schroders

As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.

Richard Buxton's Schroder UK Growth trust has moved onto a wide discount following news of the manager's departure for Old Mutual Global Investors.

The UK's new-look regulator - the Financial Conduct Authority (FCA) - has hired Schroders chief executive Michael Dobson to its practitioner panel ahead of its conversion into its new structure.

Almost half the funds in the IMA Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

JAPAN

SELL or HOLD?

Old Mutual Global Investors has confirmed it has hired Schroders star Richard Buxton as its new head of UK equities, with the manager set to run a UK Alpha equity fund.

BIG INTERVIEW

Richard Buxton, the head of UK equities at Schroders, has resigned after more than 11 years at the fund manager to take up a position at Old Mutual.