News

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

BNY Mellon Investment Management has scrapped the initial charge on all investments for both lump sum and regular savings plans across its onshore fund range.

Corporate bond managers have begun to shy away from participating in deals dominated by some of their larger peers as market liquidity continues to contract.

Antony Jenkins, the chief executive of Barclays, has turned down his multi-million pound bonus for 2013 due to the "very significant costs" faced by the bank.

The Wealth Management Association has warned the aims of the RDR could be undermined if advisers continue to be given non-monetary benefits.

Need for advice among high-value investors still increasing.

Neil Woodford's Invesco Perpetual Income fund has shed £550m in a single day, according to data from FE, as outflows from his portfolios continue.

Schroders has increased its stake in Liontrust Asset Management to 23% following the boutique's latest results.

BNY Mellon Global Fund has launched two new Japanese equity funds for its recently-hired Japanese equities team.

The Financial Conduct Authority (FCA) has warned a bank manager that it intends to take action against him for failings in relation to an interest rate benchmark.