View more on these topics

Aviva Investors UK funds chief John Clougherty exits

Aviva Investors UK funds chief executive John Clougherty has left the firm, Money Marketing can reveal. Aviva Investors chief operating officer of the UK collectives business Tim Orton will take over Clougherty’s duties in the interim until a replacement is made.

In January, Aviva Investors announced it was to cut 160 jobs worldwide in a bid to reduce its presence in the retail space, with its London-based European, emerging markets, global and SRI equity desks closing. The group is cutting its global workforce by 12 per cent with the bulk of the job losses in London.

The firm will stay active in the fixed income, real estate and multi-asset sectors.

In February, Money Marketing revealed that Aviva Investors’ sustainable and responsible investment team and £1.1bn fund range are set to be sold off as part of the firm’s move to reduce its retail presence.

In March, it emerged that Aviva Investors head of European equities John Botham is to depart the business.

More to follow…



Govt appeal over feed-in-tariffs fails

The Government has failed in its bid to get permission to appeal to the Supreme Court over a High Court ruling which deemed its decision to lower solar feed-in-tariffs was illegal. In November, the Government announced it was bringing forward the date for its reduction in feed-in tariffs to December 12, 2011,  rather than in […]

Regulatory haze

The 1960s and 1970s saw some strange music album covers, possibly triggered by certain substances or experiences. Some covers, such as Jimi Hendrix’s Electric Ladyland, were often not openly displayed in the more conservative shops. Which brings me to the recent pronouncement by the FSA on consultancy-charging. If you recall, adviser-charging did not suit the […]

Co-op’s acquisition of 632 Lloyds’ branches in doubt

The Co-operative Group has cast doubt over whether it will go ahead with the acquisition of Lloyds Banking Group’s 632 branches. In its annual results today it says the opportunity to acquire the branches would strengthen its ambition in UK banking. But it adds: “Our current bid is non-binding and we would only proceed if […]

Bestinvest tells investors to sell BlackRock UK absolute alpha

Bestinvest has told investors to sell out of the BlackRock UK absolute alpha fund, after it was downgraded to a one star rating. The £1.2 billion absolute return fund is managed by managers Mark Lyttleton (pictured) and Nick Osborne. Bestinvest analyst Rob Harley says: “Blackrock UK absolute alpha has now struggled to achieve its performance […]

UK housebuilders remain a value trap – despite post-Brexit falls

Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm