News

Sanlam Private Investment has rebranded to become Sanlam Private Wealth, the same as its parent company in South Africa.

Schroders has proposed to change its Schroder UK Absolute Target fund to a pan-European vehicle, as well as introducing a hurdle rate for the fund's performance fee.

Invesco Perpetual has boosted its Global Targeted Returns team as assets in the UK-based strategy top £1bn, 18 months after launch.

Baring Asset Management has converted its Global Bond Trust into a more flexible Strategic Bond fund and handed it to new manager Guy Dunham.

T Rowe Price's Luis Faňanas has joined J.O. Hambro Capital Management ahead of the launch of a new European Concentrated Value fund later this month.

The fund management industry is "ripe for investigation" regarding pay packages, according to the Institute of Directors (IoD).

Bestinvest founder John Spiers has hired a six-strong team for the launch of a new investment service at his recently acquired wealth management business, EQ Investors.

Restricted advice group Towry is evaluating its house view on structured products and investment trusts following its acquisition of national IFA Ashcourt Rowan, in a move which could see the combined business registered as independent.

Major Sports Direct shareholder Crispin Odey has criticised the FTSE 100 firm's 14-month delay in appointing a finance director as a "big concern".

The Financial Conduct Authority (FCA) and Department for Work and Pensions (DWP) have added to disclosure pressures by asking whether forthcoming reporting requirements for pension schemes should be extended to fund groups themselves.