News

Threadneedle is to merge its multi-manager range into funds run by Seven Investment Management (7IM), with two managers set to move across as part of the deal, Investment Week can reveal.

Alliance Trust has cut its ongoing charges figure (OCF) by 20% as part of its focus on cost-cutting.

Distribution Technology (DT), the risk-profiling tool provider, has launched a fund risk-targeting service.

With this week's BoE monetary policy announcement marking six years of rates being held at a record low level of 0.5%, Investment Week looks at the funds which have produced the best performance over the period.

Kames Capital has cut the annual management charge on Stephen Snowden's (pictured) Investment Grade Global Bond Fund in an effort to align its with European peers.

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.

Fidelity UK Personal Investing head Mark Till has left the company after three years in the role, Investment Week can reveal.

Miton has overhauled part of its multi-asset range, changing the investment objective of one of its flagship portfolios as it rebrands two funds.

Financial Conduct Authority (FCA) technical specialist Rory Percival has hinted the regulator and ombudsman are working to agree on guidelines around suitability reporting.

Structured product providers must do more to ensure their products are understood by consumers who tend to significantly overestimate the returns on offer, the FCA has said.