Investment General

GAM has poached two Quilter executives as the global investment manager looks to expand its discretionary fund management (DFM) capability and develop outsourcing solutions for UK IFAs.

Closed life fund consolidator Phoenix has held the majority of its annual bonuses at low rates or at 0% as it focuses on final payouts.

The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.

Trust providers still have to battle a number of misconceptions before advisers can truly understand the benefits of closed-ended structures, writes Ed Morse, head of investment trust business development at F&C Investments.

Rathbone Unit Trust Management is to launch RDR-ready 'institutional' share classes across its fund range from 1 March.

Net retail sales of tracker funds hit a record high of £1.9bn last year, up some £200m on 2010, according to the Investment Management Association (IMA).

Barclays made a pre-tax profit of £5.879bn in the year to 31 December 2011, 3% down from the previous year and a slightly larger fall than analysts had forecast.

Mike Morrison, AXA Wealth head of pensions development, tackles the disconnect between consumers’ perceived risk appetite and their real attitude to risk.

Investment manager Hargreaves Lansdown today said it delivered record underlying profits of £72m in the second half of last year.

Income investors enjoyed a bumper year in 2011 as dividends from UK-listed companies hit an all-time high, surging 12.8% to £67.8bn.