News

Fidelity FundsNetwork has joined the growing number of platforms looking to benefit from an exodus of Skandia sales staff.

AIM-listed wealth manager Brooks Macdonald said today it has seen assets under management soar to £4.6bn in the last three months, boosted by the recent acquisition of Spearpoint.

The manager of the best performing fund over the last decade has revealed some of the stock picks which fuelled the 868% return it produced over that timeframe.

Ecclesiastical's group CEO Michael Tripp will retire this year after six years at the firm.

Miton Group said it expects to beat analysts' expectations for its pre-tax adjusted profit over the last financial year and is gearing up to roll out three new funds in 2013.

AXA Investment Managers plans to revamp its clean share class proposition for Nigel Thomas' £3.3bn AXA Framlington UK Select Opportunities fund, which will see the AMC lowered for some investors.

Apple shares have fallen 12% at the start of US trading as investors took flight after the world's largest company reported weaker-than-expected iPhone sales.

Skandia has stepped up the pressure on peers in the platform space after moving to undercut competitors on key funds including Neil Woodford's Invesco Perpetual Income and High Income funds.

St James's Place (SJP) has given a rare insight into its ability to negotiate aggressively with fund managers.

National Savings & Investment (NS&I) is to close its Cash ISA and automatically transfer customers to its Direct ISA in May as part of long-standing plans to simplify its range of savings products.