News

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.

Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.

Keith Speck has left Baker Tilly Investment Solutions to take a sales role at Argonaut Capital Partners.

Invesco Perpetual has promoted Andrew Hall to co-manager on its £163m Global Opportunities fund alongside Stephen Anness.