News

Aberdeen Asset Management is to merge away five funds formerly managed by Scottish Widows Investment Partnership (SWIP) as it continues to rationalise its range.

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

Dan Kemp has been promoted to chief investment officer for Europe, Middle East, and Africa (EMEA) at Morningstar, replacing Daniel Needham.

A rise in inflation expectations is prompting more fund managers to seek ways to protect their portfolios, despite headline price indices sitting at ultra-low levels.

The Financial Conduct Authority (FCA) has published a paper clarifying its stance on how advisers will be held liable when dealing with insistent clients.

Jason Pidcock's Newton Asian Income fund saw outflows of £350m in May, the month in which the manager's departure from the firm was announced, according to data provider estimates.

Charles Stanley's William Tong has joined Waverton Investment Management's managed funds team as business development manager.

Legal & General Investment Management(LGIM) has appointed Omar Saeed as lead manager of its flagship Dynamic Bond Trust, nine months after the departure of Richard Hodges.

Neil Woodford has made a new investment in AJ Bell via a fundraising round which ensures the Invesco Perpetual-backed platform will remain a private company.

The co-chief executive of Deutsche Bank have stepped down from their position, weeks after the bank was fined a record £1.7bn for manipulating LIBOR.