News

The Investment Association's plans to reorganise the Unclassified sector may lead to advisers reaching "dubious conclusions" on funds, according to Old Mutual Global Investors' John Ventre.

The FTSE 100 has fallen back below the 6,900 mark after a stronger than expected US jobs report on Friday caused investors to fret once again about the prospect of a US rate hike this year.

Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.

More than half a million people will be able to take advantage of the government's changing regulation around pensions from 6 April, according to latest official estimates.

The Upper Tribunal has upheld a Financial Conduct Authority decision to fine a fund manager £89,000 for not doing more to prevent a client from committing market abuse.

Wealth managers are reducing their exposure to hedged share classes in their Japanese fund holdings, in the belief that further yen depreciation now looks less likely.

US jobs growth accelerated again in February as the country added 295,000 new roles, according to the Bureau of Labor Statistics.

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.

Threadneedle is to push ahead with plans to convert its UK Property Trust to a more tax-efficient structure.