News

John Porteous, head of wealth management at RSM Tenon, has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.

St James's Place (SJP) took advantage of a "dislocation" in the advice market caused by regulatory upheaval to grow adviser numbers by more than 6% in the first half of the year, its CEO David Bellamy has said.

F&C Asset Management has reported pre-tax profits of £37.3m for the half year ending 30 June 2013, citing buoyant equity markets and cost-cutting measures introduced by activist shareholder Edward Bramson.

Brewin Dolphin raised £38.6m through its recent share placing, which aimed to create £40m of new capital to fund investment in the business.

UK retail investors pulled a record amount from fixed income funds last month as yields spiked on fears of an end to US QE, latest IMA figures reveal.

The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals it believes are running or promoting investments illegally as collective investment schemes (CIS).

The board of Evy Hambro's £905m BlackRock World Mining trust is seeking shareholder approval to widen the investment trust's mandate.

The Chartered Insurance Institute (CII) has launched a new qualification for staff overseeing investment operations functions.

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Family office Fleming Family & Partners has provided seed capital for the launch of the Investec Africa Fixed Income Opportunities fund.