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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.

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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)

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

Comments (3)

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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.

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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.

Comments (7)

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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.

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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.

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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.

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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)

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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.

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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.

Comments (12)

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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?

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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)

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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)

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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)

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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.

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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. 

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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.

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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.

BoE

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)

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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.

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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. 

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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.

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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)

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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.

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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)

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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.

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