News

Shares in Aberdeen Asset Management have jumped more than 5% in afternoon trading, after the group confirmed it is in talks to acquire Scottish Widows Investment Partnership (SWIP).

Fidelity Worldwide Investment has expanded its range of multi-asset income funds with two new fund launches for Eugene Philalithis and Nick Peters.

Aberdeen Asset Management has said it is in discussion with Lloyds Banking Group over a possible acquisition of Scottish Widows Investment Partnership.

VCT funds under management have hit £2.9bn this year, the highest level since the sector was established in 1995.

Skandia has abandoned plans to buy small stakes in IFA firms following conversations with the Financial Conduct Authority (FCA) in which the regulator said it was "uncomfortable" with the idea.

A student accommodation fund listed offshore has become the latest in a string of such vehicles to be suspended after a spate of withdrawals used up its cash reserves.

The Association of British Insurers (ABI) has announced that three members of its executive team, including Stephen Gay and Maggie Craig, are to leave the trade body.

Barclays is considering controversial plans to avoid a new bonus cap from Brussels.

St. James's Place, the wealth management group, has reported funds under management of £41.8bn, up 5% over the three months ended 30 September 2013, and 20% since the start of the year.

Threadneedle has abandoned plans to launch an Asset Backed Income trust after it failed to raise sufficient capital, Investment Week can reveal.