News

James Henderson's UK Equity Income fund has been ejected from the IMA UK Equity Income sector for failing to meet the trade body's sector requirements.

Shares in Investec were down sharply today after the company said earnings could fall by as much as 10%, amid a tough time for its specialist banking arm in the UK.

Skandia is to allow advisers to take trail commission until the April 2016 deadline, putting it on a collision course with rival platforms intending to bulk switch clients as early as next month.

UK CPI inflation fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

High yield analysts and managers have warned some of the largest funds in the sector are being hit by a liquidity crisis.

It is 'possible' the coalition government could break up before the next general election in 2015, according to Vince Cable.

Prusik Investment Management has soft-closed its Asian Smaller Companies fund at $160m.

US hedge funds moved to snap up shares in Lloyds Banking Group overnight as the UK government put its 6% stake up for sale in a move to begin privatising the bank.

Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.

The shortlists for the Aberdeen UK Platform Awards 2013 have been announced. We start with the nominees for the big one: Platform of the Year...