Charlotte Richards

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Miton inflows double in 2018

Miton has seen its net inflows double in 2018, while assets under management increased 14 per cent year-on-year. As at 31 December 2018, Miton saw more than £1bn net inflows, up from £494m in 2017, an increase of 106 per cent. Its AUM currently stands at £4.4bn, up from £3.8bn at the start of 2018. […]

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Spring Statement 2019: Growth revised amid Brexit woes

Britain’s growth will continue to grow 1.2 per cent this year, chancellor Philip Hammond has announced today in his Spring Statement today. The Office for Budget Responsibility figures show growth in every year of its forecast. While it continues this year, the IMF and OECD both predict Britain to grow faster than Germany. The UK […]

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FSCS chief calls for ‘significant’ rise in payouts

Outgoing Financial Services Compensation Scheme chief executive Mark Neale is calling for consumer protection to “increase significantly”. In a speech to be delivered later today at the UK Finance’s Retail Banking Summit, Neale (pictured) will outline his views of the organisation and the future of consumer protection from financial services products. He will say that […]

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Openwork Academy welcomes eight new advisers

Openwork has hired the first graduates from its Academy in what it believes to be further increasing access to advice in response to growing demand. The advice network has welcomed eight candidates ranging in age between 25 and 47 after they completed the programme, and plans to increase investment in the Academy this year, which […]

Sector focus: Is Mixed Investments the way forward?

While the past 12 months have been difficult for investors, many calls have paid off The Mixed Investment sectors have been hugely popular in recent years. The rise in popularity of multi-asset funds has been phenomenal. As investors seek simpler choices and more transparency with their funds, multi-asset has become an easy route into investing, […]

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Women in finance: ‘The movement for change isn’t going to drive itself’

As we celebrate International Women’s Day, Rathbone Greenbank Investments assistant investment manager Rosie Sparrowhawk shares the motivations behind her chosen career in ethical finance and her experiences to date What motivated you to join Greenbank, professionally and personally? I studied mathematics at Manchester University and enjoyed the financial aspects of the course. After graduation, I […]

Schroders’ Kirrage: There were benefits to less engaged investors

Schroder Global Value co-head Nick Kirrage sets the record straight on fund management, company transparency and why investment is all about psychology and behavioural attitudes Over the past few years, focus has shifted from star managers onto the team or the process behind the performance. This can certainly be said for the Schroder Global Value […]

Legal & General IM poaches Columbia Threadneedle EMEA boss

Columbia Threadneedle’s chief executive officer for Europe, the Middle East and Africa Michelle Scrimgeour has resigned to join Legal and General Investment Management as chief executive officer, She will be succeeding Mark Zinkula who will retire in August. LGIM says the specific retirement and appointment dates will be confirmed in due course. Scrimgeour will also […]

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Investment jargon must end, IA says

The Investment Association has launched new guidance to help fund managers communicate their strategies and technical terms with consumers. According to consumer testing carried out in partnership with The Wisdom Council, three quarters of investors struggle with technical terms, while others have difficulty understanding a range of commonly-used terms. Less than half are able to […]

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‘Catastrophic’ lifetime allowance bills could result from GMP equalisation

More than 100,000 pension savers could face six-figure tax bills if guaranteed minimum pension requirements were equalised, a Freedom of Information Act request from HM Revenue and Customs shows. The request from Royal London shows that people with fixed protection against any past cuts in the lifetime allowance for tax-relief purposes could be invalidated if […]

Sector focus: Signs of fortune for Global Emerging Markets?

The road to recovery A tricky sector to perfect, could emerging markets be the place to invest in 2019? Emerging markets can be a rather complex space. It can cover a vast variety of countries, markets and sectors. Despite this, investors remain keen. As of November 2018, the Global Emerging Markets sector had £24.8bn in […]

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Standard Life Aberdeen continues share buyback

Standard Life Aberdeen has continued to buy back shares from investors following the sale of its life arm to Phoenix last year. A stock exchange announcement this morning shows it purchased 962,182 ordinary shares yesterday (11 February) at an average 247p. This follows daily transactions since the announcement last summer for a £175m first tranche of […]