News

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-RDR.

Standard Life Investments' head of credit Andrew Sutherland is to retire from the group after a 30-year career.

The UK's stagnating economy avoided a triple-dip recession today after initial estimates showed it expanded 0.3% in the first quarter of 2013.

Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.

Old Mutual Global Investors (OMGI) has streamlined its Dublin-domiciled fund range, one year on from unifying its two asset management businesses.

Assets under management at wealth manager St James's Place were up £4.2bn to a record £39bn, according to the group's interim results.

Jupiter is to promote Chris Watt to take over Philip Matthews' £368m Jupiter Growth & Income fund on 1 May as the latter leaves for Schroders.

One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.

Henderson Global Investors is preparing to add two funds to its risk-rated range of multi-asset solutions, led by Bill McQuaker.

Chris Bailey, the manager of Close Brothers Asset Management's Growth and Conservative funds, has stepped down from the group.