager across the group’s entire best ideas range.
Harris says developed markets will be winners

14 Jan 2011

Henderson director of fund of funds Mark Harris expects developed markets to outperform developing economies this year.
M&G’s Leaviss warns that BoE could be on the brink of policy error

13 Jan 2011

M&G head of retail fixed interest Jim Leaviss says the BoE may be forced to hike rates and commit “GDP-suicide”.
Cazenove Capital appoints non-executive director

13 Jan 2011

Cazenove Capital has appointed Rupert Tyer as non-executive director to the board of Cazenove Capital Holdings.
L&G could add UK equity income to fill fund gap

13 Jan 2011

L&G Investments managing director Simon Ellis says the company is looking at adding a UK equity income fund to its investment range.
Big firms to move into enhanced trackers

13 January 2011

Legal & General Investments managing director Simon Ellis says he expects a number of large asset managers to move into the enhanced tracker sector in the next couple of years.
F&C urges vote to block Sherborne board bid

13 January 2011

F&C has called on shareholders to vote against Sherborne Investors’ plans to remove chairman Nick MacAndrew and Brian Lacombe from F&C’s board.
Gartmore brand to be dropped following Henderson deal

12 Jan 2011

Fund merger plans set for the summer as both firms’ share prices jump.
Intrinsic appoints Keith Baldwin as non-executive director

11 Jan 2011

Intrinsic Financial Services has appointed former Zurich Advice Network chief executive Keith Baldwin as non-executive director.
HK finance watchdog chief in frame to lead CPMA

7 Jan 2011

Outgoing Hong Kong Securities and Futures Commission chief executive Martin Wheatley in the frame for lead role at the CPMA.
Advisers question JPM soft-closing global fund

7 Jan 2011

Advisers question why the firm has soft-closed the offshore without looking at future flows onshore.
Downing enters Oeic market with Acuity fund deal

7 Jan 2011

Downing Corporate Finance has made its first move into the Oeic sector by acquiring a smaller companies fund from Acuity Capital.
FSA fines and bans director over £2m insurance fraud

6 Jan 2011

FSA fines and bans Surety Guarantee Consultants Limited director Barry Williams for his role in £2m insurance fraud.
F&C calls on shareholders to vote against Sherborne

6 Jan 2011

Asset manager wants shareholders to reject Sherborne plans to replace current chairman Nick MacAndrew.
Henderson takeover of Gartmore could see major consolidation

6 Jan 2011

Advisers say the potential takeover of Gartmore by Henderson could result in manager departures and a large number of fund mergers.
Mergers for opps duo

6 January 2011

Henderson Global Investors is planning mergers for its UK and European opportunities funds in its latest rationalisations.
Peak's UK funds face losses if deal goes ahead

6 January 2011

Henderson Global Investors has refused to confirm if leading fund manager Stephen Peak, whose funds have considerable shareholdings in Gartmore, will back Henderson’s bid to buy Gartmore.
Poll verdict - alternative investment directive is not needed

6 January 2011

Over two-thirds of European fund managers and investors do not believe the Alternative Investment Fund Managers Directive is necessary, according to a survey by Preqin.
Henderson set for more fund mergers

5 Jan 2011

Henderson plans to merge away UK and European opportunities funds.
US Federal Reserve to continue with QE2 plan

5 Jan 2011

US Federal Reserve is not convinced by the recent recovery.
Housing minister warns on mortgage regulation

31 Dec 2010

Shapps to urge FSA head not to clamp down too tight on mortgage lending.
G20 and EU actions could increase chances of future financial crises

30 Dec 2010

A leading think-tank has lambasted both the G20 and EU for their overhaul of financial regulations.
FTB mortgage affordability hits 12 year high.

29 Dec 2010

Mortgage affordability for first time buyers is at its most attractive for 12 years, according to the latest annual Halifax First Time Buyer Review.
Global disclosure call for bank bonuses

29 Dec 2010

New calls would cover the likes of top managers, risk management staff and “other material risk takers”.
Standard Life Bank of China talks break down

24 Dec 2010

Standard Life has announced that talks over a joint venture between themselves and Bank of China have broken down.
Merchant House acquires Clarkson Hill assets and launches new business

23 Dec 2010

Firm has not agreed transfer of Clarkson Hill IFAs and clients.
Prepare for interest rates of 5%, warns BoE markets chief

23 Dec 2010

Paul Fisher says central bank policymakers would like to raise rates as much as tenfold.
Suffolk Life’s John Moret retires

23 Dec 2010

Suffolk Life’s director of marketing John Moret is to retire at the end of the year.
Ernst & Young faces US lawsuit over Lehman

22 Dec 2010

E&Y accused of being complicit in a “massive accounting fraud” which Lehman ran.
NAPF calls on Lord Hutton to introduce career average pensions

22 Dec 2010

NAPF says move would be the best way to keep schemes going in the wake of rising costs.
UK economic growth revised down

22 Dec 2010

Fall blamed on weaker growth in the production sectors.
Nest to offer SRI fund as part of its investment strategy

21 Dec 2010

Nest tenders offer to global equity SRI managers to bid for the contract.
CBI cuts growth forecast for Q1 2011

20 Dec 2010

CBI cuts forecast from 0.3% to 0.2%
Best and worst performing funds of 2010

17 Dec 2010

Gold and smaller companies funds dominate 2010 top performance charts while a number of absolute return funds return negative figures.
EU agrees on permanent eurozone rescue mechanism

17 Dec 2010

EU leaders have agreed to set up a permanent bail out mechanism to help member states with debt problems that threaten the 16 countries in the eurozone.
Jupiter’s Chatfeild-Roberts issues bond warning

17 Dec 2010

Jupiters says the risks associated with holding bonds have increased.
Architas CIO Philbin quits

16 December 2010

Architas chief investment officer Richard Philbin has quit the firm after two years.
Schroders wants one more income maximiser

15 Dec 2010

Schroders managing director of UK intermediary Robin Stoakley says he would like to launch one more maximiser in 2011.
JP Morgan soft closes offshore global natural resources fund

15 Dec 2010

Firm soft closes its offshore £2.7bn global natural resources fund but says it has no intention of soft closing £2.5bn onshore natural resources fund.
US will lose AAA credit rating, warns M&G’s Jim Leaviss

15 Dec 2010

M&G head of retail fixed interest Jim Leaviss also believes France is currently “the AAA economy closest to a downgrade”.
Richard Philbin quits Axa's Architas

13 Dec 2010

Architas CIO quits the firm after two years.
Middle-ground funds may be hit by EU risk rules

10 Dec 2010

New EU rules could complicate fund selection.
Iceland strikes deal with UK and Netherlands over banking dispute

10 Dec 2010

Iceland to pay back £3.4bn between 2016 and 2046.
FSA secures winding-up order against two unauthorised firms

9 Dec 2010

Firms operated a bio-fuels collective investment scheme without FSA authorisation.
Gartmore fined $1.35m by SEC for short-selling breach

9 Dec 2010

Fine by US regulator follows breach of short selling rules.
Moneygate gets cash for buyout bids

9 December 2010

Moneygate Group has secured new funding in a bid to buy out investment partner MGT Capital Investments.
Solvency issues could send the euro crashing

9 December 2010

Foreign & Colonial Investment Trust fund manager Jeremy Tigue says the EU’s continued attempts to rescue smaller European countries on a reactive basis could place the future of the euro at risk.
FSA warns that failed bank bosses could have pay clawed back

8 Dec 2010

FSA chairman Lord Turner has warned that bosses of failed banks could have two years’ pay clawed back from them.
IMF chief slams inadequate response to Eurozone debt crisis

8 Dec 2010

Strauss-Kahn claims response to crisis has been “piecemeal”.
Honorary CISI Fellowships for Sants and Knight

7 Dec 2010

CISI says award is given to those who have contributed with distinction to financial services.
Small caps go large

6 Dec 2010

The performance of UK smaller companies is leading wary fund managers to think again, says Chris Salih
Saltus hires O’Grady from Williams De Broe

6 Dec 2010

Saltus Fund Management has appointed Williams De Broe director and head of sales and marketing Robin O’Grady as a partner in the business.
Moneygate plans MBO

3 Dec 2010

Moneygate Group has confirmed that it has secured new funding in a bid to buy out investment partners, MGT Capital Investments.
£1.4M departures see Liontrust plunge to loss

2 December 2010

Liontrust made a loss of £1.6m in the second and third quarters of this year compared with a £700,000 profit for the same period in 2009.
Reeves picks investment chief to push fund range

2 December 2010

Reeves Investment Management has appointed Mike Sargeant as investment director, with responsibility for developing its range of investment strategies.
Tigue: Euro is at risk of falling apart

2 Dec 2010

Foreign and Colonial Investment Trust fund manager Jeremy Tigue says the Euro is at risk if the EU persist with the rescue of smaller European countries on a reactive basis.
AWD looks for buys after 'phenomenal' turn-round

26 Nov 2010
'Let advisers act as proxy to vote for investors'

26 Nov 2010

Fidelity is calling on the FSA to give advisers powers to act as a proxy for voting rights on corporate actions on behalf of their clients.
PSigma goes on the defensive

26 Nov 2010

PSigma IM chief investment officer Tom Becket says his team has been moving to a defensive stance due to market volatility.
AWD rules out restricted advice and looks to buy

25 Nov 2010

Chief exec says national will target small IFA businesses.
T Bailey to merge equity income into growth fund

25 Nov 2010

T Bailey is proposing to merge its £9m equity income fund into its £162m growth fund.
Mott is on the defensive to avoid worst-case scenario

25 November 2010

PSigma income fund manager Bill Mott believes that the UK is facing three economic scenarios and that the best way to tackle them is by investing in defensive equities.
Nationwide rate pledge costs £300m

25 November 2010

Nationwide has revealed that its pledge to cap its mortgage base rate 2 per cent above Bank of England bank rate has cost it £300m in the six months to September 30.
Wrap providers face £60m cost of compliance fees

25 November 2010

The industry will be hit with £127m of one-off compliance costs as a result of the FSA’s latest platform proposals.
Clarkson Hill has shares suspended for second time in 2010

24 Nov 2010

Clarkson Hill has had its shares suspended on AIM for the second time this year.
IMA unveils China/Greater China sector

23 Nov 2010

IMA to consult on global income and European income sectors in 2011.
ishares appoints new head of sales

23 Nov 2010

ishares has appointed David Gardner as head of sales for the EMEA region.
Nationwide base rate mortgage pledge costs firm £300m

23 Nov 2010

Pledge to cap mortgage rate 2 per cent above base rate costs firm £300m in six month period.
Succession adds trio of adviser firms

19 Nov 2010

Succession Advisory Services has acquired three more adviser firms bringing its total assets under management over £5.5bn.
Neil Bridge to leave Schroders

17 Nov 2010

Schroders head of UK intermediary sales Neil Bridge is to leave the firm after 21 years.
Platform reforms will cost £127m

17 Nov 2010

Proposals will see a £127m one-off payment for the industry and £47.6m of ongoing costs.
Stewart Ford calls for public enquiry into Lifemark

17 Nov 2010

Ford writes to Financial Secretary to the Treasury, Mark Hoban, on what he calls a “regulatory stitch-up”.
Advisers fear a rush for the door as Roger Guy resigns

11 November 2010

Advisers expect further outflows and possibly a dilution levy following news this week that star Gartmore manager Roger Guy has decided to retire from day-to-day fund management.
Oakley takes a majority stake in BDO Investment

11 November 2010

Oakley Capital Private Equity has acquired a majority stake in BDO Investment Management.
Strategic review could end in quick sale of Gartmore

11 November 2010

Analysts believe Gartmore could be sold quickly following news that Goldman Sachs is leading a strategic review of the firm
Schroders post £5.4bn net inflow in Q3

9 Nov 2010

£800m of retail inflows.
Are the kids' Isas all right?

8 Nov 2010

Chris Salih reports that investment industry opinion is divided over the introduction of junior Isas
Advisers return mixed verdict on “vulnerable” Gartmore

8 Nov 2010

Advisers give replacement John Bennett the thumbs-up but say the asset manager is vulnerable to a takeover bid.
Gartmore CIO Dominic Rossi joins Fidelity

8 Nov 2010

Fidelity International has appointed former Gartmore chief investment officer Dominic Rossi.
Spearpoint takes majority shareholding in Succession

8 Nov 2010

Spearpoint Limited has taken a majority investment in IFA consolidator Succession Advisory Services.
Newton chief defends using derivatives to boost income

5 Nov 2010

Newton higher-income manager Tineke Frikkee rejects Hargreaves concerns about the use of income-generating derivatives in her £2.7bn fund.
57% Of wealth managers fail full market test

4 November 2010

One-third of wealth managers expect to be placed under the restricted banner after the RDR, according to research from JP Morgan Asset Management.
De Blonay takes over Jupiter financial opps

4 November 2010

Philip Gibbs is passing his £1bn Jupiter financial opportunities fund over to Guy de Blonay from January 2011.
Federal Reserve pumps $600bn into US economy

4 Nov 2010

$600bn injected made to boost US recovery.
Financial Express and Style Research offer fund monitor

4 November 2010

Financial Express has launched a joint initiative with independent investment research software firm Style Research to offer a wider range of quantitative tools for its Analytics users.
Mellon fund builds on LatAm infrastructure

4 November 2010

BNY Mellon Asset Management is offering a new long-only Latin America infrastructure fund.
Oakley Capital acquires BDO Investment Management

4 Nov 2010

Oakley Capital Private Equity has acquired a majority stake in BDO Investment Management.
Odey fund off to Dublin

4 November 2010

Insynergy Investment Management is changing the structure and domicile of its Odey fund to a Dublin-based Ucits.
Origen links with Staffcare to offer benefits portal

4 November 2010

Origen Financial Services is setting up a benefits portal after signing a partnership agreement with employee benefits software company Staffcare.
Over 700 funds holding less than £30m

4 November 2010

Three out of 10 funds in IMA sectors hold less than £30m in assets, the level that most managers regard as the minimum for the average economical fund.
LSE launches investigation into ‘suspicious’ trading after platform crash

3 Nov 2010

LSE says crash “may have occured in suspicious circumstances”.
Santander chief to replace Eric Daniels at Lloyds

3 Nov 2010

Lloyds Banking Group has poached Santander chief executive António Horta-Osório as group chief executive officer.
Former Collins Stewart boss Terry Smith launches low cost equity fund

2 Nov 2010

Fundsmith equity fund launches with 1 per cent AMC.
Premier appoints Chris White to take on trio of income funds

2 Nov 2010

White to replace income guru Bill Mott on income, alpha income and monthly income funds.
Gibbs to hand Jupiter financial opps fund over to de Blonay

1 Nov 2010

de Blonay to take over as lead manager on January 1, 2011.
Baring's Pascal calls for emerging specialist sector

29 Oct 2010

Ian Pascal says the IMA should introduce a specialist sector that focuses purely on emerging market products.
F&C assets jump 13.5 per cent

29 Oct 2010

Thames River acquisition boosts assets by £4.2bn.
Hargreaves axes Newton higher income from wealth 150

29 Oct 2010

Firm cites concerns with the level of covered-call options and special cum-dividends used by the fund.
Jupiter MM team bolsters Japanese equities exposure

29 Oct 2010

Jupiter’s multi-manager team has bolstered its exposure to Japanese equities across three of its four merlin portfolios.
Pattullo says volatility can be contained

28 Oct 2010

Henderson head of retail fixed income John Pattullo says volatility will persist in the markets with shorter market cycles causing “containable landmines”.
Henderson looks at natural resources

28 Oct 2010

Henderson is in talks with external groups over possible launch.
Assets' boost for Henderson

28 October 2010

Henderson Group has revealed a 5 per cent jump in assets under management in the third quarter of the year.
Renewable energy target for Hazel Capital VCTs

28 October 2010

Hazel Capital is offering a pair of venture capital trusts in the renewable energy sector.
BNY Mellon launches Latin America infrastructure fund

27 Oct 2010

Fund will be run by Brazilian boutique ARX Investimentos.
Government unveils junior Isa plan

27 Oct 2010

New tax free savings account set for launch in 2011.
Aegon sells pensions administration business to Goddard Perry

26 Oct 2010

Aegon UK has agreed to sell its third party pension’s administration business to corporate consultants Goddard Perry.
UK economy beats growth forecasts

26 Oct 2010

GDP increases 0.8 per cent in Q3.
Managers defend single strategy funds

22 Oct 2010

Chelsea Financial Services says there is no value in the strategy.
Gilt yields fall to record low

22 Oct 2010

Chancellor indicates more QE is on the way.
L&G cuts with-profits interim bonus rates for new business

22 Oct 2010

Legal and General is cutting the interim bonus rates on new business into its with-profits bonds and capital control bonds.
Firms will no longer pay employees' fines

21 October 2010

The FSA has proposed new rules to prevent firms paying financial penalties imposed on present or former employees.
Henderson assets jump 5 per cent

21 Oct 2010

Currency movements and market conditions see assets under management rise to £59.2bn.
Hendry slams fund axe

21 October 2010

Eclectica Asset Management chief investment officer Hugh Hendry has slammed the recent decision by Hargreaves Lansdown to remove the £109m Eclectica agriculture fund from its Wealth 150.
Ignis says bring in hybrid pensions to aid public sector

21 October 2010

Ignis Asset Management is calling on the Government to introduce hybrid pension schemes in a bid to make public sector pensions more sustainable.
M&G offering UK inflation-linked corporate fund deal

21 October 2010

M&G Investments has launched its UK inflation-linked corporate bond fund, which is co-managed by Jim Leaviss, the head of the retail fixed-interest team, and Ben Lord.
Schroders appoints fixed income CIO

21 Oct 2010

Schroders has appointed Philippe Lespinard in the newly created role of chief investment officer for fixed income.
Swip tops the dirty dozen

21 October 2010

McDermott: ‘Persistent offenders’
Bank of England governor warns UK facing ‘sober’ decade

20 Oct 2010

King hints that more QE could be on the way.
AILO appoints Mark Kennett as chairman

19 Oct 2010

The Association of International Life Offices has appointed Mark Kennett as chairman.
Jupiter sees assets jump 12 per cent

19 Oct 2010

Jupiter Asset Management has reported a 12 per cent rise in assets under management in the third quarter of 2010.
Spending Review gaffe reveals 490,000 public sector job cuts

19 Oct 2010

Treasury Chief Secretary Danny Alexander has accidentally disclosed expected public sector job cuts.
Chelsea FS highlights multi-manager funds in latest Relegation Zone

18 Oct 2010

Latest report says £14.5bn of assets are in failing funds.
Bestinvest asks VCT firms to reveal rival commission deals

15 Oct 2010

Hargreaves Lansdown slams Bestinvest over VCT questionnaire.
PSigma chief says MPC must reject easing calls

15 Oct 2010

Tom Becket says use of QE is a “dangerous financial experiment”.
FSA to prevent firms from paying employees’ fines

15 Oct 2010

New rules would prevent firms paying financial penalties imposed on present or former employees.
Old Mutual and HSBC end talks over Nedbank deal

15 Oct 2010

Old Mutual has confirmed that it has ended talks with HSBC over the potential acquisition of Nedbank Group.
Succession gets FSA approval

15 Oct 2010

IFA consolidator Succession Advisory Services has been granted authorisation by the Financial Services Authority.
IMA proposes changes to global growth sector

14 Oct 2010

New rules would allow more specialist funds into the sector.
Close Brothers to sell property fund firm to Alpha Real Capital

14 October 2010

Close Brothers is selling its property fund management business to Alpha Real Capital.
Hargreaves Lansdown weeds out Eclectica aggie

14 October 2010

Hargreaves Lansdown has cut the £109m Eclectica agriculture fund from its Wealth 150 list of recommended funds.
HSBC adding sterling classes for emerging market funds

14 October 2010

HSBC Global Asset Management is introducing a sterling share class for nine of its emerging market funds in a bid to widen their accessibility to UK investors.
IMF chief concerned over currency war

14 October 2010

The head of the International Monetary Fund Dominique Strauss-Kahn has warned that governments risk a currency war if they use exchange rates to solve domestic problems.
HSBC adds sterling share classes for emerging market funds

13 Oct 2010

HSBC Global Asset Management is introducing a sterling share class for nine of its emerging market funds in a bid to widen their accessibility to UK investors.
Lloyds Banking Group to cut 4,500 jobs

13 Oct 2010

Lloyds Banking Group has announced plans to cut 4,500 jobs with its IT and operations department.
Lloyds ignores FSA calls on PPI

13 Oct 2010

Lloyds Banking Group has stopped processing complaints related to mis-sold PPI despite warnings from the FSA not to do so.
Aegon bolsters fixed interest team

12 Oct 2010

Aegon Asset Management has appointed Daniel Uhlemann as a quantitative analyst within its fixed interest team.
Isas set for £480 boost

12 Oct 2010

RPI figures for September should see Isa levels jump in the next tax year.
Bestinvest downgrades Rensburg manager focus trust

8 Oct 2010

Bestinvest has downgraded a trio of Rensburg funds, including its £46.9m UK manager focus trust.
Ignis shelves joint ventures to focus on growing its own

8 Oct 2010

Ignis plans to focus on building internal offerings.
EU plans tougher than expected rules on bankers’ pay

8 Oct 2010

Fears that restrictions could make the EU uncompetitive.
Bubble trouble

7 October 2010

With corporate bond sales soaring, Chris Salih reports on fears that the market is heading for a fall
Close Brothers sells property arm

7 Oct 2010

Close Brothers is to sell the property division within its asset management arm to Alpha Real Capital.
Compensation claims ruled out for Lehman-backed products

7 October 2010

Investors in capital-at-risk products from NDF Administration, Defined Returns Limited and Arc Capital and Income will not be able claim compensation from the Financial Services Compensation Scheme.
Neptune adding US and UK income

7 October 2010

Neptune has bolstered its fund range with the soft launch of both a US income fund and a UK higher-income fund.
Reed leaves Fidelity to take hedge fund role in New York

7 October 2010

Fidelity global focus fund manager Brenda Reed is leaving the firm after 18 years.
Stephen Lansdown sells £58m worth of shares in Hargreaves Lansdown

7 Oct 2010

Co-founder makes over £58m from selling almost 3 per cent of shares.
Close AM appoints head of financial planning

6 Oct 2010

Close Asset Management has appointed Beverley Lavin as head of financial planning.
IMF chief warns of exchange rate war

6 Oct 2010

Strauss-Kahn says Government’s risk a currency war if they try to use exchange rates to solve domestic problems.
PosSol posts £7.4m loss and reveals plans to broaden offering

5 Oct 2010

Firm blames loss on economic downturn, higher reg fees, improved governance controls and a share-option write-off.
Russell Investments bolsters UK IFA team

5 Oct 2010

Russell Investments has appointed Danny Callaghan as head of UK IFA sales within its UK private clients services investment team.
SocGen trader Jerome Kerviel jailed

5 Oct 2010

Rogue trader jailed for at least three years.
Laverick departs in AWD management shake up

4 Oct 2010

AWD Chase de Vere marketing director leaves as part of a shake up of the management team.
Leading property managers back derivatives launch

4 Oct 2010

Swip, Prudential and Skandia all back derivatives launch.
Dampier dismisses bond bubble fears

1 Oct 2010

Hargreaves Lansdown head of research Mark Dampier says there is no reason for bonds not to conitnue doing well in the short term.
Fidelity global focus manager quits

1 Oct 2010

Fidelity global focus fund manager Brenda Reed is to leave the firm after 18 years.
Churchlow takes head role at LGIM

30 September 2010

Legal and General Investment Management has appointed Robert Churchlow as head of active equities.
FSA to increase FOS limit to £150k

30 Sep 2010

The FSA has proposed increasing the limit on awards made by the Financial Ombudsman Service to £150k.
FSCS rejects compensation claims for Arc, NDF and DRL investors

30 Sep 2010

FSCS says it is satisfied that relevant marketing materials provided had adequate and appropriate warnings.
Neptune soft-launches income funds

30 Sep 2010

Neptune has bolstered its fund range with the launch of both a US income fund and a UK higher income fund.
Threadneedle GEM head Julian Thompson quits

30 Sep 2010

Vanessa Donegan to take enlarged role of head of Asia and global emerging market equities.
FSA bans partner at First Colonial Investments LLP for governance failings

29 Sep 2010

Gerald Classey banned for several failings.
LGIM appoints Churchlow as head of active equities

29 Sep 2010

Churchlow set to replace Mark Burgess at LGIM.
Liontrust sees first inflows in two years

29 Sep 2010

Liontrust has reported its first quarter of inflows in over two years.
RBS to shed a further 500 jobs

28 Sep 2010

Royal Bank of Scotland is set to cut another 500 jobs with the majority coming from its investment banking division in London, according to reports.
Liontrust appoints Mark Allpress as head of retail distribution

27 Sep 2010

Liontrust has appointed Mark Allpress as head of retail distribution.
Geoghegan to quit HSBC

24 Sep 2010

Reports that chief exec is to step down at the end of 2010 after missing out on chairman’s role.
Schroders backs UK all companies split

23 Sep 2010

Schroders head of UK retail sales Neil Bridge says he would like to see the UK All Companies sector split according to funds’ market capitalisation.
Advisers outsourcing investment business

23 September 2010

Nine out of 10 financial advisers are outsourcing their investment management duties or are considering doing so ahead of the RDR, according to Rathbone Investment Management research.
HMRC may write off £1.5bn of unpaid tax

23 Sep 2010

HM Revenue & Customs is likely to write off up to £1.5bn of unpaid taxes, according to reports.
Lighthouse is open to restricted advice choice

23 September 2010

Hickey: ‘May be too onerous’
Liontrust plans fund merger and rebranding across range

23 September 2010

Liontrust is planning to merge its First large-cap fund into its First growth fund as part of a range of changes.
Low-cost Fofs offer advisers equity stake in start-up firm

23 September 2010

TCF Fund Managers has launched four low-cost funds of funds, offering advisers equity in the business in return for assets under management.The total clarity defensive, cautious, diversified balanced and long-term growth portfolios will have maximum total expense ratios of 0.8 per cent, partly by reducing ann-ual portfolio turnover to 20 per cent or less. They will feature no initial, exit, switch or performance fees and do not pay commission.
Openwork embarks on series of strategy meetings

23 Sep 2010

Openwork CEO Martin Davis is to holding a series of adviser meetings across the UK to cover the network’s strategy and future business structure.
Rating firm puts Schroder funds on review as Gartside quits

23 September 2010

JP Morgan Asset Management has appointed Nick Gartside as international chief investment officer of fixed income.
Woodford says his income duo are not depending on a double-dip to perform

23 September 2010

Woodford: ‘They can perform well in almost any given environment’
FSA suspended A2O for not acting on a range of failings

22 Sep 2010

Network failed to address numerous concerns repeatedly highlighted by the regulator.
HSBC chief executive threatens to quit

22 Sep 2010

HSBC chief executive threatens to quit over chairman role.
Lighthouse Group revenues jump 11 per cent

20 Sep 2010

Pre-tax profits stand at £117,000 for the first half of 2010.
Watch out for fake firm claiming to be Octopus

16 Sep 2010

Octopus Investments has warned its VCT clients that a third party is misusing its name and says shareholders have been contacted as part of an illegal boiler room scam.
Aviva calls in headhunters in search for new chairman

16 Sep 2010

Aviva has began to search for a new chairman to replace Lord Sharman, according to reports.
Firm pledges support for savings campaign

16 September 2010

Tenet has pledged its support for Money Marketing’s campaign to improve saving and protection rates in the UK.
Goldman Sachs Intl failed to tell FSA of US probe

16 September 2010

The FSA has fined Goldman Sachs International £17.5m for failing to tell the regulator it was under investigation in the US.
Martin Currie set to widen absolute range

16 September 2010

Martin Currie is considering adding a further three funds to its Ucits III absolute alpha range.
Multi-tie Openwork buys 2plan to add IFA option

16 September 2010

Openwork is to acquire 2plan Wealth Management in a bid to build its whole of market IFA capability ahead of the RDR.
Passporting route could be costly

16 September 2010

The Federation of European Independent Financial Advisers says many advisers considering passporting into the UK to avoid RDR regulations may find the process too costly or intensive to be worthwhile.
Swiss firm buys HNW adviser

16 September 2010

Swiss asset management firm Helvetia Wealth has bought Scottish independent adviser Dunedin Independent.
Woodford says prospect of a double dip is rising

16 September 2010

Invesco Perpetual income guru Neil Woodford has warned that the chances of a double-dip recession in the UK are on the rise.
Liontrust plans raft of fund changes

15 Sep 2010

Liontrust is planning to merge its first large cap fund amid a raft of changes at the asset manager.
Openwork set to buy 2plan Wealth Management

15 Sep 2010

Openwork is to acquire 2plan Wealth Management in a bid to build its whole of market IFA capability ahead of the RDR.
Polar Capital set to acquire HIM Capital

15 Sep 2010

Polar Capital Holdings is set to acquire specialist fund manager HIM Capital.
Resolution completes acquisition of Axa UK Life business

15 Sep 2010

Resolution’s acquisition of Axa UK Life business, under Friends Provident, has been completed.
JP Morgan Asset Management confirms Gartside appointment

14 Sep 2010

Gartside to become international CIO of fixed income.
Towry appoints chief investment officer

14 Sep 2010

Towry has appointed Dr Robert Dawkins as chief investment officer.
Woodford says chances of a double-dip recession are on the up

14 Sep 2010

Invesco Perpetual income guru Neil Woodford has warned that the chances of a double-dip recession in the UK are on the rise.
Helvetia Wealth acquires Scottish IFA

13 Sep 2010

Swiss and Leichtenstein-based asset management firm Helvetia Wealth has acquired Scottish IFA Dunedin Independent.
Nick Gartside quits Schroders

13 Sep 2010

Schroders head of global fixed income Nick Gartside has quit the firm after eight years.
Pimco launches UK retail fund range

13 Sep 2010

Pimco has launched a Ucits III fund range for retail investors through Aegon’s investment platform.
Hornbuckle Mitchell makes plea to protect pensions in LTA cut

9 Sep 2010

Hornbuckle Mitchell is calling on the Government to introduce additional protection requirements to shield investors if it presses ahead with plans to reduce the lifetime allowance from £1.8m to £1.5m.
AWD Chase de Vere in Quality deal for referrals

9 Sep 2010

AWD Chase de Vere has teamed up with law firm Quality Solicitors to provide a reciprocal referral service for clients.
Aberdeen says emerging market bonds are safe for cautious fund

9 September 2010

Aberdeen’s multi-manager team has defended the introduction of an emerging market bond fund within its £244m cautious portfolio.The team has added a 2 per cent holding in the BlueBay emerging market select bond fund managed by David Dowsett.
BlackRock renames income fund

9 September 2010

BlackRock is renaming its £103m high income bond fund as part of a range of changes to the fund.
EU creates new finance watchdogs

9 September 2010

A new European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets will oversee financial services across the European Union.
FSA fines Goldman Sachs £17.5m

9 Sep 2010

FSA fines Goldman Sachs for failure to provide appropriate information.
Fund stars to get lock-in equity share

9 September 2010

Gartmore has awarded 3.5 per cent of the company’s equity to leading members of staff in a bid to lock them into the business.
Global bond business hits record high

9 September 2010

Demand for corporate bond funds doubled between June and July, according to the latest Investment Management Association statistics.
Multi-manager chief Cheeseman quits F&C as funds go to Thames

9 September 2010

F&C head of multi-manager Dean Cheeseman is to leave the firm as his retail range passes over to Thames River Capital.
RDR is top of Hargreaves' risk register

9 September 2010

Hargreaves Lansdown co-founder Peter Hargreaves has labelled the RDR as the biggest risk facing retail investors.
Smaller firms fund manager Williams leaves Gartmore role

9 September 2010

Ex-Axa Framlington boss Robert Kyprianou has joined Gartmore as a non-executive director while head of UK smaller companies Gervais Williams has left the firm.
Former Goldman Sachs Asia head in frame for HSBC role

8 Sep 2010

The former head of Goldman Sachs in Asia is understood to be a frontrunner to succeed Stephen Green as the chairman of HSBC.
Lloyds to be sued by own charity, say reports

8 Sep 2010

Foundation says it is owed £3.5m from the bank.
HSBC bolsters alternative investment team

7 Sep 2010

HSBC appoints Amy McNally as global marketing manager.
HSBC chairman takes Govt trade and investment role

7 Sep 2010

Barclays chairman Marcus Agius to take on chairman role at the BBA.
Schroders appoints head of European equities

7 Sep 2010

Schroders has appointed Rory Bateman as head of European equities.
The return of technology

6 Sep 2010

Chris Salih reports that Ignis is stepping into the tech sector which is showing some stellar returns
Gartmore offers equity deal to top staff

6 Sep 2010

Gartmore has awarded 3.5 per cent of the company’s equity to leading members of its staff in a bid to lock them into the business.
Heron says Henderson will boost US exposure

3 Sep 2010

Henderson director of fund of funds Craig Heron says the Fof team expects to bolster its exposure to the US towards the end of the year.
Agreement over new European financial watchdogs

3 Sep 2010

Three new pan-EU watchdogs will be created with powers to intervene in emergency situations.
HSBC threatens to move headquarters away from the UK

3 Sep 2010

HSBC has warned that it may move its headquarters away from London if the UK government does decide to break up the big banks.
US loses fewer jobs than expected

3 Sep 2010

The US lost fewer jobs than expected in August, according to the latest non-farm payroll figures.
Alpha 2 Omega ARs chased for fees and PI payments

2 Sep 2010

A20 appointed reps being chased over regulatory and PI payments not made to the network.
Tenet backs Aifa level five diploma

2 Sep 2010

Tenet is to support Aifa’s new diploma in investment planning.
Cheeseman quits F&C as multi-manager funds pass to Thames River duo

2 Sep 2010

F&C head of multi-manager Dean Cheeseman is to leave the firm as his retail range is set to pass over to Thames River Capital.
FSA imposes life ban on insurance broker

2 Sep 2010

The FSA has imposed a lifetime ban on David Marriott for his persistent misuse of client money.
Bloxham set for global absolute return fund launch

1 Sep 2010

Bloxham is launching a global absolute return fund that will target a minimum return of 8 to 10 per cent per annum.
F&C completes Thames River deal

1 Sep 2010

F&C Asset Management has completed its acquisition of investment boutique Thames River Capital.
Hargreaves Lansdown reports 18 per cent profit hike

1 Sep 2010

Peter Hargreaves bows out on a high as net business inflows jump 65 per cent.
OMAM hires new manager for dynamic bond fund

1 Sep 2010

Old Mutual Asset Managers has appointed Christine Johnson to manage its £30m dynamic bond fund.
Intelligent Pensions bolsters management team

31 Aug 2010

Intelligent Pensions has recruited Andrew Pennie as marketing director.
Henderson would opt for boutique buy over big firm

27 Aug 2010

Henderson chief executive Andrew Formica says the firm is more likely to acquire a boutique rather than a big asset management business in the UK.
Stephen Lansdown steps down as HL executive

27 Aug 2010

Stephen Lansdown has stepped down as executive director of Hargreaves Lansdown.
Fidelity attacked for not allowing in-specie windfall Isa transfers

26 Aug 2010

Advisers and investors have slammed Fidelity for not allowing in-specie transfers out of its windfall Isa account to other managers.
F&C reports £19.5m loss after tax

26 Aug 2010

F&C has reported a £19.5m loss after tax for the first six months of 2010.
Faltering start for Bolton's China fund

26 August 2010

Anthony Bolton’s Fidelity China special situations fund lagged its MSCI benchmark over its debut two months in net asset value terms, although its share price outperformed.
IFS says Budget hits the poorest hardest

25 Aug 2010

The Institute of Fiscal Studies challenges Government claims that the Budget was progressive.
S&P downgrades Ireland

25 Aug 2010

Standard & Poor’s has downgraded the Irish Republic to its lowest sovereign rating in 15 years.
IMA opts against making absolute return rejig

23 Aug 2010

The IMA has decided not to make any changes to the absolute return sector as part of its annual review.
Henderson duo build up FTSE downside protection

20 Aug 2010

Harris and Heron believe FTSE 100 is set to hit 4,800 in the next couple of months.
Cofunds head of sales departs in restructure

20 Aug 2010

Sales duo exits Cofunds as it merges sales and marketing departments.
Fidelity to shut windfall Isas

19 Aug 2010

Fidelity is to close its windfall Isa scheme after the number of accounts dropped to 34,000.
Ignis makes first move into tech with global fund offer

19 Aug 2010

Ignis Asset Management is to launch a global technology fund under the management of Geoff Paton.
Henderson sees profits jump 79 per cent

18 Aug 2010

Chief executive Andrew Formica refuses to comment on Gartmore bid rumours.
Threadneedle bolsters fixed income team

18 Aug 2010

Threadneedle has appointed Jonathan Pitkänen as head of investment grade research.
Close Asset Management appoints senior duo

16 Aug 2010

Close Asset Management has appointed Andrew Gillespie as marketing director and Anita Juneja as head of strategic relationships.
Aviva rejects £5bn RSA approach for general insurance arm

13 Aug 2010

Aviva has rejected a bid from insurance group RSA to acquire its general insurance operation, according to Sky News.
Maguire says bid for Arch Cru compensation will fail

13 Aug 2010

Cru Investment Management founder Jon Maguire believes IFAs will fail in their attempt to seek compensation from Capita for losses their clients have suffered through the Arch Cru range.
Overdue review of IMA fund sectors is welcomed

13 Aug 2010

Advisers have welcomed the IMA’s fund sector review.
Tenet £1m loan support to members

13 Aug 2010

Tenet says it has provided almost £1m in loans to support its adviser firms.
RAB Capital to close European dynamic fund

13 Aug 2010

RAB Capital is to close its £2.8m European dynamic fund as it is no longer economically viable to run.
FSA probing Coutts over AIG fund sales

12 August 2010

The FSA has launched an investigation into Coutts & Co over the sale of the AIG enhanced fund.
HL calls for switch on Scottish Widows income funds

12 Aug 2010

Hargreaves Lansdown has suggested that investors switch out of both the Scottish Widows UK equity income and Swip UK income funds.
Henderson touted for Gartmore bid

11 Aug 2010

Rumours within the City that Henderson is targeting Gartmore.
Standard Life sees group profits jump 10 per cent

11 Aug 2010

Standard Life has seen a 10 per cent rise in group profit before tax for the first half of 2010.
UK unemployment levels falls to 2.46m

11 Aug 2010

The number of people unemployed in the UK fell by 49,000 to 2.46 million in the three months to June.
Performance freeze

9 Aug 2010

Chris Salih looks at the response to a call to shun funds with performance fees
Aviva adding levy on 21 funds

6 Aug 2010

Aviva Investors is to add a 0.1 per cent charge across a total of 21 funds within its range.
Strategic bond choice clouded

6 Aug 2010

Alliance Trust fixed income head warns on lack of transparency in the strategic bond sector.
Schroders slammed over Sloane performance fee

6 Aug 2010

Yearsley says fee for emerging markets fund is “outrageous”.
Spill sell-off could see takeover of BP

6 Aug 2010

Tony Yousefian says BP will eventually be ripe for a takeover.
FSA probes Coutts & Co after AIG bond sales

6 Aug 2010

The FSA has launched an investigation into Coutts & Co over the sale of the AIG bonds.
Gartmore appoints head of research for global equities

6 Aug 2010

Gartmore has appointed Nick Anderson as head of research for global equities.
RBS reports £1.1bn half year profit

6 Aug 2010

RBS reports pre-tax profit of £1.1bn for first half of 2010.
Barclays posts £3.95bn profit

5 Aug 2010

Pre-tax profit jumps 44 per cent.
Capita faces 1,300 CF Arch Cru investor complaints

4 Aug 2010

Law firm and IFAs help orchestrate deluge of complaints against the authorised corporate director of the fund range.
Lloyds reveals £1.6bn first half profit

4 Aug 2010

Bank moves back into black after £4bn loss in the first half of 2009.
A turn for the worse

2 Aug 2010

As concerns over US equities ride high, global investors are underweighting the sector. Chris Salih reports
ABI appoints Alain Dromer as investment committee chairman

2 Aug 2010

Aviva Investors chief executive Alain Dromer appointed ABI investment committee chairman.
Hargreaves Lansdown head of Vantage and broking operations quits

2 Aug 2010

Hargreaves Lansdown managing director of Vantage and broking operations Andrew Christian has left the firm after 19 years.
Hargreaves says boycott performance fees

30 Jul 2010

Hargreaves Lansdown chief executive says less than a dozen fund managers actually warrant a performance fee.
Evershed lawsuit against Duffield gets go-ahead

30 Jul 2010

New Star whistleblower will get his tribunal hearing.
Bestinvest picks chief operating officer

29 July 2010

Bestinvest has appointed Donald Reid as chief operating officer.
CarVal exits Lifemark bailout deal

29 July 2010

US hedge fund CarVal has backed out of a £40m loan offer to bail out Lifemark, according to reports.
FSCS sets date for decision on Lifemark compensation

29 July 2010

The Financial Services Compensation Scheme will ann-ounce in September whether Lifemark clients will be able to claim for compensation.
Government plans to scrap default retirement age from 2011

29 Jul 2010

Employers may no longer be able to force people to retire at 65.
St James’s Place says Lloyds will retain stake

28 Jul 2010

SJP sees 60 per cent jump in group operating profits in the first six months of 2010.
End game

26 Jul 2010

Chris Salih looks at the events leading up to Guillaume Rambourg’s decision to quit Gartmore
AIC welcomes improved flexibility for investment trusts

26 Jul 2010

New proposals to improve flexibility and reduce compliance costs.
Several Spanish banks set to fail stress tests

23 Jul 2010

Reports that several banks have failed the test to see if they could handle worsening economic conditions.
Capita opts against adding to £30m Arch cru provision

22 Jul 2010

Capita has decided against adding to the £30m provision for potential losses arising from the Arch cru debacle.
BP agrees £4.6bn asset sale to fund oil clean-up

21 Jul 2010

Sales in Texas, Canada and Egypt are made to tackle oil spill costs.
Split decision

19 Jul 2010

Chris Salih reports the re-merging of UK equity income has been welcomed, with many saying the sector should never have been divided in the first place
Chamberlain: IFAs need confidence to show they merit fees

16 Jul 2010

Succession chief executive says RDR will not stop some advisers “flogging policies”.
Jupiter chief sees chance in China

16 Jul 2010

John Chatfeild-Roberts believes there will be a good opportunity to invest in China in the second half of this year.
L&G's Burgess joins Threadneedle as CIO

15 July 2010

Threadneedle has appointed L&G Investment Management head of UK equities Mark Burg-ess as chief investment officer.
Medicals Direct Group acquires Medibureau

15 Jul 2010

Medicals Direct Group has acquired outsourced insurance services firm for an undisclosed sum.
Perspective appoints Andrew Aldridge as marketing manager

15 Jul 2010

Perspective Financial Group has appointed Andrew Aldridge as marketing manager.
UK equities chief Jane leaves M&G

15 July 2010

M&G head of UK equities David Jane has left the company with immediate effect.
UK unemployment falls to 2.47m

14 Jul 2010

34,000 fall in the three months to May.
Guillaume Rambourg quits Gartmore

14 Jul 2010

Rambourg resigns from the asset management house to focus on FSA investigation.
Osborne may drop pre-Budget report

12 Jul 2010

Chancellor George Osborne is looking at dropping the pre-Budget report from the coalition Government’s roster of economic events.
Sarah Arkle to step down as Threadneedle CIO

12 Jul 2010

Threadneedle has appointed L&G Investment Management head of UK equities Mark Burgess to replace current CIO Sarah Arkle.
UK GDP growth stays at 0.3 per cent

12 Jul 2010

The UK economy grew by 0.3 per cent in the first quarter of 2010, according to figures from the Office for National Statistics.
Liontrust problems began before stars quit

9 Jul 2010

Liontrust chief executive John Ions says the problems at the firm started before the departures of star fund managers Jeremy Lang and William Pattisson.
Preference share among three Aviva funds to close

8 Jul 2010

Aviva Investors is to close three funds, including its long-standing preference share vehicle.
Stoakley says IMA should have stuck with UK equity income split

8 Jul 2010

Schroders head of UK intermediary business Robin Stoakley says the IMA should not have merged the UK equity income sectors.
Langridge takes Jupiter emerging market role

8 July 2010

Jupiter has recruited Kathryn Langridge from Lloyd George and is planning the launch of a global emerging markets fund.
Lazard MD Wilson to join Investec

8 July 2010

Lazard Asset Management managing director and head of third-party distribution Charles Wilson is leaving the firm to join Investec.
Liontrust scraps global equity team after a year

8 July 2010

Liontrust Asset Management has axed its global equity team just months after its final member joined from GAM.
RSM Tenon takes over Vantis in £7m deal

8 July 2010

RSM Tenon Financial Services last week bought Vantis Financial Management from administrators for £7m.
Threadneedle duo quit to join RWC

8 July 2010

Threadneedle absolute return fund managers Peter Allwright and Stuart Frost are leaving the firm to join RWC Partners.
Investec considers Rensburg Fund Management sale

7 Jul 2010

Investec is considering the sale of Rensburg Fund Management after receiving a number of enquiries about the firm.
Charles Wilson quits Lazard for Investec

6 Jul 2010

Lazard Asset Management managing director and head of third party distribution Charles Wilson is leaving the firm to join Investec, Money Marketing can reveal.
Credit where it's due

2 Jul 2010

The UK is expected to keep its AAA rating so long as the Government delivers on the Budget.
Offshore commission ban could cut choice

2 Jul 2010

Product expert warns implementation of RDR could restrict choice.
IMA recombines UK equity income sector

2 Jul 2010

The Investment Management Association is recombining the UK equity income sector.
Asia raised to 30% for Jupiter financial opps

1 July 2010

De Blonay: ‘Focus on areas creating jobs’
Bestinvest appoints new chief operating officer

1 Jul 2010

Bestinvest has appointed Donald Reid as chief operating officer.
Clarkson Hill has shares suspended

1 Jul 2010

Clarkson Hill has had its shares suspended on AIM after failing to publish its annual accounts by July 1, 2010.
Hayward set to depart BP

1 Jul 2010

Exit package to top £11m.
Jupiter fund manager Laurie Petar dies

1 Jul 2010

Jupiter fund of investment trusts and monthly income manager Laurie Petar has passed away after a long battle with cancer.
Protection added on arrears and rentback

1 July 2010

The FSA has brought in new rules to provide better protection for vulnerable consumers in arrears or entering into sale and rentback contracts.Firms will not be allowed to apply a monthly arrears charge where an agreement is already in place for the borrower to repay those arrears.
Budget could see 1.3m UK job losses

30 Jun 2010

Spending cuts announced in the emergency Budget could lead to up to 1.3m job losses in the UK.
Gartmore appoints head of marketing

30 Jun 2010

Gartmore has appointed Charlotte Gibson as head of marketing.
Gerry O’Brien leaves First Complete

30 Jun 2010

First Complete chief executive Gerry O’Brien has left the firm with immediate effect.
OMAM UK sales head Mark Allpress departs in re-shuffle

30 Jun 2010

Old Mutual Asset Managers has made its head of UK retail sales Mark Allpress redundant following a reorganisation, Money Marketing understands.
RSM Tenon acquires Vantis advisory divisions for £7m

30 Jun 2010

RSM Tenon has acquired Vantis Financial Management as part of £7m deal for its advisory arms.
Threadneedle absolute return duo quit for RWC

30 Jun 2010

Threadneedle absolute return fund managers Peter Allwright and Stuart Frost are quitting the firm to join RWC Partners.
OFT announces crackdown on cash Isa transfers

29 Jun 2010

Changes in the cash Isa market will see maximum transfer times cut from 23 to 15 days.
GLG’s White dismisses double-dip recession concerns

28 Jun 2010

GLG head of UK equities John White has dismissed fears of a double-dip recession.
SVM UK 100 select fund to rebrand as UK growth

28 Jun 2010

SVM Asset Management is rebranding its UK 100 select fund as UK growth.
FSA cracks down on arrears and sale and rentback

25 Jun 2010

The FSA has set out new rules to protect borrowers in arrears and customers of sale and rentback firms.
OBR forecast too optimistic

24 June 2010

Ignis Asset Management chief economist Stuart Thomson bel-ieves the Office for Budget Res-ponsibility has been too optimistic on its forecasts for growth.
FSA chief warns on insider dealing

23 Jun 2010

Sants warns that the shake-up of financial regulation must not undermine the UK’s tougher approach on insider dealing and mistreating of customers.
BUDGET: VAT to be increased to 20 per cent

22 Jun 2010

The rate of VAT is to hiked from 17.5 to 20 per cent from Janaury 4, 2011.
Corporate bond price is right, says Pattullo

18 Jun 2010

Henderson head of retail fixed income believes corporate bond funds are now priced attractively despite money leaving the sector.
Corporate casualties

18 Jun 2010

The popularity of corporate bonds is dwindling as concerns over liquidity return. Chris Salih reports
Ucits IV feeder switch could cut UK fund jobs

18 Jun 2010

Introduction of Ucits IV could see hundreds of job losses in the UK asset management industry.
Tenet launches new service for smaller pensions

17 Jun 2010

Tenet Retirement Solutions is offering a non-advised annuity desk service for advisers to outsource clients with smaller pension pots.
BP scraps dividend until 2011

17 Jun 2010

Oil giant cancels dividend after agreeing £13.5bn payout.
Perspective acquires Wingham Wyatt

17 Jun 2010

IFA consolidator Perspective Financial Group has confirmed the acquisition of Wingham Wyatt.
Jupiter to float at the lower end of price range

16 Jun 2010

Jupiter Asset Management has announced that shares in its London listing have been set at 165p.
UK inflation falls to 3.4 per cent

15 Jun 2010

UK inflation has fallen to 3.4 per cent in May, down from the 17 month-high of 3.7 per cent in April.
Maguire hits back over blame for cru debacle

11 Jun 2010

Cru founder Jon Maguire says people who blame him for the Arch cru fund debacle are ignorant of the facts.
Bestinvest warns L&G pricing rethink will hike up fund costs

10 June 2010

Spiers: ’Provide a ’box’ postion to smooth out daily inflows and outflows
BP concern could drive investors further afield

10 June 2010

Concerns over BP possibly cutting its dividend may see inv-estors look overseas for a more secure level of income, according to advisers.
Bestinvest warns L&G pricing rethink will hike fund costs

9 Jun 2010

Founder John Spiers slams L&G for introducing a new pricing structure he says will add more than 5 per cent to some fund costs.
EU finance watchdog will not force bank bailouts

9 Jun 2010

EU internal markets commissioner Michel Barnier says he will not force bank bailouts.
F&C loses commercial property trust contract

9 Jun 2010

F&C has been served notice from the board of the F&C commercial property trust ahead of a proposed merger with Ignis Investment’s UK commercial property trust.
Liontrust appoints Nick Wells as a consultant

7 Jun 2010

Liontrust has appointed former Artemis director Nick Wells as a consultant for business development.
Prudential bosses apologise for failed AIA bid

7 Jun 2010

Chief executive Tidjane Thiam and chairman Harvey McGrath say sorry to shareholders over the AIA deal collapse.
Invesco sees value in China

4 Jun 2010

Invesco Perpetual Asian fund manager Stuart Parks has raised his fund’s exposure to China despite concerns that the country may be overheating following the market recovery.
£14bn in the drop zone

3 Jun 2010

Over £14bn of assets now sit in consistently underperforming funds, according to Chelsea Financial Services’ latest relegation zone report.
Poor performances earn red cards for Luckraft and Walker

3 Jun 2010

George Luckraft and Martin Walker are two of the leading fund managers to fall into Chelsea Financial Services’ latest relegation zone.
Be prepared

28 May 2010

News that Schroders star income duo Nick Purves and Ian Lance have quit the firm to join investment boutique RWC Partners has high-lighted the importance of succession planning.
Littlewood slashes cash weighting in strategic assets fund

28 May 2010

Artemis strategic assets fund manager William Littlewood has halved the cash weighting in his fund in a bid to take advantage of market falls.
Artemis UK growth fund to add shorting strategy

27 May 2010

Artemis UK growth fund manager Tim Steer is planning to start shorting stocks in his £322m fund next month.
Lehman sues JPMorgan for billions in damages

27 May 2010

Lehman Brothers Holdings is suing JP Morgan Chase after claiming the US bank “siphoned off” billions of dollars ahead of the firm’s collapse in 2008.
'Rating agencies as helpful as yesterday's weather forecast'

27 May 2010

Seven Investment Management director Justin Urquhart Stewart has attacked rating agencies, saying the system is open to conflicts of interest.
Whitten quits First State for career break

27 May 2010

First State head of global res-ources David Whitten is leaving the firm after 13 years to take a career break.
First State head of global resources resigns

26 May 2010

First State head of global resources David Whitten is leaving the firm after 13 years to take a career break.
FTSE makes early gains

26 May 2010

The FTSE 100 broke through the 5,000 barrier this morning, having risen more than 1 per cent in early trades.
FTSE plummets below 5,000 again

25 May 2010

The FTSE 100 fell below 5,000 for the second time in three trading days as fears that the eurozone crisis would spread resurfaced.
Swip appoints head of marketing

25 May 2010

Scottish Widows Investment Partnership has appointed Tracy Fennell as head of marketing.
Control issues

24 May 2010

Chris Salih predicts how the proposed capital gains tax increase will play out in the sector
PSigma bolsters UK team

24 May 2010

PSigma Asset Management has appointed Eric Moore to join its UK team.
Rambourg return fails to rally investors

21 May 2010

Multi-managers want to see if there are further changes on the European desk.
Steer clear of UK, Artemis fund manager warns

21 May 2010

Artemis UK growth manager Tim Steer has revealed that more than 70 per cent of the fund’s earnings are from overseas, saying the UK is “best avoided” at present.
Yearsley surprised at speed of Jupiter float

21 May 2010

Hargreaves Lansdown investment manager Ben Yearsley says Jupiter’s decision to float next month may be linked to plans by the coalition Government to hike capital gains tax.
FTSE falls below 5,000

21 May 2010

European debt crisis fears sees FTSE 100 fall through the 5,000 barrier for the first time in over six months although it finishes the day at 5062.
Trustnet aids advisers with asset manager factsheets

20 May 2010

Trustnet has launched a series of qualitative group factsheets to help advisers and private investors compare the strengths and weaknesses of a number of asset managers.
FSA fines market trader £2.8m for market abuse

20 May 2010

The Financial Services Authority has fined Simon Eagle £2.8m for deliberate market abuse and banned him from working in financial services.
IMA says Ucits IV package adds to burden

20 May 2010

The Investment Management Association has slammed the pending Ucits IV package, claiming that the improvements are much less significant than initially thought.
Man Group takes over GLG in £1bn deal

20 May 2010

Man Group is to acquire GLG Partners in a deal worth £1.1bn. Set to complete by September 2010, it would create an alternative investment manager with a value of £43.6bn.
Purves and Lance quit Schroders to join RWC

20 May 2010

Schroders income fund managers Nick Purves and Ian Lance have quit the firm to join investment boutique RWC Partners.
Tenet/Leeds City College exam aims to attract new blood

20 May 2010

Tenet has teamed up with Leeds City College to launch a QCF level-five foundation degree for students wanting to become IFAs.
Fidelity appoints Campbell as head of UK retail marketing

19 May 2010

Fidelity International has appointed former Invesco Perpetual stalwart Alistair Campbell as head of UK retail marketing.
Former Skandia CEO Jamie MacLeod to join Berry Asset Management

19 May 2010

Former Skandia chief executive officer Jamie MacLeod is to join wealth manager Berry Asset Management.
Purves and Lance quit Schroders for RWC

18 May 2010

Schroders income fund managers Nick Purves and Ian Lance have quit the firm to join investment boutique RWC Partners
Tenet/Leeds City College exam aims to attract new blood

18 May 2010

Tenet has teamed up with Leeds City College to launch a QCF level-five foundation degree for students wanting to become IFAs.
Man Group to acquire GLG Partners

17 May 2010

Man Group is to acquire GLG Partners in a deal worth £1.1bn.
Passive funds fail to ignite

14 May 2010

Less than a third of advisers believe investors will increase their exposure to passive funds as the core of their portfolio, according to research from Ignis Asset Management.
Stevens quits F&C after five years

14 May 2010

F&C head of marketing and global wholesale Scott Stevens has resigned from the firm.
Thames pair seeds Asian income fund

14 May 2010

Thames River multi-manager duo Gary Potter and Robert Burdett are to seed the Schroder Asian income maximiser once it launches next month.
Eight banks face US investigation

14 May 2010

Eight banks are being investigated in the US over the rating of their mortgage products.
Can Brazil stand alone?

13 May 2010

Chris Salih considers the potential for the first fund focusing solely on Brazil being launched in the UK
CarVal deal on Lifemark could mean 14-year wait to recover investments

13 May 2010

PricewaterhouseCoopers partner and Keydata administrator Dan Schwarzmann confirmed a structure has been agreed but would not confirm if it was the CarVal proposal.
De Blonay cutting euro exposure on financial opps fund

13 May 2010

Jupiter fund manager Guy de Blonay is planning to lower the European exposure of the £1.4bn financial opportunities fund after highlighting the eurozone as the biggest concern to the continuing economic recovery.
Four more quit Swip to join Currie emerging team

13 May 2010

Martin Currie has recruited four more members of Scottish Widows Investment Partnership’s global emerging markets desk.
Ions takes over from Legge at Liontrust

13 May 2010

Liontrust chief executive Nigel Legge is leaving the company he co-founded.
Schroders launches second fund on GAIA platform

13 May 2010

Schroders has teamed up with Sloane Robinson to launch a second fund on its Global Alternative Investor Access platform.
IMA highlights concerns on Ucits IV and AIFM directives

12 May 2010

The Investment Management Association has slammed the pending Ucits IV package, claiming the improvements are much smaller than initially thought.
Mike Godfrey leaves Bluefin

12 May 2010

Mike Godfrey has quit his role at Bluefin Advisory Services after three years with the firm.
UK unemployment increases to 2.5 million

12 May 2010

The number of unemployed people in the UK has reached its highest level since December 1994.
Anja Balfour quits Axa Framlington

11 May 2010

Axa Framlington Japan fund manager Anja Balfour has left the firm following a reorganisation of the Japanese equities team.
FTSE rebounds strongly on EU loan deal

10 May 2010

Shares in the FTSE 100 rise over 5 per cent after European agreement over £635bn loan guarantee package to stop Greece’s debt crisis spreading.
Rathbones launches two multi-asset funds

10 May 2010

Rathbones Unit Trust Management has launched two multi-asset funds which aim to produce targeted absolute returns.
Networks face future of consolidation

7 May 2010

Openwork chief executive Martin Davis says he expects there to be only two or three networks remaining by 2013.
FTSE flounders as UK wakes to hung parliament uncertainty

7 May 2010

The strong chance of a hung parliament and falls in both the US and Asian markets saw a sharp fall in the FTSE 100 this morning.
Liontrust co-founder Nigel Legge stands down

7 May 2010

Liontrust co-founder and chief executive Nigel Legge has quit his role as chief executive.
The impact of a hung Parliament for markets

7 May 2010

F&C director of UK strategy Ted Scott says the UK risks losing its AAA rating status if it does not offer a credible plan to tackle the high budget deficit following the election.
Schroders aims for income maximiser hat-trick

6 May 2010

Firm is looking at third maximiser fund with the US and Europe two potential targets.
Rambourg back with Gartmore as an analyst

6 May 2010

Guillaume Rambourg, the suspended manager of the Gartmore European absolute return fund, has returned to the group as an investment analyst.
Thames River brand to stay if F&C deal goes ahead

6 May 2010

Hollands: ‘Keep all the good people’
The big spring clean

6 May 2010

Chris Salih on changes at Henderson as the fund firm rationalises its range after the New Star buy
Martin Currie poaches emerging markets quartet from Swip

5 May 2010

Martin Currie has poached four more members of Scottish Widows Investment Partnership’s global emerging markets desk as it continues to build its own capability in the region.
Bill Mott - UK economy set for long struggle

4 May 2010

PSigma income manager Bill Mott believes the UK is set for a “tough but not impossible” economy with anaemic growth.
S&P warns on F&C credit position

30 Apr 2010

Standard & Poor’s has put F&C’s credit position on watch over concerns over the firm will be highly leveraged should the deal with Thames River be completed.
GLG set to close UK alpha select fund

30 Apr 2010

GLG is to close the Ucits III version of its UK alpha select fund on May 5, 2010, after the fund reached its asset target of £195m.
RBS chairman admits bankers are overpaid

30 Apr 2010

Royal Bank of Scotland chairman Sir Philip Hampton has admitted that too many bank employees are overpaid.
Argonaut Russ wants Euro income sector

30 Apr 2010

Argonaut partner Olly Russ says there are now enough funds in the market to merit the Investment Management Association launching a European income sector.
Artemis fund ratings cut over SmartGarp problems

30 Apr 2010

Bestinvest has dropped its ratings on two Artemis funds, citing problems with the firm’s investment process SmartGarp.
Europe splits on the north-south divide

30 Apr 2010

Chris Salih reports that Europe funds have performed well but advisers are reluctant to move into the sector
Cazenove offers choice of charges

29 Apr 2010

Cazenove is introducing two new share classes across its multi-manager range in preparation for the retail distribution review.
GDP rises by just 0.2% in first quarter

29 April 2010

The UK economy disappoin-ted with GDP growth of only 0.2 per cent in the first quarter of this year compared with a rise of 0.4 per cent in the final quarter of 2009.
Hargreaves stepping down as chief executive

29 April 2010

Hargreaves: Staying on as executive director
Head of compliance leaves Gartmore

29 April 2010

Gartmore head of compliance Gerry Harvey has left the firm, with David Young taking over on an interim basis.
MC Trustees sets up first Malta Qrops

29 April 2010

MC Trustees is launching what it believes is the first Qrops based in Malta.
More fund mergers for Henderson

29 April 2010

Henderson is to merge five funds into others as it continues to rationalise its range following the acquisition of New Star Asset Management in 2009.
Mustoe in for Yerbury as CIO at Perpetual

29 April 2010

Yerbury: Phased retirement
Venture trusts double take to reach £340m

29 April 2010

Venture capital trusts raised a total of £340m in the last tax year, more than double the £158m raised in the previous tax year, according to figures from the Association of Investment Companies.
Gartmore head of compliance leaves firm

28 Apr 2010

Gartmore head of compliance Gerry Harvey has left the firm, with David Young taking over on an interim basis, this week’s Money Marketing reveals.
F&C set to acquire Thames River Capital

28 Apr 2010

F&C Asset Management is set to buy investment boutique Thames River Capital in a deal worth up to £53.6m.
Henderson unveils raft of fund changes

27 Apr 2010

Henderson has unveiled a raft of mergers across its UK equity and multi-manager ranges following the acquisition of New Star Asset Management last year.
Peter Hargreaves to step down as Hargreaves Lansdown chief executive

26 Apr 2010

Peter Hargreaves is to step down as chief executive of Hargreaves Lansdown later this year.
Schroders - Expect VAT to rise to 19 per cent

26 Apr 2010

Schroders European economist Azad Zangana expects VAT to rise to 19 per cent after the general election.
LGT Capital Partners set for Ucits III fund launch

26 Apr 2010

LGT Capital Partners is to launch a Ucits version of its crown managed futures fund.
Property goes with the flow

26 Apr 2010

Chris Salih reports on the property resurgence
MC Trustees launch QROPS in Malta

23 Apr 2010

MC Trustees Limited is launching what it believes is the first QROPS based in Malta.
Dampier baffled by popularity of 'boring' property

23 Apr 2010

Hargreaves Lansdown head of research Mark Dampier believes property has become “a boring asset class” and is surprised at the amount of money moving into the sector.
LibDem surge could boost gilt yields

23 Apr 2010

Pattullo: ‘LibDems not priced in’
Offshore fund influx could mean absolute sector split

23 Apr 2010

Industry experts have warned that the Investment Management Association may have to split up the absolute return sector if a number of offshore vehicles move into it.
Tenet adds RDR support programme

22 Apr 2010

Richards: ‘Misunderstanding’
Action group to fight FSCS

22 April 2010

The Keydata Victims Action Group is rallying investors to call for a judicial review of the Financial Services Compensation Scheme’s position of not compensating non-Isa investments.
AWD Chase de Vere aims to add 30 advisers

22 April 2010

Laverick: ‘Growth plans’
VCTs raisings hit £340m

21 Apr 2010

Venture Capital Trust have raised a total of £340m in the last tax year, more than double the amount raised in the previous tax year, according to figures from the Association of Investment Companies.
Goldman trader Fab removed from FSA register

21 Apr 2010

The bond trader at the centre of the Goldman Sachs fraud case has been removed from the FSA register.
IMF calls for two new global bank taxes

21 Apr 2010

The International Monetary Fund is set to call for two new bank taxes to compensate taxpayers for money lost in the credit crunch.
Hargreaves Lansdown Isa sales double

16 Apr 2010

Hargreaves Lansdown new Isa sales double from £412m to £812m.
IMA urged to set up SRI fund sector

16 Apr 2010

Aberdeen multi-manager fund manager Scott Spencer has called for the Investment Management Association to form a new sector for socially responsible funds.
UK income losing out to global funds

16 Apr 2010

M&G managing director global sales Jonathan Willcocks says he is seeing money come out of the UK equity income sector as a result of growth of multi-asset and global equity income funds.
Keydata action group calls for judicial review of the FSCS

15 Apr 2010

Keydata action group Keydatavictims calls for non-Isa investors to unite to launch a judicial review of the FSCS’s position on compensation.
Bolton hails £460m China fund launch

15 April 2010

Industry experts have hailed the launch of Anthony Bolton’s Fidelity China special situations fund a success despite it failing to reach the £650m raising target.
Ex-Schroder star Clough joins Japan specialist Morant Wright

15 April 2010

Clough: ‘Tremendous reputation’
Morningstar in £12m deal for Old Broad St

15 April 2010

Morningstar UK has bought Old Broad Street Research for £11.95m.
Ex-Schroder Tokyo star Clough returns to fund management

14 Apr 2010

Former Schroder Tokyo star manager Denis Clough has joined Morant Wright.
Lib Dems call for ‘Big Bang’ on banker bonuses

14 Apr 2010

The Liberal Democrats have called for a ban on banker bonuses of more than £2,500 as part of their plans to shake-up City pay.
Tories plan to fast-track inquiry to sell state bank stakes

12 Apr 2010

A Conservative government may fast track bank inquiry in bid to sell state bank stakes.
Over-50s bring an Isa boom as sales double

9 Apr 2010

Leading discount brokers are hailing an Isa season bonanza with sales reckoned to be double the previous year.
Succession appoints quintet

9 Apr 2010

IFA consolidator Succession Advisory Services has made five senior appointments to its team as it looks to speed up its transition programme.
Super charge

9 Apr 2010

Chris Salih reports on a protest over cash Isas
Vanguard may pass on reserve tax cut

9 Apr 2010

The firm could cut the 0.5 per cent up-front fee on its passive UK equity and UK equity income funds.
Fidelity appoints L&G’s Ben Waterhouse as head of UK wholesale sales

8 Apr 2010

Fidelity has appointed Ben Waterhouse as head of UK wholesale sales.
Firms wait for Gartmore details

8 April 2010

Advisers are calling for more details about the US Securities and Exchange Commission investigation into Gartmore to be made public, with Bestinvest not recommending any new investments into Gartmore funds until this happens.
Gartmore reveals more details on SEC inquiry

7 Apr 2010

Gartmore has revealed that the investigation by the US Securities and Exchange Commission is for a single inadvertent breach made in May 2009.
Towry Law granted interim injunction against former Edward Jones advisers

7 Apr 2010

Towry Law has been granted an interim injunction against six former Edward Jones advisers.
Bankers press UKFI to issue Lloyds and RBS convertible bonds

7 Apr 2010

Bankers are calling on UK Financial Investments to consider a convertible bond for Government-held stakes in both Lloyds and Royal Bank of Scotland ahead of next month’s election.
Ignis set to offer absolute fund

2 Apr 2010

Ignis Asset Management is looking at launching an absolute return fund as part of a widening of its fixed-income range, Money Marketing understands.
New shores

2 Apr 2010

Chris Salih on the IMA’s move to add offshore funds
Schroders considers clean fee share class

2 Apr 2010

Schroders is looking at introducing a clean fee share class for its funds on platforms.
Hargreaves Lansdown suspends Rambourg fund from Wealth 150

1 Apr 2010

Hargreaves Lansdown has withdrawn the Gartmore European absolute return fund from its wealth 150 following the suspension of fund manager Guillaume Rambourg.
Chelsea FS drops Jupiter income from leaders list

1 Apr 2010

Chelsea Financial Services has dropped the £2.8bn Jupiter income fund from its leaders range of funds for the first time.
IMA urged to add sectors after bringing in offshore funds

1 Apr 2010

Fund managers and advisers have called for the Investment Management Association to set up more sectors after announcing that offshore funds will start to be added to the existing sectors this month.
Roger Guy slams “excessive” Gartmore rules for Rambourg suspension

1 Apr 2010

Gartmore star fund manager Roger Guy has slammed the firm for its “excessive” internal compliance rules, which he says led to the suspension of co-manager Guillaume Rambourg.
Gartmore suspends Rambourg in trading probe

1 April 2010

Gartmore has suspended fund manager Guillaume Rambourg pending the outcome of an internal probe regarding possible breaches in directing trades.
Regulator probing volume override deal

1 April 2010

The FSA says it is looking into a potential breach of its incentives rules by a firm.
Consumer Focus group issues super-complaint to OFT over cash Isa market

31 Mar 2010

The Consumer Focus group has issued a super-complaint to the Office of Fair Trading about the poor state of the UK cash Isa market.
Rambourg investigated over broker favouritism - reports

31 Mar 2010

Gartmore is probing star manager Guillaume Rambourg for favouring certain brokers when carrying out dealings, reports suggest.
Gartmore suspends fund manager Guillaume Rambourg

30 Mar 2010

Gartmore has suspended fund manager Guillaume Rambourg pending the outcome of an internal probe regarding breaches in directing trades.
Veritas bolsters global team

30 Mar 2010

Veritas Asset Management has appointed Neil Cooper as senior analyst for the global team.
RDR: FSA investigates platform incentives breach

26 Mar 2010

The FSA says it is currently looking into a potential breach by a firm of its incentives rules.
RDR: FSA pushes platforms to unbundle charges

26 Mar 2010

The FSA has proposed to ban any payments from providers to platforms and stop rebates to consumers in a raft of measures seeking to unbundle platform charges.
Perspective acquires Chessman & Partners

25 Mar 2010

IFA consolidator Perspective Financial Group has made its second acquisition in 2010 after buying Chessman & Partners.
Risk fears at Aim link for Isas

25 March 2010

Advisers are concerned at Bud-get proposals to consult on making Aim shares eligible as a tax-advantaged investment for retail savers through Isas.
BUDGET 2010: AIC welcomes plans to review tax legislation on investment trusts

24 Mar 2010

The Association of Investment Companies has welcomed the announcement that the Government intends to review the tax legislation for investment trust companies.
BUDGET 2010: Experts query Isa increase

24 Mar 2010

Advisers and industry experts have questioned the decision by Chancellor Alistair Darling to increase the Isa allowance in line with inflation.
BUDGET 2010: IMA welcomes plans to improve competitiveness of UK funds

24 Mar 2010

The Investment Management Association has welcomed plans to improve the competitiveness of UK domiciled funds.
BUDGET 2010: Darling expected to freeze income bands in 'stealth tax'

24 Mar 2010

Millions set for higher income tax bills as the Chancellor plans to freeze all income tax bands.
IFA network launches new website

24 Mar 2010

IFA network Financial Advisor has launched a new website designed to offer unbiased reviews and information on the financial advisers in the UK.
IMA set to admit offshore funds to sectors

23 Mar 2010

The Investment Management Association has announced that it is to include a number of offshore funds within its sector classifications from April 1, 2010.
Fidelity CIO Nicky Richards resigns

23 Mar 2010

Fidelity International chief investment officer Nicky Richards is leaving the firm after four years.
Axa IM to bring US fixed income fund to market

22 Mar 2010

Axa Investment Managers is planning to launch its US short duration high yield fund into the UK market, subject to regulatory approval.
Lloyds set to sell St James’s Place stake

22 Mar 2010

Lloyds Banking Group is looking to offload some or all of its 60 per cent stake in St James’s Place this week, according to a report in the Independent on Sunday.
Opening the floodgates

19 Mar 2010

Changes to Ucits regulation will see an influx of overseas competitors vying for UK market share, says Chris Salih
Aviva enters Indonesian insurance market with joint venture

18 Mar 2010

Aviva has entered the Indonesian insurance market after acquiring a 60 per cent stake in PT Asuransi Winterthur Life Indonesia.
Bestinvest picks new leaders

18 March 2010

John Spiers is to step down as CEO at Bestinvest for the second time.
Death of Sir Brian Pitman

18 March 2010

Sir Brian Pitman – ‘A City giant’
China syndrome

15 Mar 2010

Chris Salih takes stock of the China debate
Henderson confirms rebrand of New Star funds

12 Mar 2010

Henderson has finally confirmed that it is to drop the New Star name from its branding.
Spiers steps back again as Bestinvest appoints new chairman and chief executive

12 Mar 2010

John Spiers is to step down from the helm of Bestinvest for the second time after the group appointed a new chairman and chief executive.
Former Lloyds TSB boss Sir Brian Pitman dies aged 78

12 Mar 2010

Former Lloyds TSB boss and chairman of Virgin Money Sir Brian Pitman has died aged 78.
Woodford funds back on top form

12 Mar 2010

Invesco Perpetual fund guru Neil Woodford has seen both his leading income funds bounce back to the top of the sector over the past three months.
Aberdeen switches from Europe to US

12 Mar 2010

Aberdeen multi-manager duo Graham Duce and Aidan Kearney have dropped their exposure to Europe across the fund range, citing concerns over the markets and currency.
Regulators and ombudsman propose new protection committee

11 Mar 2010

The Financial Services Authority, the Office of Fair Trading and the Financial Ombudsman Service have proposed the creation of a new consumer protection committee.
Former Liontrust stars set up boutique

11 March 2010
Insight shutting two funds

11 March 2010

Insight Investment is to close its UK smallcap and evergreen funds after some principal investors redeemed their holdings.
Winterflood appeals against £4m FSA fine

10 Mar 2010

Winterflood Securities has challenged the FSA in the Court of Appeal over a £4m fine received from the regulator in 2008.
Lang and Pattisson set for boutique launch

8 Mar 2010

Former Liontrust star managers Jeremy Lang and William Pattisson are to launch their own asset management boutique this autumn.
Isa breakers

8 Mar 2010

As low interest rates fuel a search for income, 2010 is gearing up to be a vintage year for Isas, says Chris Salih
Insight to close UK small cap and evergreen funds

5 Mar 2010

Insight Investment is to close its UK small cap and evergreen funds after a number of principal investors chose to redeem their holdings.
UK bonus supertax set to net £2.5bn

5 Mar 2010

The banker bonus supertax is set to pull in a total of £2.5bn for the Treasury, a survey by the Financial Times has found.
Jupiter looks at potential flotation

5 Mar 2010

Jupiter Asset Management has sought an amendment to its £375m loan documents, paving the way for a possible initial public offering.
Fidelity's share buying move could stop the stags

5 Mar 2010

Winterflood Securities head of research Simon Elliot says Fidelity’s decision to buy its own shares on an ad hoc basis may prevent investors stagging Anthony Bolton’s China special situations trust.
Vanguard looks to boost index trackers

5 Mar 2010

Vanguard is looking to add to its UK range of index trackers with the launch of both an index linked bond and real estate property fund.
Capita set for admin sale as it sets aside £30m for Arch cru

4 March 2010

Capita has revealed that it is in active discussions to sell off part of admin arm Capita Financial Managers as it set aside £30m for potential losses arising from the Arch cru debacle.
FSA alert over abroad fraud web grabbers

4 March 2010

FSA: ‘Never deal with unauthorised firms’
New Star acquisition helps Henderson back into black

4 March 2010

Henderson Group has unveiled a £15.5m profit for 2009 despite an 8 per cent fall in its recurring profit before tax.
LaSalle Investment Management appoints European MD

3 Mar 2010

LaSalle Investment Management has appointed Susan Lloyd-Hurwitz to the new role of managing director, Europe.
Aegon targets pension funds with active property launch

2 Mar 2010

Aegon Asset Management is targeting pension funds with the launch of a value property fund that will offer an initial projected yield of 7 per cent.
AWD Chase de Vere plans £1.4m investment to boost client offering

2 Mar 2010

AWD Chase de Vere has appointed Focus Solutions to provide software support to bolster adviser efficiency and its client service proposition.
Jupiter poaches Investec’s Tevenan for new sales role

2 Mar 2010

Jupiter Asset Management has hired Investec’s John Tevenan as sales director for global financial institutions.
Evercore launches first funds for the retail market

2 Mar 2010

Evercore Pan Asset Capital Management has launched its first set of funds for the retail market.
Barings appoints head of Latin American equity

1 Mar 2010

Barings Asset Management has appointed Roberto Lampl as head of Latin American equity.
Adviser concern at Aviva property offer

25 Feb 2010

An adviser has slammed Aviva Investors for drumming up business in its flagship property trust despite a large majority of the fund being held in cash.
Fidelity adds provisos to China performance fees

25 Feb 2010

Advisers have welcomed the decision by Fidelity to introduce caveats on the performance fee for Anthony Bolton’s impending China special situations trust.
'Over-regulation is putting small-cap stockbrokers out of business'

24 Feb 2010

Wills & Co Financial Group founder and chief executive Peter Shakeshaft has slammed the FSA for over-regulation of the small-cap investment market.
FSA issues share scam warning

24 Feb 2010

The Financial Services Authority has issued a warning over an increase in overseas fraudsters selling shares by imitating FSA authorised firms and individuals.
Dog daze

24 Feb 2010

Chris Salih assesses the latest Chelsea FS analysis of funds which have failed to keep up with the market rally
Henderson moves back into profit

24 Feb 2010

Henderson Group has unveiled a £15.5m pre-tax profit in 2009 despite an 8 per cent fall in its recurring profit before tax.
Charles Stanley eyes up Chartwell Direct

24 Feb 2010

Charles Stanley is understood to be in talks with investment brokers Chartwell Direct to acquire part of the business.
SJP heaps pressure on Lloyds to sell stake

22 Feb 2010

Bumper results and shareholder concerns may see Lloyds sell the wealth fund manager.
Second best

19 Feb 2010

Chris Salih analyses the reasons behind the below-par returns on Skandia’s UK best ideas fund
Remuneration rejig at Hargreaves Lansdown

18 Feb 2010

Hargreaves Lansdown is changing the way it pays its advisers in order to retain its independent tag under the retail distribution review.
The stags are out for Bolton's fund

18 Feb 2010

Investment trust experts believe investors may look to make quick profit from Anthony Bolton’s new China offering.
China fund could be the biggest-ever opener for a trust

18 February 2010

If Fidelity meets its target of 3630m for Anthony Bolton’s China special situations fund, it will be the biggest investment trust cash-raising ever seen.
Moneygate cools on A2O deal as other firms move in

18 February 2010

Moneygate chief executive Lee Hartley says a deal for network Alpha to Omega is unlikely as a number of other firms are now believed to be interested in the business.
A2O sale fails over liability concerns

17 Feb 2010

The administrator for Alpha 2 Omega says it has failed in its bid to secure the sale of the adviser network due to liability concerns.
Hargreaves Lansdown drops Skandia UK best ideas from Wealth 150

16 Feb 2010

Hargreaves Lansdown has dropped Skandia’s UK best ideas fund from its Wealth 150 range.
FSA bans mortgage broker for failing to prevent fraud

15 Feb 2010

The Financial Services Authority has banned a London-based mortgage broker for failing to prevent his business being targeted by mortgage fraudsters.
FSA takes property company to court on rule breaches

15 Feb 2010

The Financial Services Authority is taking a billion-pound company to court over charges that they breached rules on corporate takeovers to the regulator.
Back and beyond

15 Feb 2010

As absolute return funds hit a sweet spot, Chris Salih wonders if the funds are back for good this time
Moneygate: A20 deal “unlikely”

12 Feb 2010

Moneygate chief executive Lee Hartley says a deal for network Alpha to Omega is now unlikely despite a third offer for the business remaining on the table.
Swip looks to improve flexibility of property fund

12 Feb 2010

Scottish Widows Investment Partnership is looking to widen the investment remit of its £1.5bn property trust.
£630M aim for Bolton China fund

11 February 2010

Fidelity plans an initial capital-raising of £630m for Anthony Bolton’s China special situations investment trust.
Dividends down 15% in 2009 but 5% rise forecast for this year

11 February 2010
Liontrust plans £2.5m cuts as duo join to turn round outflows

11 February 2010

Liontrust Asset Management has appointed John Ions and Graham Hooper as the company looks to rebuild its business following the departures of Jeremy Lang and William Pattisson.
Moneygate tipped for A2O deal

11 February 2010

North-east IFA network Moneygate has emerged as front runner to acquire Alpha to Omega.
Members look for last minute A2O buyout

10 Feb 2010

Appointed representatives from Alpha to Omega are planning a late bid to snare the network from Moneygate.
Hargreaves Lansdown pre-tax profits up 9%

10 Feb 2010

Net business flows and assets under administration jump more than 50 per cent.
Moneygate frontrunner to acquire A20

10 Feb 2010

North East IFA network Moneygate has emerged as frontrunner to acquire Alpha to Omega, this week’s Money Marketing reveals.
Bolton China fund set to raise £630m

9 Feb 2010

Fidelity plans an initial capital raising of £630m for Anthony Bolton’s China special situations investment trust.
Tenet sees profits slashed

9 Feb 2010

Tenet Group has seen its pre-tax profits slashed to £1m in the 12 months to September 30, 2009.
Deutsche Bank sets aside £196m for UK bankers’ supertax

5 Feb 2010

Deutsche Bank has revealed that it has set aside £196m towards the payment of a UK “supertax” on bankers bonuses.
Henderson is leaning towards tilted trackers

5 Feb 2010

Henderson New Star director of retail business development Stewart Cazier has revealed the firm is considering launching tilted trackers and he expects other fund firms to follow suit.
Liontrust sees further outflows and reveals cost-cutting measures

4 Feb 2010

Liontrust Asset Management is to embark on a cost-cutting exercise in view of its current funds under management.
Dampier concern over investment trust choice for Bolton China fund

4 Feb 2010

Bolton: Gearing ability
Santander UK profits up 30%

4 Feb 2010

Santander has revealed its UK profits have risen over 30 per cent in 2009.
Lawyer claims A2O is being packaged to sell with reps

4 Feb 2010

A law firm representing members of Alpha 2 Omega has raised concerns that administrators are trying to “pre-pack” A2O advisers and their client assets to sell on to another IFA firm.
Aberdeen merging UK and Euro funds

4 February 2010

Aberdeen is merging some of its UK and European funds in a bid to improve efficiency.
Lawyer claims A2O is being packaged to sell with reps

3 Feb 2010

A law firm representing members of Alpha 2 Omega has raised concerns that administrators are trying to “pre-pack” the business and sell it on.
FSA bans and fines hedge fund manager for ‘mis-marking’

3 Feb 2010

The Financial Services Authority bans BlueBay Asset Management’s Simon Treacher for ’mis-marking’.
SIG drops trio from UK best ideas fund

2 Feb 2010

Skandia Investment Group has removed a number of managers from its UK best ideas range, including Jupiter income guru Anthony Nutt.
Aberdeen to merge away UK and European opps funds

1 Feb 2010

Aberdeen is merging away its UK and European opportunities fund in a bid to improve the efficiency of its range.
Artemis set for buyout

1 Feb 2010

Artemis Investment Management is set to be bought by its senior management and US fund house Affiliated Managers Group.
AWD appoints head of development and training

1 Feb 2010

AWD Chase de Vere has appointed Carl Pimlott as head of professional development and training.
Santander expands portfolio range

1 Feb 2010

Santander Asset Management has launched a sterling corporate bond fund and and an enhanced income fund to sit within its portfolio investments range.
New Star funds look to Russia and Africa

29 Jan 2010

Henderson has ramped up exposure to Africa and Russia with its New Star fund of funds range.
Michael Bolton joins Clayton Euro Risk in sales and marketing role.

28 Jan 2010

Ex-Edeus chief executive officer Michael Bolton has joined Clayton Euro Risk as director of sales and marketing for Europe.
Alpha 2 Omega goes into administration

28 January 2010

Move follows suspension over compliance concerns
Investors reject Gartmore Japan funds' merger

28 January 2010

Gartmore shareholders last week voted against proposals to merge its £24m Japan opportunities fund into the forthcoming Japan absolute return fund.
Newton and Standard funds fall off white list

28 January 2010

Newton’s Tineke Frikkee and Standard Life’s Karen Robertson are the two big-name exclusions from the latest Principal Investment Management white list.
HSBC looks at passive offering for Openfunds

27 Jan 2010

HSBC Global Asset Management is looking to add a passive offering to its Openfunds multi-manager range.
Fidelity confirm Bolton’s China fund will be investment trust

27 Jan 2010

Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust.
Gartmore bolsters distribution team

27 Jan 2010

Gartmore has appointed Richard Turner as account director for its UK retail distribution team.
A20 goes into administration

26 Jan 2010

IFA network Alpha to Omega has been placed into administration, Money Marketing can reveal.
Dampier repeats concerns over closed-ended launch for Fidelity's Bolton

26 Jan 2010

Hargreaves Lansdown head of research Mark Dampier has reiterated his concerns over Anthony Bolton’s new China fund launch being offered in a closed-ended structure.
Fidelity suspends two fund managers for "violations"

26 Jan 2010

Fidelity confirms two fund manager suspensions in Hong Kong over a potential breach of its internal code of conduct.
AWD Chase De Vere appoints ex-Towry Law marketing head

25 Jan 2010

AWD Chase De Vere has appointed Patrick Connolly as its head of communications.
JLT completes acquisition iimia Wealth Management

25 Jan 2010

JLT has completed the acquisition of iimia Wealth Management in a £7.25m deal.
Growing pains

25 Jan 2010

Chris Salih on why the IMA’s UK equity income & growth sector is failing to win new friends
Grey day for Newton and Standard Life equity income funds

25 Jan 2010

Principal Investment Management has relegated Newton higher income and Standard Life UK equity higher income from its white list of funds.
FSA suspends A2O from all regulated activities

22 Jan 2010

The FSA has suspended Alpha 2 Omega from all regulated activities until it addresses concerns around compliance arrangements.
Aberdeen looks to switch fund back into UK equity income sector

22 Jan 2010

Aberdeen co-head of multi-manager Aidan Kearney says the firm is likely to ask the Investment Management Association to move its UK income fund back into the IMA UK equity income sector in March.
Ucits III is chance to redefine balanced managed

22 Jan 2010

Swip multi-manager head of distribution Bernard Henshall says the Ucits III rules should be an opportunity for fund managers to redefine the balanced managed sector.
Aldermore launches fixed rate Isas

21 Jan 2010

Aldermore hasn entered into the fixed rate Isa market with the launch of three new products.
St. James Place reveals strong business flows in Q4

21 Jan 2010

St James Place has revealed a 50 per cent increase in total single investments for the final three months of 2009.
A20 is told to stop business on some funds

21 January 2010

The FSA has ordered IFA network Alpha to Omega to stop new business on certain funds, inc-luding Arch cru, as well as on structured products, pension transfers and drawdown.The FSA’s register reveals that A2O will stop, with immediate effect, all new business connected with Arch cru funds, Barclays capital jade elixir deposit account, Curzon fixed capital protected profit lock-in deposit account, Guildhall absolute ret-urn fund and Vinum Bordeaux first growth plus fine wine ...
Bestinvest buys Haines Watts

21 January 2010

Bestinvest has acquired Haines Watts Financial Services in a deal that brings the group’s total client assets to over £4bn.The deal provides Bestinvest with a national network of advisers in more than 20 locations across the country. The combined firm has more than 150 staff members and 70,000 clients.Bestinvest chief executive officer John Spiers says: “HWFS has an excellent client base and a team of highly skilled and experienced consultants. We welcome the ...
Gold guru Birch quits BlackRock

21 January 2010

Gold specialist Graham Birch has decided to quit BlackRock after taking a sabbatical from the firm.Evy Hambro is to continue the management of the BlackRock gold and general fund.Birch went on sabbatical at the end of March 2009, having managed the fund since 1999. The £2.1bn fund has returned 62 per cent in the past three years.In addition to running both gold and general and world mining funds, Birch was also head of BlackRock’s natural resources ...
Prudential launches five multi-asset funds

20 Jan 2010

Prudential has launched five risk-rated multi-asset funds in partnership with Old Broad Street Research.
Geffen slams Kraft takeover bid

19 Jan 2010

Neptune founder claims deal is bad for all involved.
Marshall Wace set to enter ETF market

18 Jan 2010

Marshall Wace is set to launch a publicly listed exchange traded fund to track its Tops fund strategy.
Ignis appoints Tim Roberts as chief operating officer

18 Jan 2010

Ignis Asset Management has appointed Tim Roberts as chief operating officer.
Henderson to re-open New Star international property fund next month

18 Jan 2010

Henderson is to re-open the New Star international property fund on February 12, 2010.
IMF head warns of ‘double-dip’ for global economy

18 Jan 2010

The International Monetary Fund head has warned that the global economy could experience a ‘double-dip’ recession.
Bestinvest acquires financial services arm of Haines Watts

15 Jan 2010

Bestinvest acquires HW Financial Services bolstering the group’s total client assets over £4bn.
Graham Birch quits BlackRock

15 Jan 2010

Gold specialist Graham Birch has decided to quit BlackRock after taking a sabbatical from the firm.
Charles Stanley appoints head of new fund sales and distribution

15 Jan 2010

Charles Stanley has appointed Andrew Atkins as head of new fund sales and distribution.
Only one fund fails income yield sector marker

15 Jan 2010

Advisers say the IMA UK equity income and growth sector is pointless.
FSA restricts A2O on pensions and investment new business

14 Jan 2010

The FSA has ordered IFA network Alpha to Omega to stop new business on certain funds, including Arch cru, as well as structured products, pension transfers and drawdown.
'Bring in ISO to develop fund classifications'

14 Jan 2010

Syndaxi Chartered Financial Planners managing director Rob Reid wants the Investment Management Association and the Association of British Insurers to work with ISO to improve fund classifications.
Aberdeen gets alternatives' boost in £84m deal with RBS

14 January 2010

Aberdeen Asset Management has agreed a deal with Royal Bank of Scotland to buy part of its asset management business for £84.7m.The acquisition sees £13.5bn of assets pass to Aberdeen, including the multi-manager and fund of hedge fund assets. Some private equity and real estate fund of funds are also part of the deal, which is subject to regulatory approval and is set to conclude in the first quarter of this year.Aberdeen and RBS Wealth Management have also ...
Mott is hungry for a return to nifty 50

14 January 2010

PSigma fund manager Bill Mott believes the next 12 months will see investors become yield- hungry as we see a return to the “nifty 50” market.Mott also argues that now is the right time to withdraw quantitative easing.He says companies which maintained or improved their dividends in the past two years are unlikely to cut them now.He says: “There are a number of companies which currently yield significantly more than 10 year gilts and we believe that these ...
Impasse over cru documents

13 Jan 2010

Fatchett and Maguire in deadlock
Dalton to launch European absolute return fund

13 Jan 2010

Dalton Strategic Partnership is planning to launch a Ucits III mirror of its offshore Melchior European hedge fund next month.
PSigma IM appoints Tom Becket as CIO

12 Jan 2010

PSigma has appointed Tom Becket as chief investment officer and Tim Gregory as head of global equities.
Axa Framlington appoints Dan Harlow to UK equities team

12 Jan 2010

Axa Framlington has appointed Dan Harlow as a portfolio manager in its UK equities team.
Veteran Asia fund manager Peter Hames to leave Aberdeen

11 Jan 2010

Aberdeen Asset Management head of Asia equities Peter Hames is to leave the firm after 20 years.
Mott: Investors to become ‘yield hungry’

11 Jan 2010

PSigma income manager Bill Mott says investors will become yield hungry in the next 12 months as the ‘nifty fifty’ market returns.
Japan could be a surprise success

8 Jan 2010

Skerritt Consultants head of investments Andy Merricks believes that Japan could be one of the surprise investment successes of 2010.
Maguire launches action group and on brink of bankruptcy

8 Jan 2010

Cru founder Jon Maguire is setting up his own action group to tackle what he alleges has been the mis-management of the Arch-cru fund range.
Aberdeen agrees £85m deal with RBS for asset management arm

8 Jan 2010

Aberdeen Asset Management is to pay Royal Bank of Scotland £85m for around half of its asset management business.
Potter says funds turned into closet trackers to boost returns

8 Jan 2010

Thames River co-head of multimanager Gary Potter says a number of funds became closet index trackers last year to produce strong returns.
Threadneedle promotes Leigh Harrison and appoints trio of fund managers

7 Jan 2010

Leigh Harrison to become head of equities as Threadneedle boosts UK desk with the appoointment of Simon Brazier, Richard Colwell and James Thorne.
Iceland’s president defends repayment decision

7 Jan 2010

Iceland’s president Olafur Ragnar Grimsson defends move to block repayment deal amid concerns over diplomatic repercussions.
Rathbones appoints Mike Webb as chief exec of unit trust business

7 Jan 2010

Rathbones appoints Mike Webb as chief executive of its unit trust business, replacing the retiring Peter Pearson Lund.
Maguire resigns as Africa Invest chief exec

7 Jan 2010

Jon Maguire has resigned as chief exec of Africa Invest.
Court ruling gives advisers Arch hope

7 Jan 2010

A recent county court judgment between John Petrie and Standard Life may offer advisers hope over investments into the Arch cru fund range.
Swip appoints Mark Connolly as director of fixed income

6 Jan 2010

Scottish Widows Investment Partnership has appointed Mark Connolly as director of fixed income.
Control centre for client cash

6 Jan 2010

Chris Salih and Hannah Stodell report on plans for a new body to regulate how firms deal with client money
Pimco warns of rating downgrade if Labour fails to act

6 Jan 2010

Pimco warns there is an 80 per cent chance of a downgrade for Britain if Labour fails to act on public debt.
Standard Life appoints managing director for global equities

6 Jan 2010

Standard Life appoints Steve Weeple as managing director for global equities.
Credit Suisse hit with £14.9bn property lawsuit

5 Jan 2010

Credit Suisse has been accused of running a “predatory” loan-to-buy scheme that allegedly defrauded investors.
Liontrust appoints Adrian Collins as chairman

4 Jan 2010

Adrian Collins replaces Bernard Asher as non-executive chairman of Liontrust.
Goldman Sachs reviews London operation

4 Jan 2010

Bank to review operation following increased regulation on bankers.
Hedge fund manager to net £1.5bn from battered banks

23 Dec 2009

US manager invests at low point to make massive return.
S&P downgrades British banks

22 Dec 2009

Security on a par with Austria, Chile and Portugal.
Threadneedle confirms Simon Brazier appointment

22 Dec 2009

Brazier to be co-head of UK equities at Threadneedle.
Fund manager Simon Brazier leaves Schroders

21 Dec 2009

Schroder UK equity fund manager quits firm after 11 years.
Jupiter to launch European absolute return Sicav

18 Dec 2009

New fund set for launch in January 2010.
Skandia Investment Group makes senior redundancy

18 Dec 2009

Skandia Investment Group head of open-architecture has been made redundant.
AWD Chase de Vere appoints Stephen Kavanagh as CEO

18 Dec 2009

AWD Chase de Vere appoints Stephen Kavanagh as chief executive officer.
Dampier expects Bolton fund to stay open

18 Dec 2009

Hargreaves Lansdown head of research Mark Dampier says he would be surprised if Anthony Bolton ultimately opts for a closed-ended structure for his new Fidelity China fund.
Aviva's Europe property back to trading

17 Dec 2009

Aviva Investors has resumed trading on its European property fund after improvements in its liquidity position.
FOS rules Arch Cru too risky

17 Dec 2009

FOS upholds complaint against adviser over investment in CF Arch cru investment portfolio.
The best and worst fund performers in 2009

17 Dec 2009

Close Investments leads the way as almost 95 per cent of funds produce positive returns.
Richard Romer-Lee

17 December 2009

Old Broad Street Research’s research director says the company has come a long way in its 10 years and it is aiming to widen its rating, research and analysis services with an emphasis on adviser business and developing a global fund rating platform Interview by Chris Salih
Aviva re-opens European property fund

16 Dec 2009

Aviva resumes trading on property fund after 13 months.
FOS rules against adviser over Arch cru fund recommendation

15 Dec 2009

Financial Ombudsman Service rules against adviser who placed £100,000 investment for ‘low to medium’ risk client into CF Arch cru investment portfolio.
Gibbs’ funds raise £342m in pre-launch period

15 Dec 2009

Assets raised include £153m worth of switches from Jupiter financial opportunities fund.
T. Bailey plans passive multi-manager fund launch

14 Dec 2009

Fund to invest in international ETFs and trackers.
Perspective acquires Charles Reynolds Associates

11 Dec 2009

IFA consolidator Perspective appoints eleventh firm.
Goldman suspends cash bonuses for top 30 executives

11 Dec 2009

US bank to offer shares vesting over a five-year period instead of bonuses.
Bad debt to hit commercial property sector

11 Dec 2009

Rathbone’s chief investment officer Julian Chillingworth believes there is more pain to come for the UK commercial property sector.
Performance is cluster buster for UK equity income sector

11 Dec 2009

Jupiter chief executive Edward Bonham-Carter has rejected concerns of clustering in the UK equity income sector.
AVD to enter UK market in 2010

10 Dec 2009

Capital protected and tax efficient investment provider to enter the UK next year.
Harris will take over Henderson New Star multi range

10 Dec 2009

Henderson New Star’s Mark Harris is to take over the multi-manager range from head of equities Bill McQuaker.
Mispricing row after Arch-cru funds fall by £140m

10 Dec 2009

Mispricing row erupts after figures show Arch-cru fund range has lost £140m.
£100M cost of advice to Treasury on £850bn bailout

10 December 2009

The UK banking bailout has cost £850bn so far, according to the National Audit Office.
Bonus taxes won’t hit £500m mark

10 December 2009
McCarron leaving Fidelity Euro fund

10 December 2009

Fidelity European fund manager Tim McCarron is to leave the firm after 16 years.
Quality stocks key for Jupiter

10 December 2009

Jupiter chief executive Edward Bonham Carter says the maintenance of low interest rates is more important to equity returns than a strong economy or corporate earnings’ growth.
Richard Woolnough

10 December 2009

M&G’s fixed-income manager has had a great year and feels there is still a once-in-a-decade opportunity for bonds Interview by Chris Salih
IFG Group to buy James Hay for £35m

9 Dec 2009

IFG Group to buy James Hay from Santander for £35m.
PBR: Schroder’s Buxton says UK credit downgrade more likely

9 Dec 2009

Buxton says downgrade of UK credit status is more likely as defecit reduction plans are extended.
Specialist property asset manager launches

9 Dec 2009

Asset 1st focuses on offering specialist and valuation services to the UK property market.
Capita to distribute cru assets

7 Dec 2009

Suspension of funds, which have fallen an estimated £140m in value since March, will not be lifted and distribution will take between three and five years.
Arrest made over £20m investment fund probe

7 Dec 2009

A 58-year-old man is arrested in relation to fraud and money laundering offences.
cru cells face further delay

7 Dec 2009

Publication of the net asset value of underlying cru cells set for December.
Former BoE deputy joins GLG

4 Dec 2009

Sir John Gieve to focus on the group’s UK equity business
RBS set to back down over bonuses

4 Dec 2009

RBS insider claims pay-outs in the investment division will be “at the low, low end of the scale”.
Bank bail out has cost taxpayer £850bn so far

4 Dec 2009

National Audit Office says the Treasury was “justified” in using taxpayers’ money to bail out banks.
RBS board may quit if Treasury blocks £1.5bn staff bonuses

3 Dec 2009

Board advised to resign after the Chancellor said the government would have the right to veto bonus amounts.
Tim McCarron to leave Fidelity

2 Dec 2009

Fund manager set to take a career break.
Bonham Carter still wary over commercial property outlook

19 November 2009

Jupiter Asset Management chief executive Edward Bonham Carter says he is still wary about the fundamentals of the UK commercial property sector.
Death of ex-Cofunds distribution chief Campbell

19 November 2009

Former Cofunds managing director of distribution Mark Campbell has died.
Decumulate to accumulate

19 November 2009

Chris Salih reports on calls for fund firms to come up with products for the post-retirement market
Openwork advisers going off the road for RDR upgrade

19 November 2009

1,200 pension and investment advisers to undergo intensive training in multi-million pound upgrade.
Swip to run TU trusts

19 November 2009

TU Fund Managers has appointed Scottish Widows Investment Partnership to manage its unit-trusts from December 1.
BlackRock appoints co-manager for UK income fund

18 Nov 2009

Adam Avigdori appointed as co-manager.
Serious Fraud Office in £20m investment fund probe

13 Nov 2009

Serious Fraud Office probes fund promising a guaranteed return of 20 per cent a year.
AIC welcomes proposed changes to the AIFM directive

13 Nov 2009

Trade body is pleased with improved clarity on AIFM for member states.
Schroders calls for focus on post-retirement area

13 Nov 2009

Call for the asset management industry to develop more products for the post-retirement sector.
Schroders' Lynch sees 10-15% fallback

13 Nov 2009

European equity fund manager predicts fallback early next year.
GLG set to offer five absolute funds in UK

12 Nov 2009

Firm to take advantage of new reporting rules to open funds up to the UK market.
Norris for Argonaut UK recovery fund launch

12 Nov 2009

Ignis looks to Argonaut UK launch.
FSA bans mortgage brokers for fraud and governance arrangements

11 Nov 2009

FSA bans broker for fraud and concealing his involvement in running of firm
Adviser fears over Swip bonus ban

11 Nov 2009

Concern expressed over Swip’s ability to retain and recruit talented fund managers.
Justin Modray returns with new venture

11 Nov 2009

Ex-Bestinvest adviser returns with consumer website.
Axial comes under Ignis branding

12 November 2009

Axial Investment Management has rebranded under the Ignis Asset Management banner, completing the merger of the two businesses.
Commercial property revival could be 'wrong sort of recovery'

12 November 2009

HSBC Global Asset Management’s head of multi-manager Guy Morrell is warning that the recent recovery in commercial property may be unsustainable.
Langridge guides global fund for Lloyd George

12 November 2009

Lloyd George Management has launched a global emerging markets fund for Kathryn Langridge.
Mott predicts anaemic growth and end to rally

12 November 2009

PSigma income manager Bill Mott has warned that the UK market rally is set to end after going “too far, too quickly”.
Raiffeisen sees more upside for emerging markets in 2010

10 Nov 2009

Firm sees more growth despite the huge rally seen in 2009.
S&P Fund Services warns of clustering in the UK equity income sector

9 Nov 2009

Group says overlap is concerning a number of leading managers.
First round bids made for RBS Asset Management

9 Nov 2009

Aberdeen, BlackRock, Schroders and Henderson are all believed to have tabled bids.
Axial IM rebrands under Ignis

9 Nov 2009

Axial Investment Management has rebranded under Ignis Asset Management.
Alternative fund clients wary of European directive

6 Nov 2009

Less than 2 per cent of clients believe the alternative investment fund management directive will benefit them.
Aegon links up with Old Broad Street and Mercer

5 November 2009

Aegon has teamed up with Old Broad Street Research and Mercer to offer a new investment proposition to corporate and individual clients.
Dog pound

5 November 2009

The majority of the funds on Bestinvest’s latest Spot the Dog list are UK-invested. Chris Salih reports
Nine-month fund sales smash record for full year

5 November 2009

Equities regain lead over bonds with absolute return taking over as the top sector for retail business
Restricting the market

5 November 2009

Openwork believes the FSA’s “restricted advice” label could put people off seeking financial advice.
Thames River shifts to strategic bonds

5 November 2009

Thames River’s multi-manager team has moved further into the strategic bond sector, citing greater opportunities than in the corporate bond area.
Woolley takes over as Polar Capital chief exec Kary quits

5 November 2009

Polar Capital chief executive Mark Kary has resigned from the company after four years to pursue other opportunities.
Neptune to steer clear of Lloyds and RBS

4 Nov 2009

Neptune founder warns of size and scope of capital raisings.
Mott says market rally is set to end

4 Nov 2009

Income guru says we are set for a square root recovery.
Polar Capital chief executive resigns

3 Nov 2009

Founder Tim Woolley to step into the role.
Nemesis appoints former Lehman Brothers CEO

2 Nov 2009

Rob Sargent joins as head of asset management in the UK.
Aegon launches new investment proposition

2 Nov 2009

Provider launches new range of multi-manager funds.
Aegon AM promotes duo on fixed income range

30 Oct 2009

Buckle and McNeil to take on joint manager role on trio of funds.
IMA calls for further annual increase in Isas for pre-Budget report

30 Oct 2009

Trade body wants to improve the competitiveness of the UK fund management industry.
F&C considers acquisitions

30 Oct 2009

F&C says it would look to acquire after AUM increase of 12 per cent in Q3.
Cofunds confident on deals over fees

30 Oct 2009

Platform predicts deals will be agreed with all larger firms.
More fund mergers in line at Henderson

30 Oct 2009

Firm says it may close or merge up to 10 funds
Aberdeen adds Henderson special sits to constellation fund

29 October 2009

Aberdeen’s multi-manager team is to add the new Henderson New Star European special situations fund to its £116m constellation fund.
Argonaut says cyclicals in a sweet spot

29 October 2009

Argonaut Capital partner Barry Norris says he expects the market to rally by another 15 per cent in the next few months.
Banks get battering as FSA orders structured review

29 October 2009

Industry experts slam banks over structured product sales.
Burden of proof may weigh down emerging markets

29 October 2009

Chris Salih says a European directive on depository liability poses a threat to investment funds
China serves up Goldilocks' growth

29 October 2009

JP Morgan Asset Management believes the Chinese economy has entered a Goldilocks’ growth phase after gross domestic product grew by 8.9 per cent in the third quarter of this year.
Jupiter move for De Blonay

29 October 2009

Henderson New Star global financials fund manager Guy de Blonay has quit to join Jupiter.
New name and aims for New Star Pacific fund

29 October 2009

Henderson New Star is to change the name and investment objectives of its New Star Pacific growth fund.
Polar Cap tech added to Jupiter multi worldwide

29 October 2009

Jupiter’s multi-manager team is aiming to boost its exposure in the technology sector by introducing the Polar Capital global technology fund to its worldwide portfolio.
Guy de Blonay quits Henderson New Star for Jupiter

27 Oct 2009

Financials guru returns to Jupiter in January 2010.
Swip appoints Roger Webb to bond team

27 Oct 2009

Ex-Aviva man to be investment director, corporate bonds.
Collins Stewart launches fund of absolute return funds

27 Oct 2009

Fund to target 6 to 10 per cent per annum.
Emerging markets funds may face EU restrictions

21 Oct 2009

Directive has ‘guilty until proven innocent’ liability.
Aberdeen reports £300m inflows

Online - October 2009

Aberdeen Asset Management has announced net inflows of £300m in the last quarter.

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