News

Former SWIP duo Mark Harries and Simon Wood are to take over the Aberdeen multi-manager range as Aidan Kearney exits and Graham Duce moves to the multi-asset team, Investment Week can reveal.

City Financial's head of UK equities Leigh Himsworth is to join Fidelity as the firm acquires his £70m UK Opportunities fund.

Property fund managers are assessing ways to mitigate the potential impact of soaring inflows as the sector becomes increasingly popular with investors.

Natixis Global Asset Management has expanded its London-based portfolio research and consulting group.

John Kennedy has stepped down from managing the £821m Scottish investment trust after ten years at the helm.

The financial services industry faces a new levy as part of plans to provide savers with free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) upon retirement, the government has said.

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Tesco chief executive Philip Clarke has made a shock departure from the struggling retailer after it issued another profit warning.

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May, as it refocuses its business and withdraws from third party administration.