News

FMYA 2013

Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.

Skandia has taken a number of steps to speed up re-registration processes with platforms that are currently unable to handle automated re-registration.

First State Investments has formally announced the soft-closure of Jonathan Asante's £4bn GEM Leaders fund.

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

Natixis Global Asset Management (NGAM) has launched its second onshore fund, the Loomis Sayles US Leaders fund, with seed money from Aberdeen Asset Management.

Invesco Perpetual is adding two new managers to its Pacific fund to assist lead manager Stuart Parks.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

Mervyn King, the outgoing governor of the Bank of England, has been tipped to give the Chancellor a helpful boost this week by upgrading growth prospects for the embattled UK economy.