News

Investment trust broker Numis said it expects the discount on Schroder UK Growth to tighten, following this morning's announcement Julie Dean will take over managerial responsibilities for the trust.

Schroders' chief executive Michael Dobson has cautioned against further acquisitions, saying the firm will now focus on organic growth after completing a string of deals over the past year.

Standard Life has added a new withdrawal capability to its wrap, allowing advisers to maximise tax efficiency when funding adviser charging.

Legal & General (L&G) has seen a marked decline in lapsed policies across its protection product channels, which it partly put down to an ‘early warning system' it rolled out to advisers in 2006.

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