News

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.

The FTSE 100 opened almost 10 points lower this morning, pushing it under 6,190 points, after disappointing trading sessions across the globe overnight.

Invesco Perpetual has hired David Bower as head of marketing for the EMEA region, after Rick White's marketing role was made redundant in November.

David Bellamy, the chief executive of St James's Place (SJP), has said the business is "well positioned" to reap the benefits of the trading environment introduced since RDR as he revealed assets under management had reached record levels.

ICAP, the world's largest inter-dealer broker, has reportedly become a focus of the UK's rate-rigging investigation being carried out by the FSA.

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.