Fund managers are facing pressure to buy high risk assets in order to meet their funds' targets in an environment of falling equity volatility.
Quilter Cheviot and Rathbones have joined forces to create a standard methodology for calculating total account costs, expressed as an annual percentage.
Sanlam Private Investments (SPI) has reaffirmed its ‘sell' recommendation on Richard Wilmot's £2.1bn Newton Higher Income fund, arguing its recent overhaul has made the fund a less attractive option for income seekers.
Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.