News

Changes introduced as a result of the Retail Distribution Review (RDR) are likely to lower retail advisers' share of the investment market, but they do not represent the "death knell" for the sector, according to an investment group.

Liontrust Asset Management is to acquire North Investment Partners, appointing founder John Husselbee, as well as former LV = manager Paul Kim, to run its first multi-asset proposition.

Hargreaves Lansdown's direct-to-investor proposition Vantage saw a net increase of 20,000 clients in the three months to October, as total assets across the fund seller rose to a record £39bn.

The vast majority of advisers are operating percentage-based charging structures, a poll of more than 1,000 practitioners suggests.

Hargreaves Lansdown is in position to be a £39bn beneficiary of the Retail Distribution Review (RDR), according to Barclays.

Legal & General is in talks with Unite over potential redundancies at from its protection and savings divisions.

Jupiter has warned advisers against products that over diversify investments in a bid to fit the mould of modern portfolio theory and regulation.

Fidelity's FundsNetwork platform is to offer all new unwrapped investments, ISA, and pensions through clean share classes only by the end of the year.

The regulator's looming thematic review into the self-invested personal pension (SIPP) market could force a number of smaller players out, making it a "more comfortable" situation for the regulator, according to John Moret.

Customers of Clydesdale & Yorkshire Banks will now be referred to Origen Financial Services for financial advice after a tie up between the businesses.