Funds

Skandia head of wealth planning Colin Jelley has left the firm after ten months in the role.

Fidelity Worldwide Investment has secured best price fund deals from the vast majority of its major fund partners after groups agreed to sign up to its recently-unveiled Access programme.

Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.

Stamp duty on Exchange Traded Funds (ETFs) is to be abolished from April 2014 in a bid to encourage more firms to domicile products in the UK.

As Britain has laboured to escape recession, we have heard a common complaint from critics of industrial and economic policy: "Where are Britain's ‘Mittelstand' companies?"

RETREAT!

Investment trust buyers are selling their infrastructure holdings, rotating into open-ended vehicles or exiting the sector entirely as premiums hit record levels.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.

Skandia's director of investments James Millard is to exit the business at the end of the year after the group opted to hand the running of its managed portfolio service to Old Mutual Global Investors.

INVESTMENT TRUSTS