News

The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.

The Financial Conduct Authority (FCA) has urged asset managers to move away from using the annual management charge (AMC) as their headline cost, instead pushing for a focus on the ongoing charges figure (OCF).

The FTSE 100 has soared to its highest level since early 2000, as mining and housing stocks boost the blue-chip index at the start of the week.

Heartwood IM has hired former Old Mutual Global Investors (OMGI) product head Matt Hollier to oversee the business management of its UK and Dublin fund ranges.

Eden Asset Management founder and former M&G equities head Ed Rosengarten has joined Smith & Williamson as head of its funds business.

The industry's most concentrated funds have comfortably beaten their more conventional rivals over all time periods, new data has revealed.

Royal London Asset Management (RLAM) saw strong flows into its funds during Q1, with income and bond products in particular attracting investor interest.

An independent Scotland would face a "capital flight" if it did not retain the pound, according to analysts at Deutsche Bank.

EFG Asset Management is set to launch an M&A tracker fund led by global chief investment officer Mozamil Afzal, together with head of equity research Robin Milway.

Cofunds is set to list Neil Woodford's equity income fund next month, but will not offer advisers access to the manager's discounted share class.