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M&G topples Invesco as biggest fund firm

M&G Investments has knocked Invesco Perpetual off the top spot as the UK’s biggest fund firm after more than four years.

M&G now has £39.46bn of total assets under management compared with £39.43bn for Invesco, according to the IMA.

Invesco has been the leading firm since October 2007 when it dethroned Fidelity Worldwide Investment. Much of Invesco’s growth can be attributed to Neil Woodford’s higher income and income funds, in which he manages more than £20bn.

M&G has seen recent strong performance. Its bigger funds include the £8bn recovery fund managed by Tom Dobell, the £6bn global basics fund managed by Graham French and the £5.8bn corporate bond and £6.9bn optimal income funds, run by Richard Woolnough (pictured).

M&G also saw its assets jump after parent group Prudential merged 14 funds across to M&G.



The Technical Quiz – April 05 (IHT planning)

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these five questions. QUESTION 1 George’s grandson Bill is getting married. How much can George give Bill on the occasion of his marriage without the gift counting for inheritance tax? A) £2,500 B) £3,000 C) £3,250 D) £5,000 […]

MPs accuse Treasury of failing on mutuals

MPs are pressing the Government to set out how it intends to meet the coalition agreement’s commitment to “promote mutuals and foster diversity” in financial services. In July, the all-party Parliamentary group for building societies and financial mutuals published a report calling on the Government to say how it will deliver on the pledge. Almost […]


Capita to buy Bluefin Corporate Consulting

Axa has agreed to sell Bluefin Corporate Consulting to Capita for £50m. Axa will retain the Bluefin trading name. Bluefin’s other operations, including Bluefin Insurance Group and Bluefin Personal Consulting, which provides wealth management services, do not form part of this transaction. The transaction is subject to regulatory approval and is expected to complete in […]


Advisers face extra £38m in FSCS Arch cru costs

Advisers have been dealt another blow by the Financial Services Compensation Scheme as it forecasts a further £38.3m will be needed to cover the cost of compensating CF Arch cru investors. The FSCS published its plan and budget last month, which included indicative figures on the FSCS levies to be collected from advisers for 2012/13. […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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