News

Fidelity is to cut the annual management charge on its range of 15 multi-asset funds for advisers investing through its FundsNetwork platform, after the Financial Conduct Authority banned a cross-subsidy deal.

Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.

A senior Federal Reserve economist has criticised the European Central Bank for resisting further monetary stimulus.

AXA Wealth's total sales increased by 68% over the first six months of the year, while the firm saw strong growth in assets on the Elevate platform and specialist multi-manager business Architas.

A respected think tank has raised its UK growth forecasts for this year and next but warned any recovery is dependent on consumer spending.

Royal Bank of Scotland (RBS) reported a return to profit in the first half of the year, as the majority taxpayer owned bank moves towards privatisation.

Royal Bank of Scotland has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.

Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.

Butterfield Bank has added to its fund research capabilities, announcing a double hire to strengthen its asset management team.

M&G has taken four awards at rating provider FE's annual Group Awards, highlighting the best fund managers across the major asset classes.