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SLI cuts Ignis equity managers

1 September 2014 1:33 pm | By Michael Berry

Standard Life Investments has replaced the Ignis equity managers from 15 funds with its own managers.


Sarasin & Partners hires Ignis' Julio for global equities team

1 September 2014 1:03 pm | By Pamela Morris

Julio will support Harry Talbot Rice in managing the Sarasin EquiSar fund as part of his new role at the firm.


Brewin settles abandoned tech deal for £2m

1 September 2014 9:53 am | By Michael Berry

Brewin Dolphin will pay £2m to settle the contract for the discretionary IT system roll-out it abandoned earlier this year.


Architas unveils Diversified Multi Asset fund for Rock

1 September 2014 9:16 am | By Jon Yarker

Firm planning retail rollout of already-launched institutional fund.


IMA board set for shake-up

1 September 2014 8:47 am | By Michael Glenister

Chair Helena Morrissey calls for more women on board.

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Hargreaves Lansdown 'set to apply for banking licence'

1 September 2014 8:45 am | By Natalie Holt

Analysts at Morgan Stanley expect Hargreaves to secure a banking licence in a bid to retain clients and capitalise on Budget reforms.


Behind the scenes at latest rogue Ucis advice firm

29 August 2014 1:21 pm | By Tessa Norman

Financial adviser banned and fined by the FCA misled thousands of consumers. 

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Coutts sets aside £110m for advice review

29 August 2014 1:15 pm | By Pamela Morris

The RBS group says the review into the suitability of investment advice pre-RDR is currently “ongoing.”

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Ardevora’s Lang: The fundamental problem with Tesco

29 August 2014 10:49 am | By Pamela Morris

Ardevora partner Jeremy Lang says the UK supermarket “significantly underestimates the market’s structural evolution”.


FCA bans and fines adviser £350k for Ucis failings

29 August 2014 9:55 am | By Tessa Norman

Director of London-based advice firm promoted Ucis without adequate checks. 

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Japan economy shows signs of stagnation

29 August 2014 8:48 am | By Pamela Morris

Japanese GDP contracted sharply during Q2 following increase in consumption tax.


Will the S&P 500 march on?

29 August 2014 8:09 am | By Michael Berry

The S&P 500 is hovering just below the 2,000 all-time high it struck earlier this week, but by no means is it overvalued, experts argue.


Vanguard slashes trackers fees by as much as 50%

28 August 2014 11:04 am | By Pamela Morris

The firm has also reduced ongoing charges across a number of ETFs and its full range of LifeStrategy funds.


Reyker saga continues with direct calls to advised clients

28 August 2014 9:52 am | By Tessa Norman

Firm accused of soliciting advisers’ clients. 


200 businesses sign Scottish 'Yes' vote letter

28 August 2014 8:48 am | By Pamela Morris in Edinburgh

The letter comes after business leaders who support staying in the UK wrote their own letter stating that Scottish independence would be bad for business.

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James Hay parent sells Irish advice arm for £10.8m

28 August 2014 8:42 am | By Sam Macdonald

Deal consists of initial sum of £9.2m and a deferred £1.6m based on revenue and combined business.


ECB appoints BlackRock to advise on bond-buying

28 August 2014 8:28 am | By Sam Macdonald

BlackRock’s advisory arm will aid the ECB in designing a programme to buy asset-backed securities to ease credit conditions in the eurozone.


FE Select 100 upgrades Barnett’s Invesco Income fund

27 August 2014 12:07 pm | By Pamela Morris

The Invesco Perpetual had previously been downgraded to ‘hold’ after Neil Woodford’s exit earlier this year.

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Lagarde probed over 'negligent' role in Sarkozy scandal

27 August 2014 12:05 pm | By Michael Berry

IMF boss Christine Lagarde’s potentially negligent role in a Nicolas Sarkozy scandal is being formally investigated by a French court.


July is record month for tracker sales as Woodford boosts UK equity income

27 August 2014 10:01 am | By Jon Yarker

IMA Equity Income sector continued to be most popular sector with £1bn in net retail sales.

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Elcot Capital acquires up to 50% Premier stake

27 August 2014 8:22 am | By Pamela Morris

Electra will still hold a minority interest in Premier Asset Management.


Three directors of Ucis advice firm disqualified

26 August 2014 4:49 pm | By Tessa Norman

Three directors banned for unsuitable recommendations worth £2m and unauthorised transfers. 

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Polar Capital hires Rushton to spearhead UK absolute return venture

26 August 2014 12:57 pm | By Pamela Morris

The firm plans to launch its first product in the UK alternative space by the end of September with former L&G IM fund manager Guy Rushton.


Prudential switches ACD on funds to Capita

26 August 2014 10:38 am | By Pamela Morris

Capita will take over management, administration and fund accounting for the Prudential Oeics toward the start of November.

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Headline fund fees only make up 'one fifth' of full charges

26 August 2014 8:53 am | By Sam Macdonald

Railpen investments, which manages £20bn for 350,000 scheme members, pays around £70bn annually in fees disclosed by fund groups.

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Henderson and Bellpenny to end £27m fund deal

22 August 2014 3:38 pm | By Tessa Norman

Henderson says assets under management are insufficient to make fund commercially viable. 


Skandia to shut Invesco funds and switch £640m to Woodford

22 August 2014 1:47 pm | By Sam Macdonald

Skandia says the move has been made on the back of investor feedback and is in the best interests of clients.

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Brazilian election takes 'new turn' after death of Campos

22 August 2014 12:20 pm | By Michael Berry

The death of socialist presidential candidate Eduardo Campos in a plane crash last week has catalysed the Brazilian race, with the emergence of a pragmatic new runner for the left-wing party.


Hermes creates head of fixed income role

22 August 2014 11:42 am | By Michael Berry

Hermes Fund Managers has appointed Zoë Shaw, formerly of Promethion, head of fixed income.


Investec’s Winship: The 3 reasons why gold price will come back this year

22 August 2014 10:30 am | By Jon Yarker

The price of gold has already fallen significantly this year. 


Premier to step back from ACD services

22 August 2014 9:08 am | By Michael Berry

Margetts Fund Management will take over the authorised corporate directorship of US-based fund house Sentinel’s Oeic ini September after Premier Asset Management decided to focus on running money. 


Bank of America fined record $16.65bn for GFC mortgage fraud

21 August 2014 3:35 pm | By Michael Berry

US authorities hit Bank of America with an almost $17bn raft of fines for selling junk mortgage-backed securities, collateralised debt obligations and fraud in its mortgage activities leading up to the global financial crisis.


Fidelity proposing International fund merger

21 August 2014 12:20 pm | By Jon Yarker

Plans would see fund merged into Open World fund.


Brown Shipley makes raft of changes in multi-manager overhaul

21 August 2014 10:14 am | By Michael Berry

The wealth manager has launched two funds, renamed two funds and merged three others to create a more cohesive offering.


Phoenix Group posts £266m profit and writes off £40m due to charge cap

21 August 2014 9:59 am | By Michael Berry

Phoenix Group’s profits soared to £266m in the first half of 2014, while the sale of Ignis brought in an extra £390m after the period.


F&C Real Estate fund enters IMA Property sector in retail push

20 August 2014 3:49 pm | By Adam Lewis

Open-ended version of Phayre Mudge’s £1bn TR Property Trust has not been marketed to retail investors in the past so did not sit in the IMA sector. 


Aviva Investors multi-asset research head quits to join Foreign Office

20 August 2014 12:22 pm | By Jon Yarker

Shamik Dhar is to become chief economist at the Foreign Office. 


Big bank and asset management names donate to Scottish referendum campaigns

20 August 2014 10:12 am | By Pamela Morris

Bruno Schroder and Angus Tulloch are amongst senior industry figures to make personal donations to either side of the campaign around Scottish independence.


MPC split over rate rise

20 August 2014 10:10 am | By Michael Berry

Two members of the Bank of England monetary policy committee broke ranks and voted for an interest rate hike, minutes from this month’s meeting show.


StanChart given high-risk client ban in $300m settlement

20 August 2014 9:00 am | By Michael Berry

Standard Chartered has been banned from dealing in US dollars with some clients following its $300m settlement with US regulators for poor action on money laundering.

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