Funds

Hargreaves Lansdown received almost 3,200 complaints in the second half of last year, figures published by the Financial Conduct Authority (FCA) show.

Natixis Global Asset Management is poised to launch a global concentrated equity fund in a bid to further develop its UK-domiciled range.

Cofunds' chief executive David Hobbs has told Investment Week the platform has not written off plans to introduce investment trusts to the platform, and may look to include them in future.

INVESTMENT TRUSTS

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.

THE BIG INTERVIEW

Allianz Global Investors is planning to launch a US small-cap fund for UK investors in June.

AXA Elevate has cut charges on portfolios valued at £1m or more for new and existing customers.

iShares has cut the total expense ratio (TER) on the accumulation share class of its S&P 500 ETF to 7bps in a further bid to undercut competitors.

Holly Mackay, the founder and MD of platform advice, research and events business The Platforum, is to take a sabbatical later this year, Investment Week can reveal.