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Schroder UK Growth trust appoints Julie Dean's successor

30 October 2014 3:21 pm | By Sam Macdonald

Philip Matthews has managed the £1.5bn Schroder UK Alpha Plus fund since Richard Buxton’s departure for Old Mutual in October 2013.


TSC still has 'concerns' over FCA overcharging advice fee block

30 October 2014 11:45 am | By Samuel Dale

FCA chairman John Griffith-Jones says there will always be “winners and losers” to fee changes.

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Isa boom pushes SJP to record funds under management

30 October 2014 9:10 am | By Sam Brodbeck

Funds under management at St James’s Place Wealth Management hit a record high at £49.1bn in Q3.

Comments (1)


Nucleus appoints CFO from Adam & Co

30 October 2014 9:07 am | By Sam Macdonald

Doug Heron takes up the role of CFO in January and will be responsible for overseeing finance, risk and compliance at the platform provider.


Labour raises pressure on Govt over £2bn pensions tax leakage

29 October 2014 3:58 pm | By Sam Brodbeck

MPs ‘profoundly worried’ about potential missing £2bn from Treasury coffers.

Comments (4)


On-line Partnership rebrands as IN Partnership

29 October 2014 11:23 am | By Sam Brodbeck

Rebrand follows On-line Partnership Group Limited’s 2013 acquisition by Russell Investments.


Schroders global specialist Giles Money quits

29 October 2014 10:19 am | By Sam Macdonald

Money was in charge of the Global Climate Change strategy and the Schroders Global Resources funds and has been with the firm since August 2010.


Standard Life boosted by Ignis acquisition but annuity sales hammered

29 October 2014 9:36 am | By Sam Brodbeck

Assets under management and fee revenue pushed higher by purchase of asset manager.

Dean Julie Cazenove

Julie Dean to join Sanditon Asset Management

29 October 2014 9:36 am | By Sam Macdonald

Ex-Schroders UK Opportunities fund manager Julie Dean is joining former Cazenove colleagues Tim Russell and Chris Rice at Sanditon Asset Management


Alliance Trust axes five equities jobs as it seeks £2m savings

29 October 2014 8:43 am | By Sam Macdonald

Alliance Trust Investments increased assets under management by 3 per cent to £2.26bn in the third quarter of 2014 up from £2.2bn in the second quarter.


Fidelity Worldwide Investment replaces marketing boss in restructuring

28 October 2014 4:10 pm | By Michael Berry

Fidelity Worldwide Investment UK marketing head Rob Fisher has left the firm after almost 14 years’ service.


Cru founder Jon Maguire to launch UK residential property fund

28 October 2014 8:55 am | By Sam Macdonald

Cru founder Jon Maguire is to launch a residential property fund through his new venture, Swayagain.

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Psigma appoints investment director

28 October 2014 8:25 am | By Sam Macdonald

Toby Jameson-Till joins from C. Hoare & Co.


Ex-PosSol adviser ordered to repay £55k

27 October 2014 12:31 pm | By Devraj Ray

Angela Lauder was jailed for 16 months in November 2013 after she stole £158,666 from clients.

Comments (1)


Cru founder Jon Maguire launches new firm with ex-A2O chief

27 October 2014 9:53 am | By Sam Macdonald

Swayagain is promoted as a firm which provides services such as raising capital, business development and marketing.

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Fund groups evading FCA dealing commission/corporate access rules

27 October 2014 8:31 am | By Sam Macdonald

FCA rules which came into force in June have banned the use of dealing commission money to gain face time with company management.


FCA drops Partnership inducements investigation

27 October 2014 8:00 am | By Natalie Holt

No further action will be taken against Partnership following the regulator’s review into distribution deals between providers and advice firms.

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Cameron: UK will not pay 'unacceptable' £1.7bn EU bill

24 October 2014 3:21 pm | By Sam Macdonald

Prime Minister David Cameron has insisted the UK will not pay the £1.7bn demanded by the European Union by next month.

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SLI to close Ignis China fund

24 October 2014 8:58 am | By Sam Macdonald

The Sicav is managed by Magdalene Miller and has a four star FE rating.

Kellard Mike Axa Wealth 2014

Axa Wealth assets hit £27bn as platform AUA jumps 28%

24 October 2014 8:47 am | By Michael Berry

Axa Wealth grew its assets under management by 10 per cent to £27bn in the year to 30 September.


Morningstar: Investment trust monthly reports increase four-fold

23 October 2014 4:24 pm | By Sam Macdonald

The number of investment trusts reporting portfolio holdings on a monthly basis has more than quadrupled to 122 over the last two years.


Should the MAS be scrapped? Jackie Spencer and Martin Bamford go head-to-head

23 October 2014 1:37 pm

This week’s Money Marketing cover story focuses on the future of the Money Advice Service.

Comments (12)


Old Mutual Property fund to merge into Henderson UK Property

23 October 2014 10:38 am | By Sam Macdonald

Old Mutual is looking to merge its £437m Old Mutual Property fund into the £2.25bn Henderson UK Property fund.


FCA seeks to ban and fine adviser £290k for 'lack of integrity'

23 October 2014 10:19 am | By Samuel Dale

Paul Reynolds is accused of not being a fit and proper person to be a regulated adviser.

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Fading away: Is the MAS being erased from Treasury thinking?

23 October 2014 8:30 am | By Samuel Dale

Now the Treasury has excluded the Money Advice Service from its pensions guidance plans, is there any point in the quango carrying on?

Comments (14)

Andrew Tyrie

TSC presses Govt to abolish approved persons regime for advisers

23 October 2014 8:00 am | By Samuel Dale

The FCA says it would have preferred to extend the scheme to all regulated firms.

Comments (1)


Apfa reports 75% fall in annual surplus to £29k

22 October 2014 5:03 pm | By Tessa Norman

Trade body says it is pleased with financial performance in a ‘challenging climate’. 

Comments (6)


ASA acts against IFA leads firm over unwanted texts

22 October 2014 12:30 pm | By Samuel Dale

Lead generation firm TAB Finance has been asked to stop communications 19 times this year.

Comments (2)


Premier hires ex-Barclays Wealth director and opens South West office

22 October 2014 12:20 pm | By Sam Macdonald

Premier has hired ex-Barclays Wealth director Paul Freeman and his former team of six wealth managers to launch a South West office.


FSCS pays out £21m for failed network Alpha 2 Omega

22 October 2014 10:33 am | By Tessa Norman

Network was placed into administration in 2010 after regulatory action. 


Police investigate advice firm over investment fraud

22 October 2014 8:48 am | By Devraj Ray

Aberdeen-based Midas Financial Solutions is being investigated for offering unregulated short-term investments.

Comments (4)

West Africa

OMGI to launch Pan African fund

21 October 2014 8:29 am | By Adam Lewis

Hywel George, the director of investments, at the Old Mutual Investment Group, says it is the first time the group has launched an African fund to a global audience.


TSC chair Andrew Tyrie demands answers over BoE technical glitch

20 October 2014 5:19 pm | By Samuel Dale

The Bank of England shut down its system to transfer funds between banks in real time earlier today.

Comments (1)


FTSE 250 dividend growth outpaces FTSE 100 in 'stagnant' Q3

20 October 2014 3:48 pm | By Sam Macdonald

Payouts were up just 0.2 per cent year on year whilst underlying dividends declined by 2.9 per cent.


Life expectancy 'useless' for financial planning, advisers warned

20 October 2014 9:30 am | By Tessa Norman

Advisers must effectively manage risk of clients outliving average life expectancy. 

Comments (17)


Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.


Jobs at risk at Gallagher Employee Benefits after Oval deal

17 October 2014 12:35 pm | By Tessa Norman

Gallagher is centralising operations following its £199m acquisition of Oval in April.

Comments (2)


PosSol ordered to repay commissions for lack of ongoing service

17 October 2014 9:30 am | By Samuel Dale

In August HSBC had to repay trail commission in full for not providing an ongoing service.

Comments (16)

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Exit blocked? Providers shun 'insistent' DB transfers amid regulatory fears

17 October 2014 8:30 am | By Sam Brodbeck

Some people will find their paths to George Osborne’s pension freedoms blocked by providers unwilling to take on DB transfers.

Comments (2)


HSBC reviews trail commission payments after FOS ruling

16 October 2014 4:08 pm | By Samuel Dale

The Financial Ombudsman Service ordered the bank to repay trail commission to a client.

Comments (1)

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