News

Global equity markets across the board have posted a strong start to the year, but there have been some clear winners in a quarter which saw many markets rise to multi-year or record highs.

Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

The Banking Standards Commission has asked the Financial Services Authority (FSA) to consider if three former HBOS bankers should be barred from future roles in the financial sector.

Guernsey-based trust company Nerine, has launched a trust solution for Indian nationals.

Aegon has launched a selection of auto-enrolment investment funds suitable for use as the default option for employers.

Standard Life's wrap platform is to scrap rebates on new and existing business and move to a clean share class only model by the start of the 2014/15 tax year.

Hargreaves Lansdown has thrown its weight behind an Investment Management Association (IMA) initiative urging groups to display total fund costs in a simpler, clearer manner.

The Tax Incentivised Savings Association (Tisa) is to launch a consultation later this month to look into how to convert bundled share classes held on one platform into clean share classes on another platform when a client re-registers.

Transact has criticised fund managers for failing to allow advisers to move large holdings from bundled to clean share classes.