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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.

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How do advisers sort the good risk-profiling tools from the bad?

24 October 2014 8:30 am | By Tessa Norman

Advisers must understand the limitations of risk-profiling tools to avoid compliance risks.

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S&P: eurozone crisis set to continue

23 October 2014 1:44 pm | By Sam Macdonald

The eurozone crisis will continue for some time despite the worst being over, according to the latest report from Standard & Poor’s.


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.


Tesco chairman to exit as profits sink 92%

23 October 2014 8:44 am | By Michael Berry

Tesco’s half-year profits have plummeted 92 per cent while its accounting black hole grew to £263m.


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.


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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JPM's Berens: Most fund groups not ready for pensions reforms

21 October 2014 4:11 pm | By Beth Brearley

JPMorgan Asset Management’s Jasper Berens says the industry is not currently well positioned to deal with the implications of the pension reform.


FinaMetrica launches stripped down risk test for smaller investors

21 October 2014 2:27 pm | By Michael Berry

FinaMetrica has launched a risk-profiling system aimed at helping advisers cater for smaller investors.

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AIC: Investment trusts outstrip inflation and double capital over 20 years

21 October 2014 10:33 am | By Michael Berry

A £100,000 investment into an average UK Equity Income investment trust 20 years ago would have more than doubled in value.


Brooks Macdonald builds discretionary AUM to £6.68bn

21 October 2014 8:45 am | By Michael Berry

Brooks Macdonald’s discretionary assets under management grew by almost 2 per cent in the three months ended 30 September to £6.68bn.

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.


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.


Montreux healthcare fund buys £124m care home business

20 October 2014 2:01 pm | By Beth Brearley

The Montreux healthcare fund, which launched last month, has purchased learning disability care homes business The Regard Partnership for £124m with backing from Macquarie Lending.

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Former L&G bond star Hodges to join Nomura AM

17 October 2014 12:50 pm | By Pamela Morris

A spokesperson for Nomura has confirmed that Dickie Hodges will join the firm in November of this year.


Old Mutual Wealth to acquire Quilter Cheviot for £585m

17 October 2014 8:56 am | By Pamela Morris

Quilter Cheviot is set to become the discretionary fund management business within Old Mutual Wealth

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First Direct to pay redress for misselling complex products

16 October 2014 8:38 am | By Natalie Holt

Bank sold complex products such as exchange-traded commodities through its self-serve platform without appropriate checks.

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Rathbones AUM and revenues boosted by Jupiter deal

16 October 2014 8:32 am | By Pamela Morris

Funds under management at Jupiter increased by 10 per cent in the third quarter while net revenues jumped 13.4 per cent.


Bestinvest founder returns with wealth management deal

16 October 2014 | By Natalie Holt

John Spiers has acquired the £500m wealth management business of Truestone Asset Management for an undisclosed sum


BlackRock profits soar 26% as inflows hit $28.7bn in Q3

15 October 2014 2:38 pm | By Pamela Morris

The firm’s retail business posted $4.9bn (£3.1bn) inflows for the quarter while iShares recorded $18.2bn (£11.4bn) worth of inflows.


Richard Pease exits Henderson for new start-up venture

15 October 2014 11:04 am | By Sam Macdonald

Henderson Global Investors head of European equities Richard Pease is leaving the firm for new start up boutique Crux Asset Management and taking his £1.1bn European Special Situations fund with him.


State Street launches passive global convertibles ETF for Europe

15 October 2014 11:00 am | By Michael Berry

State Street Global Advisers has launched the first global passive convertible bond ETF on the German Borse.


Aldermore scraps IPO plans following equities slump

15 October 2014 10:44 am | By Devraj Ray

Challenger bank had been due to launch its shares on the London Stock Exchange this month.


Record drop takes unemployment to 6% as pay remains depressed

15 October 2014 10:18 am | By Michael Berry

Unemployment has fallen to 6 per cent, the lowest rate since Lehman Brothers went bust six years ago, according to Office for National Statistics figures.


Schroders to re-open Marriage's Dynamic Smaller Co's fund

15 October 2014 9:05 am | By Sam Macdonald

 The latest data shows assets in the fund dropped to £740.3m at the end of September this year.


FCA warns consumers on investment fraud

15 October 2014 8:43 am | By Natalie Holt

Regulator has launched national campaign to boost consumer awareness of investment scams.

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China inflation drops to 1.6% in September

15 October 2014 8:34 am | By Pamela Morris

Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.


M&G's Woolnough: Europe's third way

14 October 2014 3:39 pm | By Michael Berry

The falling euro should give the trading bloc the boost it has lacked from its central bank and member governments, M&G’s Richard Woolnough says.


LGIM appoints BlackRock overseas sales MD

14 October 2014 3:32 pm | By Sam Macdonald

Honor Solomon appointed as head of retail distribution for Europe and the Middle East.


Merlin portfolio boosts Woodford exposure to £800m

14 October 2014 3:24 pm | By Pamela Morris

The Merlin also continues to invest in Woodford’s successor at Invesco Perpetual, Mark Barnett, through his flagship UK Strategic Income fund.


BofA: Investors ditch equities amidst global recovery worries

14 October 2014 1:30 pm | By Pamela Morris

Exposure to equities has fallen 14 per cent in September following concerns over the end of QE on the global economy.


JP Morgan Chase Q3 profits hit $5.6bn

14 October 2014 12:48 pm | By Pamela Morris

AUM at JP Morgan Asset Management also rose to $1.7 trillion (£1.06 trillion).


OMGI hires ex-Ignis fixed income team

14 October 2014 11:27 am | By Sam Macdonald

Old Mutual Global investors has hired ex-Ignis fixed income team led by newly-appointed head of fixed income - absolute return Russ Oxley.

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Stephanie Flanders 700 x 450

JPM's Flanders: Four investment considerations for the year ahead

14 October 2014 9:49 am | By Michael Berry

Risk is still rewarding investors, but diversification is more important than ever for investors, JP Morgan AM’s Stephanie Flanders says.


UK inflation falls to 1.2% in September

14 October 2014 9:41 am | By Sam Macdonald

The ONS says the fall in the Consumer Prices Index was driven by dips in transport costs and a range of recreational goods prices.

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Hargreaves warns low interest rates and deposit restrictions hit margins

14 October 2014 8:49 am | By Sam Macdonald

Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.


Redemptions push Ashmore AUM down 4.9% to $71.3bn

14 October 2014 8:34 am | By Pamela Morris

The group saw net outflows of $300m over the three months from July to September.


Fidelity chief exec Ned Johnson hands his role to daughter

14 October 2014 8:31 am | By Samuel Dale

Abigail Johnson has taken over leadership of the company from her father.


China exports unexpectedly jump in September

13 October 2014 4:09 pm | By Pamela Morris

Exports increased by 15.3 per cent compared to the same month a year previous.


Inaugural EIS report sheds light on advisers' alternatives

13 October 2014 3:25 pm | By Michael Berry

The Intelligent Partnership has published its first industry-wide report on EIS investments in an attempt to make investments more accessible to advisers.

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