Charles Stanley

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.

Wealth managers have revealed five lesser-known funds they are backing to outperform peers this year, in an environment where some major equity and bond markets looked stretched.

An indicator that measures momentum in the FTSE 100 index has shot up to levels last seen in 1997, implying the UK's leading share index is at its most overbought level for 15 years.

Wealth manager Charles Stanley has reported a 4.6% jump in client funds under management, with a significant boost coming from discretionary managed funds.

Charles Stanley has appointed Douglas McNeill as investment director for its new direct-to-client service, due to launch at the end of March.

FUND MANAGER VIEWS

After an event-filled 12 months, industry experts reveal how they are shaping their portfolios coming into 2013.

The UK's biggest advice firms have been accused of failing to adequately inform potential clients whether they provide independent or restricted advice.

TIME TO SELL DEFENSIVES?

The cost of its contribution to the Financial Services Compensation Scheme has cost Charles Stanley 40% of its pre-tax profit in the last half-year.