News

Invesco Perpetual's Mark Barnett has said he will take an ‘unpredictable' approach to mitigating potential outflows when he takes over Neil Woodford's equity income funds in April.

UK funds under management hit a record high in 2013, while sales of equity funds tripled from 2012, Investment Management Association data has revealed.

Brewin Dolphin felt the impact of removing trail commission in its latest results, with non-core income falling by 40% in the final quarter of 2013.

Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.

Schroders is to streamline its multi-manager range following the takeover of Cazenove last year, with a number of portfolios to be merged away.

Nigel Wray, chairman of Saracens rugby club, has invested a "significant" amount in fund platform Nutmeg.

Barclays plans to cut hundreds of jobs in its investment banking division as part of a restructure, according to reports.

The cheapest UK equity income funds in the market are delivering much better long-term returns than some of their more expensive rivals, data compiled for Investment Week reveals

Liontrust Asset Management has seen its AUM grow to £3.6bn by the end of 2013 as the takeover of North Investment Partners helped counter outflows in the final quarter.

Lloyds Banking Group is to cut over 1,000 jobs nationwide, with its wealth division among those facing significant cuts, according to the Unite union.