News

The Chancellor has told the House of Commons 60,000 savers have taken out a total of £1bn since April, when pensions freedom came into effect.

Macquarie Investment Management (MIM) has appointed Austin McBride, formerly of Ignis Asset Management, as its head of UK wholesale, Investment Week can reveal.

Old Mutual has set the price for its planned sale of 13.3m shares in its US asset management business to raise money for "general corporate purposes".

Low liquidity, US monetary policy risk and steep valuations in India are the reasons why over 20% of the Fundsmith Emerging Equities trust remains uninvested almost a year after launch, according to manager Terry Smith.

HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

Crux Asset Management, the recently-launched boutique set up by European equity manager Richard Pease, has hired another former New Star and Henderson colleague Karen Zachary as chief operating officer.

The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.

The month of May marked the end of the UK's brief spell of negative inflation, as rising fuel costs have pushed the CPI figure above the zero mark once again.

Aberdeen Asset Management has set aside $500m in credit lines to fund potential redemptions from their funds if the bond market sell-off escalates.

UK equity income managers have been utilising more of their overseas investment budgets as they struggle to find suitable opportunities in the UK.