SJP

The St James's Place UK High Income fund and two other portfolios have become the latest to exit the IMA UK Equity Income sector for failing to meet yield requirements.

Skandia has negotiated an average deal of 40bps to 45bps for funds in its WealthSelect panel, Investment Week can reveal

The Pru’s latest asset allocation calls

A trio of fund managers at Invesco Perpetual are exiting the firm to join Neil Woodford's new venture.

Invesco Perpetual's US parent company Invesco saw its shares slide yesterday after the group lost a significant mandate to exiting head of investment Neil Woodford.

Shares in Resolution and peers tumbled today following reports the FCA is to probe 30 million legacy insurance policies.

LEADER

St James's Place will enter the FTSE 100 index following the departure of engineering consultancy Amec and agribusiness Tate and Lyle.

St James's Place is set to make its inaugural entry into the FTSE 100 when the index's quarterly review takes place later today.

St James's Place has said it is close to a decision on the future of the segregated mandates run for the wealth manager by Invesco Perpetual's Neil Woodford.