OEIC

IFA firm Chartwell has unveiled its new look as it re-brands to bring its four separate business activities under the Chartwell name.

The Financial Services Authority is considering scrapping a requirement to adopt only single pricing on open-ended investment companies (Oeics) and might allow fund managers to decide for themselves how to price the units of all investment funds.

Shares in Aberdeen Asset Management are up 13p to 136p today after the company announced a £200m-plus deal to buy two strands of fund management business from Deutsche Asset Management.

Fidelity FundsNetwork is launching a ten-week re-registration campaign offering cash incentives to persuade investment advisers to consolidate clients' legacy investments onto its platform.

Norwich Union has this morning confirmed plans to launch a manager of managers funds range next week.

Regulatory reforms must include the removal of discrimination against closed-ended funds when it comes to investing in bonds, the Association of Investment Trust Companies says.

Allchurches Investment Management Services has set itself on the path to IFAs and their panels to argue its performance case and make itself known as an alternative to consider.

A market correction would now be appreciated by fund manager David Winters, whose Franklin Mutual Shares Fund OEIC is currently sitting on 26% cash.

David Mitchinson is moving from Framlington Investment Management to run the £175m JPMorgan Fleming Japan Fund OEIC.

Investec Asset Mangement is merging its Dublin-domiciled business into its UK OEIC business this autumn as part of a culling process designed to increase economies of scale.