Equities

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

Measure up: The myriad ways advisers benchmark client portfolios

Old Mutual Global Investors' Ashton Bradbury is to retire from the group at the end of the year.

The Financial Conduct Authority will conduct an investigation into Tesco after the firm overstated its estimated half-year profits by £250m.

National advisory group Lighthouse has reported a near-£90k profit for the first six months of the year, up from a £232k loss in 2013, as average adviser earnings rose.

Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, as headwinds continued to impact its global investment approach.

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

Aegon has launched a High Income fund intended to help investors take advantage of pension freedoms coming announced in the Budget.

Where did the smart money go in August?

Old Mutual Global Investors (OMGI) has appointed a new Asian equities team headed by Joshua Crabb, previously at BlackRock.