News

The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.

Former Signia Wealth director Ollie Murray has joined Smith & Williamson as an associate director in its investment management business.

Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.

TwentyFour Asset Management is launching a UK Mortgages investment trust for Ben Hayward (pictured) and Douglas Charleston in a further expansion of its closed-ended range.

Former Carmignac head of emerging market equities Simon Pickard and colleague Edward Cole are to join Man GLG.

Insurer Aviva has introduced a "proactive retention programme" in a bid to stem the loss of funds from its asset management business.

AXA Wealth reported record inflows to its wrap platform Elevate in the month before the 6 April introduction of widespread pension reforms, taking total assets beyond £10bn and pushing the group's overall funds under management (FUM) closer to the £30bn...

The Bank of England has admitted to making errors in its reporting of foreign investors' purchases of UK government bonds in recent weeks.

Equity markets have begun to recover after an early slump driven by a plunge in German sovereign debt prices.

Charles Stanley is in exclusive talks to sell its securities business to stockbroker Panmure Gordon, putting an end to rumours US firm Stifel Financial was the likeliest buyer.