News

The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.

Resolution is in talks over a possible sale of its European private and corporate client wealth planning division, Lombard.

Henderson Global Investors has hired Aberdeen Asset Management's Andrew Gillan to head its Asian equities team, following the announcement he had resigned from his previous role.

Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.

Henderson has soft-closed the near £1bn Henderson Credit Alpha fund due to liquidity constraints.

Strategic bond managers are taking short-term positions in emerging market debt after the summer sell-off brought valuations back down to attractive levels.

Arch Financial Products - headed by chief executive Robin Farrell - has been accused of taking £3m in fees for a deal involving the Arch cru funds which "was valued at nil", the High Court heard today.

Fidelity Worldwide Investment's Anthony Bolton has revealed the three pillars of a stock-picking process which helped him become one of the most successful fund managers the country has ever seen.

Zurich's UK platform assets hit £6.97bn by the end of the third quarter, the latest numbers have revealed.

Schroders has hard-closed Paul Marriage's Cazenove UK Smaller Companies fund following a wave of inflows into the product which saw it breach the £1bn mark.