News

Close Brothers has reported a strong first half of its financial year 2014/15 despite a more challenging environment for its Winterflood business.

BlackRock has cut fees on its FTSE 100 ETF to just 0.07% as the price war among passive product providers continues.

The Financial Conduct Authority (FCA) is to investigate the activities of the former operators of the Connaught Income Series 1 fund, Capita Financial Managers and Blue Gate Capital.

Brandeaux has completed the sale of its student accommodation property portfolio and aims to make payments to shareholders in the suspended funds this month, though NAV per share has been reduced further.

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

Platform inflows reached record highs in the fourth quarter of 2014 as upcoming pension freedoms and demand for income boosted inflows, according to Fundscape.

Baring Asset Management has promoted Rod Aldridge to head of wholesale distribution for EMEA following the departure of Oliver Morath.

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

Neil Woodford has introduced a currency hedge on his Woodford Equity Income fund for the first time in the belief the European Central Bank's QE programme may prompt further euro weakness.

The European Central Bank may be forced to buy investment grade corporate debt in an expansion of its QE programme, according to M&G fixed income manager Richard Woolnough.