News

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m.

An adviser who recommended a client invest most of his pension savings in an offshore property fund has been told to purchase his client's investments and compensate him following a ruling by the Financial Ombudsman Service (FOS).

The inability of US funds to outperform the S&P 500 has been a long-standing concern for fund selectors, but performance figures for the term of Barack Obama's presidency paint a particularly bleak picture.

Standard Life Investments (SLI) has appointed Adam Rudd as an investment director within its multi-asset team.

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the IMA, up 18% compared to the same quarter last year.

A "post, post-industrial society" is helping businesses adapt to an environment of low growth and distressed global trade, according to Nigel Thomas, manager of the £3.2bn AXA Framlington UK Select Opportunities fund.

Investment veteran Warren Buffett is running cash levels just shy of his career all-time high, after his company Berkshire Hathaway reported profits climbed 72% in the third quarter.

The Serious Fraud Office (SFO) has officially ended attempts to trace the assets of Keydata bond manager SLS Capital SA, after a lack of success.

Lloyds Banking Group is hoping to raise £1bn from the sale of its 60% stake in St James's Place Wealth Management(SJP), according to reports.

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.