News

Schoders reported a pre-tax profit of 17% year-on-year in the first quarter, rising from £95.5m to £115m, after inflows into its fund range more than trebled over the period.

Wealth manager Ashcourt Rowan today said revenues had fallen in the last year amid a restructure of the group as it looks to prepare for future expansion.

Legal & General Investment Management (LGIM) recorded net inflows of £5.5bn in the first three months of the year, up 113% on the same period in 2012.

Hundreds of thousands of interest-only mortgage borrowers whose deals mature before 2020 are likely to face a funding shortfall, according to estimates produced for the Financial Conduct Authority (FCA).

The board of the Schroder UK Growth trust has opted to hand over the management of the trust to Cazeonove's Julie Dean, who is joining Schroders imminently.

MULTI-ASSET

Guernsey plans to provide a financial services gateway through which structures, including funds, can be established for investing out of and into China.

Corporate IFA Clifton Asset Management is to move 500 clients to Novia as part of a major asset migration project.

Bringing forward the end of pension scheme contracting-out by 12 months was not motivated by the expected £5.5bn bump to government coffers, economic secretary to the Treasury Sajid Javid has said.

The UK small cap market has done spectacularly well over the last year, leaving some to question where potential upside will come from next, but stock pickers say there are still some gems that can keep on rising.