News

The government will permit the transfer of cash saved in now-defunct child trust funds (CTFs) to junior ISAs.

Aegon UK is to buy Novia Investment Services Limited (NISL) from parent Novia Financial in a deal which brings its platform development business in-house, Investment Week can reveal.

Jupiter's Rhys Petheram is to take over the fixed income portion of the group's £540m High Income fund from Ariel Bezalel next year.

The UK economy grew by 0.8% in the third quarter, confirming previous estimates, the office for National Statistics (ONS) has announced.

J.P. Morgan Asset Management has hired Andrew Larkin, formerly head of strategic partnerships at Neptune, as it refocuses its sales team on its most important clients.

Hargreaves Lansdown co-founder Peter Hargreaves has donated close to £1m in company shares to charity.

Old Mutual Global Investors is to launch a multi-asset range, offering a range of risk and return profiles, in February next year.

Brooks Macdonald has signed an option agreement to acquire Levitas Investment Management for up to £24m.

Ratings agency Standard & Poor's has retained an AAA sovereign credit rating for the UK but says there is still a one in three chance of a downgrade next year.

The gold price has suffered its largest fall in 30 years in 2013 as the US Federal Reserve begins withdrawing stimulus - but is that process now fully in the price?