News

Invesco Perpetual has begun selling down positions in some of the small and mid-cap companies held by Neil Woodford ahead of the manager's departure in April.

Insurer Zurich has given BlackRock the mandate to passively manage some of its funds sold through Allied Dunbar and Eagle Star brands in a move that aims to create stability for investors.

J.P. Morgan Asset Management (JPMAM) is to bring a series of bond funds into the UK market as part of an expansion of its fixed income range.

The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place.

The Investment Management Association (IMA) has responded to the Financial Conduct Authority's (FCA) concerns over outsourcing arrangements across the industry by producing a set of principles it expects members to adopt and adhere to.

Savvy IFAs looking to offload their businesses in the New Year are building up their profits to entice buyers rather than relying on selling on a recurring trail basis, according to a consultancy that deals in adviser merger and acquisitions.

The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer...

Axa Wealth's multi-manager arm Architas has appointed former UBS GAM sales director James Bampton as head of intermediary sales.

National Savings & Investments (NS&I) is reducing the interest rate on its Direct ISA by 0.25% to 1.5% from 27 February next year.