Property

M&G Investments is set to close its Global Real Estate Securities fund after the departure of manager Gillian Tiltman prompted outflows from the strategy.

Generation Buy to Let

F&C will launch an onshore version of its F&C Property Growth and Income fund this Friday.

Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.

Concerns rising over property sector inflows

A trio of AXA managers have joined Royal London Asset Management (RLAM) as the group brings in-house a £1.6bn property portfolio it has acquired since taking over the Co-operative Asset Management.

The property manager of the Mansion Student Accommodation fund has proposed a wind-up of the fund after redemptions were suspended for more than a year.

Advisers have welcomed the Chancellor's overhaul of the taxation system around buying property, saying it is an "ingenious" idea that will benefit the majority of clients.

The government has said it will introduce seeding relief for property authorised investment funds (PAIFs), allowing such funds to launch without incurring stamp duty.

A 'lost generation' helps boost housebuilders