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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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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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.

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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.

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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.

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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.

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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.

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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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