Funds

Philip Gibbs will hand over managerial responsibilities for the Jupiter Second Split trust to Miles Geldard this November, the company's board has announced.

Fidelity is to cut the annual management charge on its range of 15 multi-asset funds for advisers investing through its FundsNetwork platform, after the Financial Conduct Authority banned a cross-subsidy deal.

BlackRock's ETF platform iShares has appointed Tom Fekete from Barclays Wealth as head of product development in Europe, Middle East and Africa (EMEA).

Former Skandia marketing head Nick Dixon is to join Aegon UK as investment director, Investment Week understands.

The Financial Conduct Authority (FCA) has agreed to issue further guidance on the treatment of legacy cash rebates as part of its next quarterly consultation paper.

The £959m City of London investment trust, headed up by Job Curtis (pictured), has dropped its performance fee in a move to become more attractive to retail investors.

The board of Evy Hambro's £905m BlackRock World Mining trust is seeking shareholder approval to widen the investment trust's mandate.

Cofunds head of fund group relations Michelle Woodburn is stepping down from the role after six years with the platform.

Independent wrap platform IFDL is putting its direct-to-consumer (D2C) business Fundsdirect up for sale.

INVESTMENT TRUSTS