News

Asset management firms outsourcing parts of their investment process may be abdicating their responsibility to the consumer, according to the FSA.

Crispin Odey has received planning permission for a £100,000 luxury chicken coop which will sit in the grounds of his country pile in rural Gloucestershire.

The FSA has told asset managers their own profits must not come as a result of poor treatment of consumers.

Some businesses will not be allocated a dedicated superviser from next year as the regulator - the Financial Conduct Authority (FCA) - looks to adopt a "proactive" rather than "reactive" approach.

Investec is bringing its $463m Global Franchise fund onshore as it expands its specialist equity range, Investment Week understands.

Kames Capital is launching a Global Equity Income fund for Piers Hillier and Mark Peden, while the group has also announced details of its new RDR share classes.

Fidelity FundsNetwork will roll out its Retail Distribution Review (RDR) ready adviser fees service on 8 October, facilitating ongoing, initial and specified fees.

Cofunds' ‘explicit pricing model' has gone live today, with 1,700 clean share classes from 85 fund groups.

Close Brothers has reported a 2% rise in full-year pre-tax profits and expects its asset management division to return to profitability next year as it completes a restructuring.

The managers of the £4.4bn Artemis Income fund bought into Standard Chartered last month, but the bank's leading shareholder is reportedly looking to offload its stake.