News

Fewer than one in eight managers running both open- and closed-ended funds have outperformed in their open-ended portfolios, Investment Week analysis shows.

Mattioli Woods has reported an increase in both group revenues and profits as the effects of rule changes brought in following the Retail Distribution Review (RDR) boosted its wealth management division.

UK GDP rose by 0.7% in Q4, according to an initial estimate from the Office for National Statistics, with growth for the year as a whole rising at its fastest rate since 2007.

Royal Bank of Scotland is facing an £8bn loss for 2013 after announcing an additional £3.1bn of provisions for litigation and mis-selling costs.

Canada's Bank of Montreal (BMO) has agreed a deal to buy F&C for £708m in cash.

Invesco Perpetual's Mark Barnett is to become manager of the £1bn Edinburgh investment trust as of today, taking over from Neil Woodford ahead of the latter's forthcoming move to Oakley Capital.

VCT, EIS and Seed EIS offer advisers great tax planning and investment opportunities for their clients, particularly in the run up to the end of the tax year. But how do advisers ensure they get the right scheme to meet the needs of their client?

F&C shares have jumped by more than 20% after the group said it has received a takeover approach from Canada's Bank of Montreal (BMO).

J.P. Morgan Asset Management is to launch an onshore version of its Luxembourg-domiciled America Equity fund, making the OEIC available to UK investors from 31 January.

Financial advisers are expected to fork out £31.5m in compensation to clients who invested in the CF Arch cru Investment and Diversified funds (Arch cru) and were found to have received unsuitable advice.