News

Ex-Legal & General director of platforms & policy Danny Wynn has joined Fidelity Worldwide Investment in the newly-created role of head of fund partners, Investment Week can reveal.

The Investment Association (IA) has proposed a new method of presenting portfolio turnover rates, and called for transaction fees to be separated from fixed costs, as part of a push for more comprehensive fund fee disclosure.

Fund research and ratings group RSMR is now rating investment trusts in response to adviser demand.

Mark Carney has urged G20 members to continue a "big push" for banking reforms, after suggesting that legislators maybe tiring of financial regulation.

HSBC is facing investigations at home and abroad following allegations that it colluded with Swiss clients to help them dodge tax.

J.P. Morgan Asset Management (JPMAM) is soft-closing its offshore European long/short fund as inflows into the product soar, just months after it closed a separate European equity portfolio.

Fund groups should focus more attention on the need for active UK equity funds that are overweight large caps, according to Andrew Summers, head of fund research at Investec Wealth & Investment.

Steve Webb believes his most notable achievement in five years as pensions minister has been the state pension reforms but fears his infamous Lamborghini comment could be his legacy.

Brooks Macdonald Asset Management has appointed Vestra Wealth's Jim Mackie as an investment management director.

Kames Capital is to launch a Global Absolute Return Bond fund for John McNeill, Sandra Holdsworth and Nick Chatters as its original offering faces capacity constraints.