News

Former pensions minister Steve Webb is on the verge of joining Royal London, a company which last year criticised his charge cap policy as "headline-grabbing", according to reports.

Renewed underperformance by Newton and Jupiter's UK equity income funds has seen both fall back into Sanlam Private Wealth's 'Black List' of underperforming UK dividend-focused portfolios.

China's Shanghai Composite has suffered its worst day since early 2007 as the country's stock market sell-off returned with a vengeance on Monday morning.

Barings has hired two senior additions to its multi-asset team as its develops a new long/short fund.

Consolidator AFH Financial has acquired two more advisory firms, bringing its total acquisitions in the last year to twelve.

P2P Global Investments has raised £400m from its latest C share issue after receiving backing from a number of high-profile shareholders.

Dalton Strategic Partnership's partner and multi-asset fund manager Luca Vaiani has left the firm by mutual consent.

Fidelity is cutting the annual management charge on its £182m Asian Values investment trust, as it moves to a tiered pricing structure.

Brooks Macdonald Group has seen its discretionary funds under management grow to £7.4bn at the end of June, despite "unhelpful markets" in the fourth quarter.

Miton Group has seen a return to net inflows in the first six months of 2015, helped by demand for its UK Value Opportunities fund, after significant outflows last year.