Scottish Widows Investment Partnership(SWIP), the asset management arm of Lloyds, is shutting down a string of its regional investment desks with the loss of 23 investment roles.
In the latest Conjecture debate, our panelists from Aberdeen Asset Management, S&P Capital IQ and Scottish Widows Investment Partnership discussed Multi Manager.
Discussions around what the post-RDR landscape will look like have tended to focus on cost and share classes but what of fund choice in 2013 and beyond? How many funds will remain in existence and how many providers?
Two Scottish Widows UK equity funds and Invesco Perpetual's UK Aggressive fund, run by Stephen Anness, have been dealt a blow after seeing their holdings in Thomas Cook fall almost 75% in value.
Managers must consider client expectations before building portfolio, Harries warns
Lloyds is coming under pressure from shareholders to sell Scottish Widows, which could fetch the banking giant about £7bn.
A number of BP's largest shareholders - including Legal & General and M&G - have cut holdings in the troubled oil giant during its recent share price slide.
Peter Cockburn attributes consistently strong performance to resources exposure