News

Invesco Perpetual has made a major change to its charging structure across its range of funds, scrapping the annual management charge in favour of a single charge which encompasses all costs.

The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.

AXA Investment Managers has opened up 54 funds in its AXA World Funds Range to UK retail investors.

Chelsea Financial Services today announced it will be cutting its headline annual charge from 0.5% to 0.4% from 6 April, as it moves to compete with rivals in the direct to consumer (D2C) space.

Major UK financials were in the doldrums today, with both Royal Bank of Scotland and Standard Life sharply lower in early trading following updates from the businesses.

Deutsche Asset & Wealth Management (DeAWM) has agreed to sell Tilney, a subsidiary of its wealth management business in the UK, to Permira, which recently bought Bestinvest.

Insurer and asset manager Standard Life reported a 13% dip in pre-tax profits for 2013, despite strong inflows.

Skandia is working in conjunction with IFAs on a service which will enable advised clients to use its platform directly in order to top up ISA holdings, Investment Week can reveal.

Standard Life has put contingency plans in place to relocate its operations should Scotland vote for independence.

The Royal Bank of Scotland has made an £8.2bn loss in 2013, as it struggled with the burden of regulatory fines and splitting up the business.