Whitechurch Securities is considering imposing a cap on the size of funds it buys for clients, a move which may see it automatically sell a fund once it hits a set limit.
Premier's head of UK equities, Chris White, is forecasting a difficult year for UK equity investors as valuations become increasingly stretched.
The £6.4bn Artemis Income fund has been downgraded to a 'sell' in the latest Sanlam Private Investments (SPI) Income study, the widely followed guide to income funds.
Premier is to merge its £41m UK Mid-250 fund into the £82m Premier UK Growth fund as it moves to streamline its fund range further.