News

Martin Wheatley, the chief executive of the FCA, has admitted to concerns about some of the effects of the RDR on the adviser community, and said the regulator will look into the reduction in the supply of advice for lower earning customers.

Aviva Investors is to close its UK Special Situations fund after one of its managers, ex-Schroders UK equities head Richard Buxton, joined Old Mutual Global Investors.

Shares in investment manager Ashmore Group have jumped more than 8% after the company released strong full year results this morning.

The future of the UK economy may not be as bright as some have predicted, with the weakest recovery in 'industrial history' limiting annual growth to 1% in the longer term, according to a thinktank.

Asian markets have risen after data released by the Chinese National Bureau of Statistics showed a number of bright spots for the country's economy.

Verizon Communications is expected to come to market tomorrow with the largest ever corporate bond sale, which will aim to raise $20bn.

ETF Securities has launched a service allowing asset and wealth managers to build and launch exchange-traded funds (ETFs) and ETF platforms.

Henderson is to change the investment policy of Matthew Beesley's International fund as well as renaming the vehicle to reflect its more concentrated investment approach.

Liontrust's Gary West has retired from fund management after 26 years in the industry, Investment Week can reveal.

Threadneedle is aiming to raise £200m for the launch of its Asset Backed Income investment trust, set to list in October.