News

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

Neptune is to close its £1.8m China Special Situations and £400,000 Russia Special Situations funds less than three years after the funds were launched.

Platforms will hold off cutting fees further until after they have dealt with significant changes to pricing structures in the first half of 2016, Standard Life's platform head has predicted.

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RIver & Mercantile has raised £51m for its UK Micro Cap investment trust, just over half the figure originally targeted.

Kames Capital's CIO Stephen Jones expects the Bank of England to hold interest rates throughout next year, despite expectations of an upcoming hike.

Gregor Stewart, a former FD of Lloyds Banking Group's insurance division, has joined Alliance Trust as a non-executive director.

UK oil majors BP and Shell are under pressure after the price of Brent crude oil tumbled towards the $70 mark following an Organization of the Petroleum Exporting Countries (OPEC) decision not to cut production.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

Now in their sixth year, Investment Week's Sustainable Investment Awards 2014, held at Le Méridien Piccadilly, London on 26 November, are aimed at fund managers and organisations at the forefront of sustainability investing.