News

Aviva has issued redress to customers after a money market fund which it said would protect capital fell into the red, according to the reports.

Lower tax receipts and other factors are likely to prompt a sharp upwards revision in borrowing forecasts at this week's Autumn Statement, analysts have warned.

Sarasin & Partners has expanded its sales team with two new hires, in an effort to increase the distribution of its offering to the discretionary market.

River and Mercantile has closed its Global High Income fund after it failed to attract significant assets.

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.