News

Morrisons' former group treasurer has been sentenced to twelve months in prison after being convicted of two counts of insider trading.

Adviser consolidator Succession Group has bought tax planning and investment firm Cassidy Coutts, adding £50m to its funds under management.

The potential sales of Transact and Seven Investment Management (7IM), as well as increased scrutiny from the regulator, have prompted advisers to start probing platforms on their exit strategies.

The Woodford effect

Wealth managers are urging fund providers to open preferentially-priced share classes to their businesses, as opposed to just the largest, typically platform-based distributors.

Martin Currie's Andy Graham has warned that Indian assets have been overbought, adding an expected increase in profits is unlikely to filter through to investors in the near future.

J.P. Morgan Asset Management (JPMAM) has launched a Global Capital Structure Opportunities fund that will invest across equities, bonds and convertible bonds.

Architas is launching a global multi-asset fund for CIO Caspar Rock as demand for income-generating products continues to grow.

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

Launched in a blaze of publicity last February, Old Mutual Wealth (OMW) set out its WealthSelect proposition as a rival to traditional discretionary fund management services.