News

Fidelity's Personal Investing platform has moved to minimise the impact of D2C super clean fund deals on the end-investor by offering to refund the difference when funds are available more cheaply elsewhere.

City Financial is to merge its £31m OPM Fixed Interest fund - run by Tony Yousefian - into the City Financial Diversified Fixed Interest fund as it moves to streamline its fund range.

Annualised US GDP growth for Q4 2013 has been revised down from 3.2% to 2.4% at the second estimate, with worse-than-expected personal consumption figures to blame.

Whitechurch Securities has introduced a raft of lower prices for advisers who put clients with larger portfolios into its multi-asset investment management service.

Criminal gangs who trick people into investing in worthless shares have been targeted by police in the biggest ever international crackdown on the fraud.

UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.

The Chinese renminbi has seen its worst fall in value since 2005, after tumbling overnight.

The Financial Conduct Authority (FCA) is investigating the US-based parent group of UK fund giant Invesco Perpetual over its past compliance with the regulator's rules.

Central bankers risk creating an "inflationary overshoot" because of their attempts to avoid deflation, the managers of the Ruffer Investment Company have warned.

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.