News

Two directors of HSBC's UK arm are poised to quit in protest at new Bank of England rules that pave the way for lengthy jail sentences to be imposed on senior managers of failed lenders, according to reports.

Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.

The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.

Pan-Africa fund house African Alliance is to launch a concentrated global equity fund into the UK, run by F&C's former European equities manager Peter Jarvis.

Neil Woodford has ended a 10-year investment in Reckitt Benckiser after the shares became "too expensive" to justify holding any longer.

The economic situation in Japan over the last two decades can teach Western economies a number of lessons, with the region actually very successful at boosting its own citizens' wealth, M&G's bond veteran Richard Woolnough has said.

Large-cap funds in the UK Equity Income sector have increased the concentration of their top ten holdings even as the UK's largest stocks begin to struggle, data compiled for Investment Week has revealed.

Emerging markets specialist Ashmore has partnered with ETF provider Source to launch a suite of actively-managed emerging market debt ETFs.

Mining giant Rio Tinto has rebuffed a takeover bid from rival Glencore in August which would have created the world's largest listed mining group.

Premier Asset Management is now majority-owned by Elcot Capital Management after the company increased its stake to more than half of the business.