News

Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.

European markets climbed this morning following the release of a dovish statement from the Federal Reserve about the growth outlook for the world's largest economy.

Liontrust has seen a rise in assets under management and a jump in pre-tax profits, after its acquisition of multi-asset business North Investment Partners last October.

D2C platform Charles Stanley Direct has launched a new loyalty programme for clients with a series of additional fee cuts, alongside a customer charter which promises users a "fairer deal".

City Financial has appointed Chris Coombe as its chief financial officer ahead of a move to open offices in Geneva and New York.

Threadneedle has expanded its fixed income fund range with the launch of an offshore global fund for Alasdair Ross.

Newton Investment Management CEO Helena Morrissey is to chair the new organisation arising from the merger of the Association of British Insurers (ABI)'s investment affairs division and the Investment Management Association.

Franklin Templeton's Michael Hasenstab has told Investment Week investors should ready themselves for the second phase of the ‘great rotation' seen in some bond markets last year.

Chancellor George Osborne broke the Treasury's own rules when introducing the Help to Buy scheme, according to a report by the House of Commons public accounts committee.

A tough economic backdrop, no performance track record, or a lack of clout when it comes to distribution can all hamper a fund launch these days, but thirty years ago the challenges were very different.