News

Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.

Architas CIO Caspar Rock has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

Her Majesty's Revenue & Customs (HMRC) should "name and shame" those who create, sell or use tax avoidance schemes to discourage activity which is costing the Treasury billions of pounds a year, a committee of MPs has said.

Prime Minister David Cameron has called on Royal Bank of Scotland to speed its return to the private sector amid speculation the government may give away its stake to the public.

The Investment Management Association (IMA) has called on the FSA to increase the amounts insurers and banks contribute to the FSCS after warning fund managers faced cross-subsidies which were three times higher than the other institutions.

The Financial Services Authority (FSA) has criticised firms for failing to send in details of advisers' qualifications.

Royal London Asset Management (RLAM) has launched two global high yield funds for head of high yield Azhar Hussain.

Neil Woodford, manager of Invesco Perpetual's £20bn Income funds, believes AstraZeneca is finally turning a corner after a difficult 2012.

Former Matrix Asset Management chief executive Angus Woolhouse has joined Barings as global head of distribution.

UK equity income managers, including Artemis' Adrian Frost, are stepping up their quest for the next generation of dividend payers as the London market's leading stocks disappoint.