Specialist

The founders of wealth managers Spencer-Churchill Miller Private are launching a grant-making foundation to make it easier for high net worth individuals to donate to charity.

The IMA is to close the UK Zeros sector on 30 September and move the five funds into the Specialist category.

House prices in England and Wales rebounded at the fastest rate for five years in July, Land Registry figures show.

Boutique fund manager Managing Partners Limited (MPL) has secured UK distributor status for retail and institutional share classes of its Traded Policies fund.

Advisers are starting to return to the UK commercial property market for the first time in two years as they believe the sector is bottoming out and they want to take advantage of the high yields on offer.

Venture capital trusts (VCTs) aid economic growth through their investments in small businesses, according to Albion Ventures.

Some of the UK's largest hedge funds could bid Britain farewell unless the draft EU Alternatives Directive is "drastically modified," according to regulatory and consultancy firm Laven Partners.

Andrew Milligan, head of global strategy at Standard Life Investments, says that confidence is returning to parts of the property market

Eastern promise

The cost of not making the OECD "white list" could cost offshore centres tens of millions of dollars in business, the Cayman Islands Financial Services Association (CIFSA) says.