News

Cofunds has written to fund groups demanding contractual rights to the best share class deals in the market - as and when they become available.

Old Mutual Global Investors has become the latest fund group to agree super clean share class terms with Standard Life, an arrangement extending across its entire fund range.

The Financial Ombudsman Service (FOS) has rejected only one claim at decision stage against advice to invest in Arch cru, since it has started publishing complaints decisions in April.

Cofunds has said its move to scrap its £40 annual fixed platform charge for some users will impact around 80,000 clients, indicating an initial hit to revenues of around £3m.

J.P. Morgan Asset Management's head of thematic investing Gary Clarke has left the firm after two of his funds were liquidated.

Former Brewin Dolphin investment manager Harry Burnham has joined Ashcourt Rowan as head of its asset management arm.

North Investment Partners has reported a loss of £389,860 for 2012 after upping investment into its Wealth Solutions service.

Ruffer's Steve Russell and Hamish Baillie are holding 14% of their investment trust portfolio in cash as they remain cautious over the short-term outlook.

The government has extended a payment scheme for Equitable Life policy holders to mid-2015 and is due to launch an advertising campaign to encourage more policyholders to come forward.

Cofunds's former marketing director Verona Smith has joined Seven Investment Management (7IM) as head of platform.