schroders

Schroders' Andy Brough has dismissed concerns BP has become a takeover target or will be forced to cut its dividend, labelling investor reaction to the Gulf of Mexico disaster as "mad".

The FSA could be forced into a major U-turn on platform regulation as the UK's big three providers, with over 80% of total assets, labeled its proposals as "unworkable" in responses to the Discussion Paper.

Schroders' Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.

GOSLING'S GROUSE

Schroders stalwarts Ian Lance and Nick Purves are to join RWC Partners in August to run Income and Value vehicles for the boutique

Schroders will launch its Asian Income Maximiser product on 1 June after receiving FSA approval.

RWC Partners plans to roll out two products for Schroders duo Nick Purves and Ian Lance in September and is also considering adding a covered call strategy to its fund range.

St. James's Place has put three funds run by Nick Purves under review following his resignation from Schroders this week.

Investors and advisers in Ian Lance and Nick Purves' Schroder Income and Income Maximiser funds give their verdict on the duo's move to boutique RWC Partners.

Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.