News

Advisers have seen the number of complaints against them soar over the past year, however figures show that more than half of the cases were dropped by the ombudsman.

Shares in wealth manager Brewin Dolphin should be trading more than 75% higher than their current level over the long term, according to analysts at Panmure Gordon.

Major indices across Europe have opened lower this morning, reversing gains made yesterday as the IMF cut Chinese growth forecasts.

Verona Smith, marketing director of Cofunds, is to join The Platforum after exiting the fund supermarket in the wake of its takeover by Legal & General.

Invesco Perpetual's Neil Woodford, manager of the group's £25bn suite of UK income products, has described his heavy underweight position to the mining sector as one of the biggest drivers behind his outperformance over the past year.

A former KPMG senior partner has pleaded guilty to insider trading.

Crispin Henderson, the former CEO of Threadneedle who stepped back from the role in March, is to retire from the industry at the end of the week.

Wealth manager Brewin Dolphin is planning a £40m capital raising through a share placing, as it sees pre-tax profits almost halve in the six months to March.

CROWDFUNDING

UK equity income managers are selling out of defensive stocks which have led the global equity rally year-to-date, warning they are approaching bubble territory.