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Institutional platforms seek exemptions from FCA rules

24 April 2014 | By Sam Macdonald

Firms think they fall outside of platform definitions and can therefore retain fund manager payments.

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D2C platform Selftrade reviews client data in money laundering checks

24 April 2014 | By Sam Macdonald

Clients were told to fill out financial details to “reconfirm and refresh their proof of identity”.

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Richard Hodges quits L&G

24 April 2014 | By Sam Macdonald

Hodges manages the £2bn L&G Dynamic Bond trust.

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European Wealth completes £7m reverse takeover

24 April 2014 | By Sam Macdonald

EW completes a reverse takeover of Aim-listed advice and wealth management firm European Wealth Management Group.

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Schroders closes two funds that are 'unlikely to grow'

23 April 2014 12:03 pm | By Jon Yarker

Schroder ISF Brazilian Equity fund and Schroder ISF Global Resources Equity fund closed due to size concerns. 

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'A real blow to L&G': Richard Hodges quits

22 April 2014 2:18 pm | By Sam Macdonald

Hodges manages the £2bn L&G Dynamic Bond trust.

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Franklin Templeton's Brent Smith departs

22 April 2014 12:52 pm | By Gary Jackson

The managing director for funds management and research at Franklin Templeton Solutions has left the asset management house after 18 years with the company.

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Where are the opportunities in HY bonds?

17 April 2014 10:28 am | By Pamela Morris

High yield managers are split on whether to stick to the “stable” US market or opt for “wildcard” emerging markets, while some point to sweet spots in European hybrids and B-rated bonds.

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Brooks Macdonald increases assets by £244m

17 April 2014 8:55 am | By Michael Berry

Performance added about £30m to the pot, while inflows comprised roughly £215m, the AIM-listed wealth manager says.

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European Wealth completes £7m reverse takeover

17 April 2014 8:53 am | By Sam Macdonald

EW completes a reverse takeover of Aim-listed advice and wealth management firm European Wealth Management Group

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Barclays tops FCA complaints data as Hargreaves complaints jump 500%

17 April 2014 | By Gary Jackson, Tessa Norman

Hargreaves says jump in complaints is down to issues around the Royal Mail share sale.

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ABI investment arm merger with IMA to create new body

17 April 2014 | By Jon Yarker

New body to be headed up by IMA chief executive Daniel Godfrey.

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Old Mutual could buy out Henderson in Intrinsic joint venture

17 April 2014 | By Michael Glenister

Investment arm is a 50/50 owned joint venture between Henderson and Intrinsic

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FSCS investment adviser levy set at £112m for 2014/15

17 April 2014 | By Michael Glenister

Advisers to pay £112m for 2014/15.

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Eurozone inflation falls to lowest level over 4 years

16 April 2014 1:49 pm | By Pamela Morris

Annual inflation fell to 0.5 per cent during March compared with 0.7 per cent for the previous month.

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D2C platform Selftrade reviews client data in money laundering checks

16 April 2014 12:37 pm | By Sam Macdonald

A letter sent this week requested clients to fill out financial details to “reconfirm and refresh their proof of identity”.

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WMA queries FSCS levy as Catalyst failure costs firms £47m

16 April 2014 9:35 am | By Pamela Morris

The Wealth Management Association has called for the FCA to consider whether promoters should also be required to pay toward its FSCS levy.

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Jupiter to launch US small and mid cap fund for Siddles

15 April 2014 1:50 pm | By Sam Macdonald

The launch of the fund is subject to FCA approval.

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Fraudster jailed for part in £4m boiler room scam

15 April 2014 11:12 am | By Sam Macdonald

John Laurence Curtin was sentenced at Westminster Magistrates Court yesterday.

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Aviva Investors appoints Friends Life CIO

15 April 2014 10:34 am | By Sam Macdonald

Mark Versey will report into Aviva Investors chief executive Euan Munro.

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SLI European small-cap manager Ken Nicholson quits

15 April 2014 10:07 am | By Michael Berry

European Smaller Companies Sicav manager Ken Nicholson has resigned from the firm.

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Barclays replaces remuneration chief after bonus pool fallout

15 April 2014 9:01 am | By Devraj Ray

Sir John Sunderland is to be replaced by Crawford Gillies.

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FSCS adviser bill up 6.6 per cent despite overall levy reduction

15 April 2014 8:45 am | By Michael Glenister

Advisers to pay £112m for 2014/15.

Comments (4)

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Old Mutual could buy out Henderson in Intrinsic joint venture

14 April 2014 2:02 pm | By Michael Glenister

Remaining 50 per cent stake in Cirilium could be bought by Old Mutual

Comments (1)

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EY ITEM Club: UK to grow 2.9% this year

14 April 2014 1:16 pm | By Jon Yarker

Growth prediction outstrips OBR’s revised forecast of 2.7 per cent growth.

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Rowan Dartington buys Isle of Man platform for global push

14 April 2014 11:57 am | By Michael Berry

The Bristol-based wealth manager has bought Acordias to allow it to roll out its stockbroking and discretionary management globally.

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Court rejects unauthorised land bank's appeal

14 April 2014 10:41 am | By Michael Berry

Asset Land LI sold plots of land as investments without FCA approval and has been ordered to repay £21m.

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Brooks Macdonald buys Jersey wealth firm for up to £13m

14 April 2014 8:48 am | By Michael Berry

The Aim-listed wealth manager hopes to grow its Channel Islands business even faster with the acquisition of DPZ Capital.

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The funds avoiding the worst of Japan’s 2014 sell-off

14 April 2014 8:11 am | By Gary Jackson

Japanese equities have had a tough start to 2014 as investors worry that its government will fail to make good on its pledge to kickstart growth in the world’s third largest economy.

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JPM's Claverhouse lowers L&G holding

14 April 2014 8:07 am | By Michael Berry

The investment trust made an almost 43 per cent return in 2013, but portfolio manager William Meadon is cautious about the future.

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Morgan Stanley cuts Hargreaves share price target by 10%

11 April 2014 10:56 am | By Sam Macdonald

Share price target cut by 10 per cent as earnings expectations also cut by 18 per cent.

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Tax avoidance firm stops issuing products after HMRC crackdown

11 April 2014 8:58 am | By Tessa Norman

Promoter of film investment scheme will no longer issue new products 

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Pimco’s Gross calls on El-Erian to explain reason for 'mysterious' exit

11 April 2014 8:35 am | By Gary Jackson

Pimco co-founder Bill Gross has said that Mohamed El-Erian should explain why he decided to step down as chief executive bond fund giant.

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2014: The year the euro falls?

10 April 2014 2:20 pm | By Michael Berry

A devalued euro has been long predicted but this could be the year it finally happens, UBS Wealth Management says.

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Architas merges Danske fund into Multi Asset range

10 April 2014 12:26 pm | By Michael Berry

Danske Bank UK moves its £70m risk-profiled and risk-targeted funds into Architas’ Multi Asset Blended range, which already manages a large proportion of its private client investment business.

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Zurich starts unbundling Sterling legacy book

10 April 2014 11:50 am | By Michael Glenister

Fund conversions see costs on some holdings increase 0.25 per cent.

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EM outflows see Ashmore's assets fall 6.9%

10 April 2014 8:50 am | By Jon Yarker

Specialist emerging markets asset manager suffers from outflows.

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China shares surge despite trade disappointment

10 April 2014 8:40 am | By Gary Jackson

Chinese stockmarkets have jumped sharply after a deal to link the Shanghai and Hong Kong bourse overcame a surprise drop in trade figures.

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Skandia in talks with Woodford venture for WealthSelect

10 April 2014 | By Michael Glenister

WealthSelect mandate could include former Invesco fund manager

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Pru to launch EM fund of funds

9 April 2014 12:28 pm | By Sam Macdonald

Global Emerging Markets Portfolio fund will launch on 16 May.

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