RLAM

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-Retail Distribution Review (RDR) world.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

Royal London Asset Management's (RLAM's) Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.

Royal London Asset Management (RLAM) has appointed Rob Williams as head of distribution.

Profits at Royal London fell by 25% in the first half of the year as a slow market hit new sales and low interest rates affected revenues from customers' policies.

The latest appointments in financial services...

Royal London Asset Management's David Varley is leaving his role as manager of the £429m Japan Growth fund this month, to pursue opportunities outside the industry.

The FSA is warning of a "dramatic increase" in overseas fraudsters selling bogus shares using the names, registration details and addresses of FSA authorised firms and individuals.