State Street says the cuts have an average drop of 20 per cent.
The firm has been hit by £18.8m worth of “remediation costs” following a legal letter scandal.
Axa Wealth has restructured its management team in a post-budget move which sees specialist Sipp and onshore division head Nick Elphick depart the firm.
There are currently 18 UK-domiciled tracker funds under the BlackRock Collective Investment Funds umbrella.
Net retail sales fell to the lowest level since the start of 2013 while institutional funds posted outflows of £449m in August.
Redemptions at Aberdeen Asset Management dropped significantly from £8.8bn to £1.7bn in the two months to the end of August.
The move by HSBC marks the biggest DC pension plan shift ever seen in the UK.
Support services provider Threesixty Services has posted a £195,000 pre-tax profit for the year ending 31 December 2013, a rise of 2 per cent from £192,000 in 2012.
The recent comments made by Sue Lewis and Caroline Rookes of the Money Advice Service will only hurt consumer interests.
The firms that shone for Holly Mackay at the Finovate technology showcase in New York.
Neil Woodford is still relatively new to the world of lower charges.
Attitude to risk questionnaires do not help clients understand the consequences of a loss.
One of the things I find about Money Marketing is no matter how assiduously you read it, little gems slip through the net.
The isolating world of the robot will take what we do not want but give back to us people pleading to deal with us.
In the coming years, we are likely to see the debate about the UK’s place in the European Union intensify.
Weekly Adviser View
For some advisers, auto-enrolment is a double-edged sword.
My golden rule is that I deal only with clients I like.
Three hours I have spent wrestling with Gabriel, bringer of despair, who demands pointless information just to keep someone in Canary Wharf in a job.
True Bearing Chartered chairman George Citchley talks about filling the advice gap and outsourcing through discretionary fund management.
Most recent comments
Trade Body View
I applaud the Government’s ultimate policy aim, but in terms of achieving their objective, the latest report looks like shooting themselves in the foot.
Which share class should be used as the primary share class to calculate performance data in a post-RDR environment?