Equities

The government will permit the transfer of cash saved in now-defunct child trust funds (CTFs) to junior ISAs.

OUTLOOK

A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.

Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.

Ashcourt Rowan has agreed a deal to acquire high net worth investment IFA UK Wealth Management (UKWM), funding the purchase through a share placing.

Sanlam Private Investments (SPI) is launching a global equity fund as well as a fund providing investors with an alternative to cash as it moves to broaden its range of retail mandates.

Brian O'Neill, one of the country's longest-serving fund managers, is to retire from his role running the Henderson Global investment trust next year.

Advisers expect their clients to become more interested in investing in Venture Capital Trusts (VCT) as they seek to make up for a reduced pension allowance and take advantage of tax-free dividends, a survey suggests.

SMART

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place.