Funds

It has been almost one year on since the introduction of new dividend rules for investment trusts that enabled UK-domiciled ITs to pay out capital gains as income.

Former Cofunds chief executive Brett Williams is to take an advisory role at Kuber Ventures, a multi-manager platform for Enterprise Investment Scheme (EIS) portfolios.

Fidelity FundsNetwork has joined the growing number of platforms looking to benefit from an exodus of Skandia sales staff.

Skandia has stepped up the pressure on peers in the platform space after moving to undercut competitors on key funds including Neil Woodford's Invesco Perpetual Income and High Income funds.

Cofunds sales and marketing director Alastair Conway is leaving the platform after five years.

David Barron, head of investment trusts at J.P. Morgan Asset Management, is to leave the firm.

The Association of Investment Companies (AIC) has warned venture capital trust (VCT) fundraising will halve next year, if the vehicles are not granted an exemption from the FSA's sales ban on unregulated collective investment schemes (UCIS) to ordinary...

The Financial Services Authority (FSA) has issued a warning to advisers who recommend that clients invest in unregulated collective investment schemes in their self-invested personal pensions (SIPPs).

Fidelity is launching a short-duration version of bond manager Ian Spreadbury's £3.3bn MoneyBuilder Income fund.

EFG Asset Management, part of Zurich-based private bank EFG International, is launching a multi-asset OEIC in April as part of its expansion into the UK.