News

Legal & General Investment Management is changing the way charges are applied to its retail funds, moving to a single fund management fee (FMF) to avoid "confusion" over multiple figures.

The Treasury has further sold down its stake in Lloyds Banking Group, and has committed to a retail share sale within the next 12 months as the bank's share price continues to recover.

Investec Asset Management has launched a Global Dividend fund run by Jonathan Parker and its 4Factor equity team as it continues to bulk up its income offering.

Tilney Bestinvest has strengthened its board with the appointment of former Financial Services Authority chief John Tiner and Betfair CEO Breon Corcoran as non-execs.

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

Aberdeen's Fran Radano and Paul Atkinson, managers of the £275m North American Income trust, said recent concerns about US earnings pressures have been overstated, as they question whether it is even possible to identify ‘normalised earnings' for this...

Chinese funds saw the largest weekly inflows since 2008 this week, with hot money flowing into Chinese A-shares ETFs, before the 6.5% correction seen in the market yesterday.

Royal London Asset Management's Eric Holt has said investment ideas outside the mainstream have helped performance on his £1bn fund despite a liquidity squeeze in bond markets.

Henderson's Richard McNamara has joined GAM as its new chief financial officer.

Bill McQuaker, head of Henderson's multi-manager team, has moved into more cyclical equities in the view outperforming defensives now look vulnerable to a correction.