News

HMRC has ruled it will tax fund rebates paid to consumers from April 2013.

Cazenove's Julie Dean will not be running Richard Buxton's assets after the takeover of the company by Schroders, and the firm is still actively looking for his replacement.

The new-look regulator is to carry out a review of the 'increasingly complex' charges on UK funds as it is concerned they may be harmful to consumers.

Rathbone Unit Trust Management has launched a global total return fund for Carl Stick in a push to target sophisticated investors.

Shares in asset management giant Schroders were up sharply in early trading after the group announced it had agreed a deal to buy Cazenove Capital for £424m.

Aberdeen Asset Management shares have jumped as the group reported net inflows of £3.5bn in the first two months of 2013.

Cyprus has agreed a €10bn bailout deal that will force large losses on some big deposit holders but avoids a controversial levy on all bank accounts.

Schroders has agreed a £424m cash offer for Cazenove Capital in a deal that significantly strengthens its private banking, wealth management and funds businesses.

Schroders today announced it is in talks with Cazenove Capital about a potential takeover of the group, as the FTSE 100 giant moves to fill a Richard Buxton-shaped hole in its UK equity desk.

At first glance, Schroders' confirmation that is in talks to acquire Cazenove Capital makes perfect sense.