News

Aberdeen Asset Management is continuing its fund rationalisation process following the acquisition of Scottish Widows Investment Partnership (SWIP) by merging away three more funds.

Nikko Asset Management has expanded its global fixed income team with the hire of fund manager Holger Mertens from Lazard.

Provider LV= has bought a majority stake in robo-advice operation Wealth Wizards.

TIME Investments has launched a new property fund offering retail investors access to commercial freeholds.

L&G Investment Management (LGIM) has promoted Andrzej Pioch to co-fund manager on the multi-index fund range run by Justin Onuekwusi.

The Greek market has dropped 23% this morning as it reopened after a five week shutdown, implemented while the country battled to remain in the eurozone.

Fund managers have been clamouring to add banks, including RBS and Lloyds, to their portfolios ahead of a rate rise from the Bank of England.

Tilney Bestinvest's 'Dog List' of consistent underperformers has fallen by over a third since January, from 60 funds to 37.

The Investment Association has unveiled a 10-point Statement of Principles to help firms put clients' interests first, which has been signed by 25 asset management firms.

A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).