News

Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.

J.P. Morgan Asset Management's Stephanie Flanders has said that investors should "expect less of everything" in future - including investment returns - because of the weakness of the global economy.

First State is to launch three new Asian equity funds, following the split of the First State Stewart team earlier this year.

Quilter Cheviot has handed the leadership of its Edinburgh office to Mark Hallam, as current head Alan Aitchison steps back from the role.

Graham Mudie has joined Aviva Investors' sales teams from Standard Life Investments, as chief executive Euan Munro continues to recruit from his former company.

The SLI multi-asset team believe the commodities supercycle of the 2000s is unlikely to ever be repeated again as India will not match up to demand once seen from China.

Invesco Perpetual's fixed income team have said the sector faces "strong headwinds" for some time as summer volatility returns, and markets anticipate interest rate hikes.

Greek banks could open for the first time in weeks as the nation's parliament passed through the fresh austerity measures required to secure a €86bn bailout package from the eurozone.

Pension savers withdrew £1.8bn from pots in the first two months following the opening up of the retirement income space, data from the Association of British Insurers (ABI) has revealed.

Invesco has appointed Asia Pacific fixed income CIO Ken Hu as manager of the fixed income portion of its $1.1bn Invesco Asia Balanced fund, following the departure of manager Frankie Tai.