News

Wealth manager Ashcourt Rowan posted a loss of £2.5m in the 12 months to April as the group continues its transformation into a holistic financial planning business.

The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.

Neuberger Berman has become the latest player to bolster its emerging market debt capabilities, launching a trio of funds for its new recruits.

Property specialist Brandeaux has suspended its entire fund range, including its embattled £1bn Student Accommodation fund, as the company attempts to sell up to 80% of some vehicles' portfolios.

A tumultuous June may have taken the edge off many of the sizeable gains made by funds in the first half of 2013, but it was not enough to derail performance completely.

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.

M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.

Harlequin Property, the UK-based overseas property sales agent which is at the centre of a Serious Fraud Office investigation, is owed £86m by its overseas development arms and related businesses.

Transact head of marketing Malcolm Murray has announced his intention to depart the firm after nearly 13 years employment.

Platforms will need to have at least £40bn in assets under management to survive the margin squeeze caused by new regulations, research by Deloitte has claimed.