Standard Life Investments has replaced the Ignis equity managers from 15 funds with its own managers.
Julio will support Harry Talbot Rice in managing the Sarasin EquiSar fund as part of his new role at the firm.
Brewin Dolphin will pay £2m to settle the contract for the discretionary IT system roll-out it abandoned earlier this year.
Firm planning retail rollout of already-launched institutional fund.
Chair Helena Morrissey calls for more women on board.
Analysts at Morgan Stanley expect Hargreaves to secure a banking licence in a bid to retain clients and capitalise on Budget reforms.
Financial adviser banned and fined by the FCA misled thousands of consumers.
The RBS group says the review into the suitability of investment advice pre-RDR is currently “ongoing.”
Ardevora partner Jeremy Lang says the UK supermarket “significantly underestimates the market’s structural evolution”.
Director of London-based advice firm promoted Ucis without adequate checks.
Japanese GDP contracted sharply during Q2 following increase in consumption tax.
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.
The firm has also reduced ongoing charges across a number of ETFs and its full range of LifeStrategy funds.
Firm accused of soliciting advisers’ clients.
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.
Deal consists of initial sum of £9.2m and a deferred £1.6m based on revenue and combined business.
BlackRock’s advisory arm will aid the ECB in designing a programme to buy asset-backed securities to ease credit conditions in the eurozone.
The Invesco Perpetual had previously been downgraded to ‘hold’ after Neil Woodford’s exit earlier this year.
IMF boss Christine Lagarde’s potentially negligent role in a Nicolas Sarkozy scandal is being formally investigated by a French court.
IMA Equity Income sector continued to be most popular sector with £1bn in net retail sales.
Electra will still hold a minority interest in Premier Asset Management.
Three directors banned for unsuitable recommendations worth £2m and unauthorised transfers.
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.
Capita will take over management, administration and fund accounting for the Prudential Oeics toward the start of November.
Railpen investments, which manages £20bn for 350,000 scheme members, pays around £70bn annually in fees disclosed by fund groups.
Henderson says assets under management are insufficient to make fund commercially viable.
Skandia says the move has been made on the back of investor feedback and is in the best interests of clients.
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 Fund Managers has appointed Zoë Shaw, formerly of Promethion, head of fixed income.
The price of gold has already fallen significantly this year.
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.
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.
Plans would see fund merged into Open World fund.
The wealth manager has launched two funds, renamed two funds and merged three others to create a more cohesive offering.
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.
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.
Shamik Dhar is to become chief economist at the Foreign Office.
Bruno Schroder and Angus Tulloch are amongst senior industry figures to make personal donations to either side of the campaign around Scottish independence.
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.
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.