News

Product provider Aegon has distanced itself from a view attributed to its head of marketing that advisers have been "disintermediated" and that its future lies in direct relationships with consumers.

A financial adviser has been jailed for five years for stealing a total of £85,000 from his victims in a theft campaign targeting the elderly and the recently bereaved.

Jupiter Asset Management's Derek Pound is to leave after 20 years of service as the group shuts its Global Energy fund, Investment Week can reveal.

Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.

Killik & Co's Ben McKeown has joined Hargreave Hale as an investment manager.

UK consumer price inflation assumed its downwards trajectory once more in July following a sharp spike the previous month.

Global markets have jumped and oil has hit a 14-month low as geopolitical tensions between Russia and Ukraine show signs of abating.

Invesco Perpetual's Global Targeted Returns fund has pulled ahead of its main competitor in its first year of existence, prompting fund buyers to reconsider their options in the absolute return space.

Mike Felton, manager of the £724m M&G UK Growth fund, is finding some of the best value investment opportunities in the resources sector, saying most of the UK market looks overvalued.

Wealth managers report their clients are clamouring to take on more risk in portfolios, even as markets retreat from record highs.