News

Investment Week sister title Professional Adviser has obtained the latest list of advice firms being pursued as lead defendants by the Financial Services Compensation Scheme (FSCS) in relation to Keydata sales.

Old Mutual Global Investors is to introduce a fixed ongoing charges figure (OCF) across its fund range next year, and will also implement a volume discount for its largest funds.

Markets may have been volatile as autumn approached, but the Smith & Williamson Enterprise fund has returned more than 3% over the three months to 3 November 2014, and beaten peers in the Targeted Absolute Return sector.

Sanlam Private Investments' head of managed funds Paul Surguy is to leave the business, Investment Week can reveal.

The Tenax Absolute Return Strategies fund, run by Church House Investment Management, was launched just before the financial crisis of 2008, but it has held up well during the subsequent market sell-offs because of its cautious approach.

A further 12 advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

Family office Fleming Family & Partners is to merge with competitor Stonehage to form one of the largest family offices in the EMEA region.

Rathbones Unit Trust Management's multi-asset team has allocated to a China equity fund for the first time since the inception of the strategy in 2010.

US shares have continued to rally after European Central Bank (ECB) president Mario Draghi laid the groundwork for full blown quantitative easing in the eurozone.

The European Central Bank (ECB) is increasingly likely to announce full quantitative easing before the end of the year, interpretations of president Mario Draghi's latest comments suggest.