Concerns on liquidity and performance
Creates 'group of greater scale'
After almost two decades
UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.
Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath, the Telegraph reports.
Allianz Global Investors has today launched a range of four risk-graded portfolios, the Allianz RiskMaster funds.
Andy Zanelli discusses the role collectives can play in retirement planning
The financial planning arm of insurance consultants Jelf Group has reported a small loss for the six months to the end of March, as the company invests in preparing for the Retail Distribution Review (RDR).
Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its assets under management by more than £50m.
Skandia Investment Group (SIG) has opened up its Spectrum Select client reporting service to more advisers.
Wealth manager and pensions consultancy Mattioli Woods is preparing for the launch of a discretionary portfolio management service after securing investment permissions from the FSA.
Just 0.1% of Merchant Capital clients owed money by Pritchard Stockbrokers will not be covered by the Financial Services Compensation Scheme (FSCS), according to Pritchard's administrators Mazars.
UBS shareholders including F&C are set to rebel against the Swiss bank's proposed pay packages for its top executives, echoing the moves taken by Barclays shareholders last week.
Advisers should review the way they discuss risk with clients according to research which suggests many consumers do not have a proper awareness of the potential downside of their investments.
Lloyds Banking Group has set aside an extra £375m to cater for an influx of compensation claims related to the mis-selling of payment protection insurance (PPI).
Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.
The Investment Management Association (IMA) has responded favourably to the bulk ISA transfer draft regulations released by HM Revenue & Customs (HMRC).
An adviser has won £20,000 after topping the J.P. Morgan Telegraph Fantasy Fund Manager competition.
Peter Cockburn's £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.
Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.
The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.
National Savings & Investments (NS&I) has announced it "does not expect" to reintroduce its popular Index-linked Savings Certificates in the current financial year.