Miton Group plc, the AIM quoted fund management company, has announced the acquisition of the entire issued share capital of PSigma Asset Management
Property specialist Brandeaux has suspended its entire fund range, including its embattled £1bn Student Accommodation fund, as the company attempts to sell up to 80% of some vehicles' portfolios.
Platforms will need to have at least £40bn in assets under management to survive the margin squeeze caused by new regulations, research by Deloitte has claimed.
The Investment Management Association (IMA) is canvassing fund groups on how to counter the "very significant erosion of trust in financial services" amongst consumers, and has proposed introducing a 'statement of principles' for members.
Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.