Markets

Artemis is to take over management of the Mid Wynd International investment trust as Baillie Gifford's Michael MacPhee retires.

China is poised to overtake the US as the world's largest economy far sooner than expected, according to new statistics.

Standard Life's Q1 figures have been bolstered by further inflows into SLI's flagship GARS fund, but elsewhere the group said it had seen annuity sales fall 50% after March's Budget announcement.

Wealth adviser Towry has bought the assets of Baker Tilly's private client financial advice and investment management business for an undisclosed sum.

Former chancellor Norman Lamont (pictured) has become chairman of the Jupiter Second Split trust after Gordon Campbell passed away.

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

St James's Place (SJP) has reported a strong first quarter, with a significant uptick in new business over the reporting period.

Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

Wealth management firms are making final preparations for the introduction of US tax regime FATCA as the 5 May registration deadline approaches.

FEATURE