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Angus Tulloch steps down from fund management duties

Angus Tulloch and Jonathan Asante are stepping back from the bulk of fund management duties in a raft of changes announced by Stewart Investors, the Edinburgh-based arm of First State Investments. As part of Stewart Investors’ succession planning, David Gait and Sashi Reddy will assume control of the £8bn Stewart Investors Asia Pacific Leaders funds […]

Fidelity recruiting for UK robo-advice push

Fidelity’s UK business is recruiting a new programme manager to drive the launch of a robo-advice service. In a job advert on the firm’s careers site, the firm says it is developing a portfolio management service to be used by both advisers and clients building portfolios with specific goals. Fidelity says: “This will be a […]

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EU unveils investment costs disclosure overhaul

Policymakers are consulting on the detail underpinning disclosure documents being brought in under new European rules. Key Information Documents, known as KIDs, are being introduced as part of the packaged retail and insurance based investment products regulation, or Priips, which comes into force on 31 December 2016. KIDs aim to make costs and product details […]

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Apfa: FCA guidance playing catch up with policy change

One of the many consultations published by the FCA over the last few weeks has been the 139 page-long CP15/30, entitled “Pension reforms – proposed changes to our rules and guidance”. In it, the regulator outlines how it intends to amend the Handbook to ensure rules keep up with the way the market is responding […]

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