News

Schroders' head of UK equities Richard Buxton has been snapping up shares in St James's Place which are being sold by the group's parent Lloyds, according to reports.

Miton is preparing to add a new product to its stable for the two managers it recently poached from Matterley.

Brooks Macdonald's acquisition of Spearpoint helped drive a 44% rise in FUM in the second half of last year, although the firm continues to count the cost of RDR.

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

AXA IM's Nigel Thomas has added to his position in wealth manager St James's Place, whose shares have fallen 4% today as Lloyds Banking Group placed a 20% stake in the business into the market.

China should liberalise the renminbi to support the floundering global economy, according to Robert Horrocks, chief investment officer of specialist fund house Matthews Asia.

Alliance Trust chief executive Katherine Garrett-Cox has outlined three roadblocks which could hinder economic growth in 2013 and derail soaring global equity markets.

Troy's Trojan Income fund manager Francis Brooke has sold his position in Aberdeen Asset Management after its share price doubled in the space of 12 months.

The Financial Services Authority is planning to ban rebates on legacy business which are paid by fund groups to platforms from 2016, in a move which will shake up the platform industry and force providers to charge groups for additional services.

Fears that the UK is heading for a triple-dip recession appear to have been confirmed by worse-than-expected January manufacturing data, analysts have suggested.