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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.

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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.

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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.

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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.

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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.

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'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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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