News

Baillie Gifford's Ian Tabberer, manager of the £475m American fund, has left the firm.

Tavistock Investments has taken over Duchy Independent Financial Advisers, continuing a wave of consolidation in the IFA market.

Legal & General is focusing on new areas including lifetime mortgages and equity release in the face of falling individual annuity sales following the pension reforms.

J.P. Morgan Asset Management's Andreas Michalitsianos argues the government's pension reforms have driven long-dated sterling corporate bond issuance to the point of extinction.

The manager of the £1.9bn Newton UK Income fund is running close to his maximum overseas allocation in an effort to mitigate the risks to the fund from the upcoming UK election.

The Financial Conduct Authority (FCA) has issued a warning to investors about four firms that are unauthorised clones of legitimate businesses.

Firms trying to expand into new business areas are having to wait 85% longer for Financial Conduct Authority (FCA) authorisation than two years ago.

A stark warning from the IMF, as well as the latest major fund manager departure, have renewed concerns over how strategic bond funds will cope with a spike in yields.

Aberdeen Asset Management will consider additional acquisitions following its purchase of Scottish Widows Investment Partnership (SWIP) last year, chief executive Martin Gilbert has said.

The FTSE 100 has risen almost 1% this morning to retake the 7,000 level, as all sectors except materials enjoy gains.