Equilibrium plans AIM portfolio to reduce IHT costs

Asset managers have revealed the hard limits they are imposing on entertainment budgets ahead of a potential FCA ban on corporate hospitality

Sanlam International Investments is to significantly increase its stake in boutique FOUR Capital in order to work more closely with the business.

A top regulatory lawyer has warned the Financial Conduct Authority (FCA) could eventually ban all forms of corporate entertainment for advisers by asset managers.

The Investment Management Association (IMA) made a surplus of £188,000 in 2013, reversing a deficit for the previous 12 months, after a significant jump in revenues from membership fees.

L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.

The Baring Multi-Asset fund has lost more than half of its assets in a month after Andrew Cole, Percival Stanion and Shaniel Ramjee left the group.

The Investment Management Association (IMA) has highlighted the scale of regulatory change that may be required if Scotland votes for independence, after revealing 11% of total fund industry assets are run by Scottish-based groups.

The Investment Management Association (IMA) is understood to be looking at a range of sectors for the increasing number of risk-targeted funds which are choosing to remain unclassified.

Wealth managers report their clients are clamouring to take on more risk in portfolios, even as markets retreat from record highs.