News

Royal London has agreed to buy the Co-operative Banking Group's life insurance and asset management businesses in a deal worth up to £219m.

EU proposals to limit fund manager bonuses have been met by a withering reaction from the asset management industry.

Retail investors should be able to access less liquid investment strategies so they can benefit from longer-term investment decisions, according to new RWC Partners CEO Dan Mannix.

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

Cyprus' plan for an unprecedented 10% tax on savers has been dubbed a "monumental error of judgement" by one commentator, but it does leave some assets looking attractive.

The Financial Services Authority (FSA) has contacted UK fund groups in a bid to ensure "minimal disruption" when the Alternative Investment Fund Managers Directive (AIFMD) comes into force in July.

Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.

Almost half the funds in the IMA Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.

Octopus Investments has overhauled the discount policy across its £350m VCT range, reducing the buyback discount to 5% of NAV rather than 10% for investors looking to sell their shares back to the VCT.

London's leading share index has slid into the red in early trading, as eurozone contagion fears resurface following Cyprus' controversial bailout package.