Funds

The board of the Aberdeen All Asia investment trust plans to change the mandate of the vehicle to Japan-only and raise additional equity.

ETF Securities has launched a service allowing asset and wealth managers to build and launch exchange-traded funds (ETFs) and ETF platforms.

IT

Threadneedle is aiming to raise £200m for the launch of its Asset Backed Income investment trust, set to list in October.

Hargreaves Lansdown has moved to officially challenge HMRC's decision to impose a tax on platform rebates paid to consumers, after the revenue's move to introduce the tax earlier this year.

ICYA 2013

Hargreaves Lansdown co-founder Peter Hargreaves has said his biggest fear is how customers will react to forthcoming changes to the platform's pricing model.

Hargreaves Lansdown expects to announce details of its new pricing model for funds in "November or December" after it reported record full-year results for 2013.

AXA Wealth has announced former Skandia strategy manager Kate Randall-Coles is to take over from Graham Bentley as head of fund group relations.

Miton has appointed former J.P. Morgan Asset Management investment trust head David Barron as director of investment trusts and product strategy.