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Jupiter UK Growth co-manager Ian McVeigh is to step back from day-to-day management of the £1.4bn portfolio as he takes a corporate governance role at the group.
Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.
Wealth management firms are facing more serious consequences from a failure to meet suitability requirements as the regulator puts practices under fresh scrutiny.
The FTSE 100 has hit a fresh record high after the US Federal Reserve signalled renewed caution on its path towards raising interest rates from their record lows.
Chancellor George Osborne has announced a 'radically more flexible' ISA system as he used the final Budget of the current Parliament to offer more saver-friendly policies to the electorate.
Lower inflation, driven by a fall in oil prices, has helped the Office for Budget Responsibility (OBR) upgrade UK growth forecasts for 2015 and 2016 and given the government room to move on near-term borrowing.
First State Stewart, the GEM, Asia Pacific and global equity arm of First State Investments, is to split in two and rebrand in a bid to cope with "the burden of scale", Professional Adviser's sister title Investment Week can reveal.
Towry has increased its offer for Ashcourt Rowan to £120m, a move which is understood to have been prompted by rival bidders circling the firm.