News

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

Aberdeen Asset Management is said to be in talks to buy Scottish Widows Investment Partnership (SWIP).

Smith & Williamson has announced a number of key changes to its senior management, including promoting two staff members as co-chief executives.

Schroders is to launch a global equity fund for managers Nick Kirrage and Kevin Murphy investing in stocks they feel are primed for a recovery in value, Investment Week understands.

Martha Wang, manager of the £2.2bn Fidelity China Focus fund, is taking a career break, with Fidelity hiring BlackRock's Jing Ning to run its flagship China fund.

Legendary investor Jim Rogers has warned a 'hopelessly managed' India could experience a full-blown emerging markets crisis.

Smith & Williamson is reducing the number of holdings in its £87m North American Trust by almost 50% as part of an overhaul of the fund, which also sees lead manager Lady Tana Focke step back from her role.

A Labour Party proposal to re-introduce Stamp Duty Reserve Tax (SDRT) for funds would cost retail investors £145m a year, the Investment Management Association (IMA) has claimed.

Cofunds chief executive Chris Last is to retire from the platform just six months after taking over the role.

Miton has reported pre-tax half-yearly profits of £300,000 to 30 June, down from £500,000 from the same period last year as expenses rose.