News

Barclays chief executive Antony Jenkins is to leave the bank as the board of directors calls for a change in leadership with a "new set of skills".

Boston Consulting Group's annual global asset management report has revealed that retail fund fees in the UK fell by some 10% last year as price pressures began to be felt in the domestic market.

The managers of the Ruffer investment company have warned that markets and banks are unprepared for a future crisis, while investors are facing higher risks than ever before as liquidity dries up.

Quilter Cheviot has completed a comprehensive reorganisation of its executive team, five months after it was taken over by Old Mutual Wealth.

Standard Life Wealth has poached Barclays' wealth and investment director Andy Brodie for the role of head of operations.

The Financial Conduct Authority (FCA) has recruited Jonathan Davidson as director of supervision - retail and authorisations.

Sanlam UK made £10m from the sale of its stake in advice network Intrinsic to Old Mutual Wealth.

The Treasury will net an extra £700m in tax this year as a result of the pensions freedom and choice reforms, Hargreaves Lansdown has projected.

Gervais Williams, manager of the Miton UK Smaller Companies fund, has said negative sentiment towards small caps has delayed plans to double the number of stocks in the portfolio.

The manager of a table-topping biotechnology trust has said careful use of the closed-ended structure has enabled him to outperform, including holding half of his assets in just five stocks.