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BEHAVIOURAL FINANCE

EQUITIES

Albemarle Street Partners has won a mandate to advise IFA group Newell Palmer on the management of its £500m advisory investment service.

GLG veteran John White has handed over his funds with immediate effect as he takes a more senior role at parent company Man Group, Investment Week can reveal.

Asset managers must seize the opportunity to flourish post-RDR as they implement new pricing structures, according to Artemis' new head of retail Richard Pursglove.

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

Aberdeen Asset Management is said to be in talks to buy Scottish Widows Investment Partnership (SWIP).

Kames Capital has appointed Martin Davis, former chief executive of Cofunds, as CEO of the business.

Miton has reported pre-tax half-yearly profits of £300,000 to 30 June, down from £500,000 from the same period last year as expenses rose.

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