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Octopus launches £50m offer for Titan VCTs

17 September 2014 3:48 pm | By Michael Berry

Octopus Investments has gone to the market with £50m of shares in its Titan VCT range.


Aviva Investors further expands multi-asset team

17 September 2014 3:14 pm | By Michael Berry

Aviva Investors has added three more people to its multi-asset team, after several recent hires at its newly formed multi-strategy absolute return range.


Brooks Macdonald FUM jumps 28% to £6.5bn

17 September 2014 2:54 pm | By Pamela Morris

The group’s annual report shows FUM rose to £6.55bn from £5.11bn a year previous, with over £1bn driven by organic growth.


Axa Wealth to launch new restricted fund range

17 September 2014 12:51 pm | By Sam Macdonald

Axa will launch a three-part investment offering made up of the Architas risk-rated multi-asset proposition.


Aegon launches multi-asset fund targeting Budget reforms

17 September 2014 11:31 am | By Michael Berry

Aegon has launched a new multi-asset income fund aimed at the post-pensions shake up retirement market.


'Dovish' MPC targets inflation as Eurozone fears grow

17 September 2014 10:39 am | By Michael Berry

The two hawks on the Bank of England’s monetary policy committee have not managed to convince any other members to support a rate hike, minutes show.


OMGI hires BlackRock's Crabb to lead new Asian equities team

17 September 2014 9:21 am | By Pamela Morris

The new Asian Equities team will run the Dublin-domiciled $270m Old Mutual Pacific Equity and the $40m Old Mutual Asian Equity funds


Sense promotes Steve Young to chairman

16 September 2014 2:57 pm | By Michael Berry

Sense Network has appointed commercial director Steve Young chairman of the company.

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Vestra investment manager Jim Mackie quits for Brooks Macdonald

16 September 2014 11:59 am | By Sam Macdonald

Mackie has been with Vestra since June 2008.


Polar Capital appoints ex-Threadneedle manager Davis for European income strategy

16 September 2014 11:58 am | By Michael Berry

Polar Capital has hired Nick Davis, formerly of Threadneedle Investments, to build a European income team.


Architas cuts charges on multi-asset passive range

16 September 2014 10:41 am | By Sam Macdonald

Architas cuts ongoing charge on multi-asset passive range and up front charge on its 0 per cent AMC share class.


US insurer opens UK asset management distribution office

16 September 2014 9:39 am | By Sam Brodbeck

TIAA-CREF opens asset management office in London.


OECD: Weak eurozone holding back global recovery

16 September 2014 8:57 am | By Sam Macdonald

OECD has downgraded its forecast for most large economies.


SYZ hires ex-Franklin Templeton duo as equities head quits

16 September 2014 8:42 am | By Pamela Morris

Michael Clements will take on the role of head of European equities at SYZ and Claire Manson will run a European mid and small cap fund.


Woodford says Scottish debate will impact UK even if 'No' prevails

15 September 2014 3:39 pm | By Pamela Morris in Edinburgh

The star manager warns that Devo Max powers for Scotland could mark the beginning of the “fragmentation of governance” within the UK.

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Kleinwort Benson launches tailored DFM service for IFAs

15 September 2014 1:41 pm | By Michael Berry

Private bank and wealth manager Kleinwort Benson has unveiled a bespoke discretionary fund management service for IFAs.

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SLI recruits ex-Skandia WealthSelect head James Millard

15 September 2014 12:06 pm | By Sam Macdonald

Millard joins as investment director on its MyFolio fund solutions team.


Octopus hires Elevate's Shaun Sandiford in IHT platform push

15 September 2014 10:17 am | By Sam Macdonald

News comes as Octopus signs an agreement with Novia to offer Octopus Inheritance Tax Service on the platform.

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AllianceBernstein launches 'lifetime' pension strategy

15 September 2014 10:15 am | By Sam Brodbeck

Default journey merges accumulation and decumulation products.


Investec offloads Irish mortgage business

15 September 2014 8:39 am | By Sam Macdonald

Investec is to sell its Irish intermediated mortgage business Start along with other Irish mortgages assets to an affiliate of private equity firm Lone Star Funds.


HMRC permanently reinstates Oxford Tech VCT status

12 September 2014 4:05 pm | By Sam Macdonald

HM Revenue & Customs has permanently reinstated venture capital trust status to the Oxford Technology VCT and the Oxford Technology 3 VCT.


Aviva outsources absolute return fund management as duo move to US fund house

12 September 2014 11:39 am | By Michael Berry

Aviva Investors has outsourced management of its convertibles absolute return fund to a US firm, with the two fund managers moving with it.


Alternative investment distributor numbers plummet

12 September 2014 11:00 am | By Michael Berry

The number of alternative investment distributors has been slashed to 200, down from 500 two years ago


IMF weighs in with Scotland Yes vote concerns

12 September 2014 8:59 am | By Michael Berry

The Washington-based fund says it does not want to comment on the political process underway, but it believes a yes vote would cause uncertainty for the UK market.

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Schroder UK Growth board to review management after Dean exit

11 September 2014 6:17 pm | By Pamela Morris

Although happy for the business cycle investment team at Schroders to continue managing the trust “for the immediate future” the board is set to speak to a “limited number of potential managers” in the next few weeks.

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Winterflood: Independence could create buying opportunity for Scottish trusts

11 September 2014 2:55 pm | By Pamela Morris

Independence could lead to some investors ceasing active investment in Scottish-based trusts but this could cause discounts to widen and create a buying opportunity too.


Engage Mutual and Family Investments set for £6bn merger

11 September 2014 1:49 pm | By Sam Brodbeck

New group would have over two million customers.

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Martin Gilbert: 'An independent Scotland would be a big success'

11 September 2014 11:08 am | By Pamela Morris in Edinburgh

The chief executive of Aberdeen Asset Management said he would not reveal his vote in the Scottish referendum on 18 September.

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FCA's Wheatley: UK has a dozen 'dark pools'

11 September 2014 9:59 am | By Michael Berry

Most of the largest UK banks operate at least one trading darkpool, with 12 of the intra-business trading systems regulated by the FCA.

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Hermes' Lundie: Regulators allow bond funds to outgrow the market

11 September 2014 9:07 am | By Michael Berry

Massive funds have already started to underperform because of the difficulties in managing a portfolio of hundreds of different, small bonds, Hermes’ Fraser Lundie says.


Independence could alter course of BoE policy, warn experts

10 September 2014 10:54 am | By Pamela Morris in Edinburgh

Experts say the central bank may take “a more stimulus stance” on monetary policy while an interest rate rise could also be pushed back.


Barnett Waddingham acquires Chase de Vere Sipp and SSAS arm

10 September 2014 9:18 am | By Sam Macdonald

Firm increases its Sipp portfolio to around 2,975 schemes equalling around £1bn assets under administration.


Liontrust non-exec director Hirsch to retire after 15 years

10 September 2014 8:52 am | By Pamela Morris

Hirsch, who is chief executive of property investment company Raven Russia, joined the Liontrust board in 1999.


Fidelity's European Value manager Madden departs

9 September 2014 12:33 pm | By Pamela Morris

Panos Theofilopoulos is set to takeover from Neil Madden who has been with Fidelity for 12 years.


IMA: Overseas firms make up 55% total UK assets

9 September 2014 12:13 pm | By Sam Macdonald

Firms with overseas headquarters has risen by 12 per cent from 43 per cent over the last 10 years.


Quindell claims libel victory against short-seller

9 September 2014 11:52 am | By Pamela Morris

Quindell took legal action against Gotham City Research after it “defamatory” claims about Quindell in a research note.

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Sterling weakens further on Scottish Yes vote prospects

9 September 2014 8:56 am | By Michael Berry

Fears of a win for Scottish independence continues to hit sterling.


Calastone takes on BNY transfer head

9 September 2014 8:32 am | By Sam Macdonald

Fund re-registration firm Calastone has appointed BNY Mellon head of transfer agency for EMEA and Asia Pacific Jon Willis as chief commercial officer.


IFA firm Argyle appoints Standard Life's Webster as head of pensions

8 September 2014 11:35 am | By Pamela Morris

David Webster was previously workplace strategy business partner and head of commercial marketing at Standard Life.


Poll sparks slide on Scottish bank and fund group shares

8 September 2014 11:11 am | By Pamela Morris

Shares in some of Scotland’s leading financial institutions including Standard Life and RBS have fallen by as much as 3 per cent.

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