Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.
The bad news continued for embattled retailer Tesco yesterday after its credit rating was downgraded by two key agencies.
The next financial crisis will be sparked by the rise of giant daily dealing bond funds and ETFs, GLG's top performing fixed income manager Jon Mawby has warned.
Old Mutual Global Investors (OMGI) has moved to offload its £437m property fund to Henderson Global Investors, proposing a merger of the portfolio into the Henderson UK Property fund.
Mohamed El-Erian, the former PIMCO chief executive who famously quit the firm after falling out with founder Bill Gross, has invested in the peer-to-peer lending industry.
The Financial Ombudsman Service (FOS) has ordered an equity release provider to repay a client the cost of a lifetime mortgage after it found the client had received bad advice.
Markets across Europe have rallied this morning following confirmation the European Central Bank (ECB) has started buying covered bonds.
Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have accelerated since the March Budget, new figures have shown.
Shares in Tesco topped the FTSE 100 leaderboard in morning trading, providing some relief for investors as the wider market slipped back once again.
Should more managers branch out on their own?
Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.
Core government bond yields have tumbled this afternoon, as investors rush back to safe havens and stocks slump amid widespread selling.
UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.
The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.
Hargreaves Lansdown has said the low interest rate environment will continue to impact its revenues for the remainder of the year, with the business also ruling out any further moves on price for now as investor confidence wanes.
Shares on Wall Street have recorded the worst three-day streak since 2011 after another sharp move lower overnight, with investors continuing to fret over the end of the US Federal Reserve's bond buying programme.
Ignis Absolute Return Government Bond fund manager Ross Oxley and two members of his team are to exit the business following its £390m takeover by Standard Life, Investment Week understands.
FOUR Capital Partners is to expand its fund range with the launch of a US mandate run by new hire, and ex-ING manager, Adour Sarkissian.
Platforms must branch out to survive
Fidelity's move into passive funds
Fidelity Worldwide Investment has appointed Barclays Wealth boss Peter Horrell as managing director of its UK business.
Two directors of HSBC's UK arm are poised to quit in protest at new Bank of England rules that pave the way for lengthy jail sentences to be imposed on senior managers of failed lenders, according to reports.
What’s good for the goose…
Neil Woodford has ended a 10-year investment in Reckitt Benckiser after the shares became "too expensive" to justify holding any longer.
Bravura is understood to be in pole position to win the technology contract to power Cofunds, following months of negotiations, in a switch which would see it replace International Financial Data Services (IFDS).
The end of corporate hospitality?
The head of AXA Elevate's operations team has left the business following a restructure, Investment Week can reveal.
Chelverton Asset Management has revealed some of the stocks the group expects will power its new UK Equity Growth fund when it launches later this month.
Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.
Ian Cooke, chief executive of network Best Practice IFA Group, has called on the regulator to force asset managers to disclose their entire charge so it is transparent to customers.
GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.
GLG Partners is to soft close Stephen Harker's GLG Japan CoreAlpha strategy, two years after it reopened to investors, following a huge climb in AUM, Investment Week can reveal.
St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.
Aberdeen Asset Management today said outflows from its business had slowed significantly following a sustained period of redemptions, with the group also seeing better than expected flows from recent acquisition SWIP.
‘OCF is not the final step’
Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.
A financial advisory business can permit its advisers to refer clients to specialist colleagues within the company and remain independent, following an about-turn by the Financial Conduct Authority (FCA).
Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.
Fidelity Worldwide Investment has cut fees on its passive multi-asset range in another aggressive pricing move.
Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.
Old Mutual Global Investors' Ashton Bradbury is to retire from the group at the end of the year.
Tesco has announced its new finance director is to start the job immediately, bringing forward the appointment by two months after it yesterday revealed it had overstated half-year profits by £250m.
Barclays has been hit with a £38m fine for failing to adequately protect clients' funds, the Financial Conduct Authority has confirmed.
Barclays has hired former Citigroup banker Akshaya Bhargava to head up its recently restructured wealth management business, following the exit of Peter Horrell in June.
The majority of Scotland has voted to stay as part of the UK, with the 'no' campaign taking 55% of the vote, but how did this look on the ground?
Shares in the UK climbed in early trading as investors awaited the result of the Scottish referendum on independence.
Holly Mackay, the founder and MD of platform advice, research, and events firm The Platforum, has resigned from the business, the group has confirmed.
The pound could dive a further 10% in as little as a week if a 'yes' vote on Scotland is approved, witnessing a sell-off reminiscent of sterling's fall on Black Wednesday more than 20 years ago, a manager has warned.