Buxton Richard Old Mutual

Richard Buxton: Three cheers for the return of volatility

A degree of fear and volatility is healthy, as investors have chance of picking up bargains. Market corrections are a healthy part of everyday investing. Make the most of the opportunities they provide. Spring is in the air. Wakened from their cosy lethargy of the long winter months, Mother Nature’s green shoots are starting to […]

Spring Statement: UK GDP revised up for 2018

In today’s Spring Statement Chancellor Philip Hammond announced the forecast for UK GDP in 2018 revising it upwards compared to previous data. Estimates from the Office for Budget Responsibility say the UK economy has grown 1.7 per cent in 2017, compared to the previous forecast of 1.5 per cent announced in the Autumn Budget in November. […]

FCA disclosure panel forms new group with pensions focus

The FCA panel in charge of creating a template to better disclose fund charges and costs has created an additional group to work on the complex data collection in the defined benefit and defined contribution pension space. The institutional disclosure working group, chaired by transparency champion Chris Sier, has published an update on its work saying more needs […]


Fund figures show decline in platforms’ dominance

Platforms’ retail distribution dominance has declined in the past year, according to the latest Investment Association figures. In January, intermediaries including IFAs and wealth managers made gross retail fund sales of £8.1bn, representing an increase in market share of nearly 10 percentage points year-on-year, to 35.7 per cent from 27.4 per cent in January 2017. […]

River and Mercantile sets aside £1m for FCA competition probe

River and Mercantile has set aside £1m through a reduction in director pay in response to the a recent FCA competition investigation. In its half-year update, the firm has also issued a statement on the recent departure of his high profile fund manager Philip Rodrigs. Following the FCA investigation on a breach of competition law issued in November, […]


Trade body demands caution from regulators over language use

The Investment Association has criticised the FCA for misusing language in its asset management market study saying it could harm the reputation of fund managers. In the first installment of the asset management market study, published in November 2016, the FCA drew a clear conclusion on where active management fails to give value to clients. […]


JP Morgan UK funds head Jasper Berens to leave firm

JP Morgan Asset Management head of UK funds Jasper Berens has resigned from the asset manager after twenty years to “pursue other opportunities”. The head of EMEA funds at the asset manager, Massimo Greco, will take over the position with immediate effect, while Berens remains in the company for an interim period to manage the transition. […]