News

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The UK has seen a sharp drop in new fund launches at the start of 2014, attributed to administration backlogs, pricing overhauls and Neil Woodford's forthcoming new venture.

Policymakers risk the UK economic recovery stalling if they fail to address its "undue reliance" on consumer spending, the British Chambers of Commerce has said.

Discretionary investment manager Hawksmoor Investment Management is considering the launch of a split capital investment trust later this year, following the sweeping changes to UK pension rules.

Natixis Global Asset Management is poised to launch a global concentrated equity fund in a bid to further develop its UK-domiciled range.

Renaissance Asset Managers head of quantitative research and risk Michael Kollo has left the company, Investment Week understands.

Cofunds' chief executive David Hobbs has told Investment Week the platform has not written off plans to introduce investment trusts to the platform, and may look to include them in future.

Lazard Asset Management has renamed its top performing UK income fund, run by Alan Custis and Alan Clifford.

Nearly three quarters of firms are still failing to show clients the true cost of advice, following a "wake-up call" FCA review which has already put two firms at risk of enforcement action.

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.