News

Investment managers will be barred from using dealing commission to pay for access to senior corporate figures, the Financial Conduct Authority (FCA) has confirmed.

Parmenion has hired ex-Hargreaves Lansdown senior analyst Meera Hearnden as it expands its investment capability.

Larger fund managers with 'fragmented' manual record-keeping processes risk fines from a more inquisitive regulator, according to a compliance specialist.

Fund managers are backing miners as a key income play this year, predicting the largest names in the sector will ramp up their dividend payouts after a poor first quarter.

Barclays plans to axe more jobs than it had previously announced, as part of the chief executive's ambitious cost-cutting plans.

Old Mutual Global Investors is to unveil a high yield fund for Christine Johnson and Bastian Wagner.

Aberdeen Asset Management plans to keep its headquarters in Scotland regardless of the outcome of this year's independence vote, its chief executive has announced.

Barings has appointed emerging markets specialist Jean-Louis Scandella as head of equities.

Artemis is seeking to launch five US equity funds for Cormac Weldon and his ex-Threadneedle colleagues as members of the team begin work in their new roles.

Wrap platform Transact has acquired a 15% stake in adviser technology business Sprint Enterprise Technology, operator of adviser software system Fastrak.