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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.

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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.

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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.

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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.

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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.

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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”.

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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.

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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.

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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.

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Reyker saga continues with direct calls to advised clients

28 August 2014 9:52 am | By Tessa Norman

Firm accused of soliciting advisers’ clients. 

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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.

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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.

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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.

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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.

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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. 

Comments (8)

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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.

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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. 

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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.

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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.

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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. 

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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. 

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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.

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Fidelity proposing International fund merger

21 August 2014 12:20 pm | By Jon Yarker

Plans would see fund merged into Open World fund.

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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.

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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.

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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. 

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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. 

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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.

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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.

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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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