BNY Mellon

The Investment Management Association (IMA) has begun publicly revealing Targeted Absolute Return funds' rolling 12-month performance as part of a tightening of requirements, following widespread criticism of the sector.

Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

A wide ranging survey of more than three hundred wealth managers and advisers suggests the industry is being forced to re-examine its value proposition in light of the implementation of the Retail Distribution Review (RDR).

The IFA Centre and law firm Harcus Sinclair have today launched a website designed to handle the public response to news that Harcus Sinclair is building a case against Capita Financial Managers on behalf of investors in the Arch Cru funds.

The Personal Finance Society (PFS) has announced that Scott Goodsir, managing director and head of wholesale for BNY Mellon Asset Management, has been appointed as an adviser to its board.

A former IFA has left up to 15 couples without a wedding venue after the inn she owns backed out of hosting their big days.

Multi-tied network Openwork has launched four funds which will form the basis of a range of multi-asset model portfolios soon to be available via its investment proposition, Omnis.

Firms who advised on investments in the CF Arch Cru Investment and Diversified Funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress.

A professional indemnity (PI) insurer has hit out at a proposed £110m redress scheme for Arch Cru investors, saying it is fundamentally flawed and could cause "substantial damage" to IFA firms.