News

Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.

BlackRock has reduced prices on its iShares Core Series range for European investors, just a week after Fidelity Worldwide Investment cut prices on its own core range of passives.

Natixis Global Asset Management has hired three new UK sales managers in a bid to expand its presence in the advice and platform spaces.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.

Standard Life has enhanced its wrap platform with the launch of a specialist investment hub aimed at users with discretionary permissions, as it taps into the growing number of adviser firms changing their business models.

The Japanese stock market hit an eight-week high following the release of strong China manufacturing data and improving domestic consumer sentiment.

Mirabaud Asset Management has launched a Global Equity High Income fund for new recruit Kirill Pyshkin.

Neil Woodford is considering opening talks with his former firm Invesco Perpetual about a private multi-billion pound deal to bring across his old stakes in the country's largest stocks, and avoid creating havoc in their share prices.

GLG has hired veteran European fund manager Rory Powe as it moves to expand its product range with a European long-only fund.

Drugs and prostitution are to provide a £10bn boost to the UK economy, after a major shake-up to the way the Office for National Statistics (ONS) calculates GDP.