News

Cofunds has scrapped its annual £40 fixed platform charge for clients using its explicit pricing model, following its takeover by Legal & General.

HSBC Global Asset Management has appointed high yield specialist Mary Bowers to its global fixed income team.

Prime Minister David Cameron has appointed former banker Sajid Javid as financial secretary to the Treasury following the latest reshuffle of the Cabinet.

Brewin Dolphin group head of research Matthew Butcher has left the group after nine years, Investment Week understands.

Guinness Asset Management is eyeing the launch of a range of new funds for UK investors by the end of the year, including a mirror version of its US-domiciled Global Innovators portfolio.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.

Ratings agency Moody's has said it expects US politicians to reach an agreement on the country's debt ceiling, with a default "extremely unlikely".

UK shares had a shaky start to the week as negotiations over the US debt ceiling continue to drag on.

The Financial Conduct Authority (FCA) has launched a review of the execution-only market, examining all aspects of the industry including looking at buy lists for the first time.

Franklin Templeton's Mike Clements has more than halved the size of the Franklin European Opportunities fund as he takes over management of the portfolio.