Equities

The Investment Management Association (IMA) will rename the Absolute Return sector as the Targeted Absolute Return sector as it completes a long-awaited review of the space.

Network Intrinsic has questioned whether the stigma surrounding with-profits funds may be forcing clients into unsuitable products when they come to fund their retirement.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

Fund managers' and pension funds' dedication to pursuing short-term investment goals is causing severely reduced returns, a panel of MPs heard.

Royal London Asset Management's (RLAM's) Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.

FIVE THINGS

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

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