News

The Financial Services Authority (FSA) is planning to force fund groups to improve risk warnings on absolute return funds next year after warning consumers are in danger of being misled.

Fund groups are preparing for a price war in the first quarter of next year as they overhaul their charging structures ahead of RDR.

Architas' Caspar Rock has repositioned his multi-asset range as he turns increasingly bullish about economic progress in Europe, but more concerned about Japan.

Invesco Perpetual's Simon Laing and Simon Clinch have reshaped the £353m US Equity portfolio, halving the number of holdings and cutting consumer staples in favour of healthcare.

Invesco Perpetual, BAE Systems' largest shareholder, will today publicly announce opposition to a proposed merger with aerospace group EADS, according to reports.

Wealth manager Rathbone Brothers has acquired an almost 20% holding in Vision Independent Financial Planning and sister company Castle Investment Solutions for £2m, with a view to buying the remainder of the companies in 2015.

The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.

The FSA is fighting a proposal by Lloyds Banking Group to pay its first dividend since the government acquired a 43% stake in 2008, according to reports.

Standard Life Investment's MyFolio managers Bambos Hambi and Katie Trowsdale will run a range of five new risk-rated funds for RBS following yesterday's distribution deal, Investment Week can reveal.

Nick Hamilton, head of global equity products at Invesco Perpetual, is hoping to boost the "mediocre" performance of the group's £1bn Global Equity fund by positioning less defensively and adding to US exposure.