News

Two boutique fund management houses have dropped FTSE Group from client literature after being asked to pay an annual licence fee to feature its indices and branding, with costs ranging between £15,000-£20,000.

MAM Funds has hired Scottish Widows Investment Partnership's Nick Ford as part of a drive to expand its investment capabilities.

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The board of Harry Nimmo's £163m Standard Life UK Smaller Companies trust has axed its performance fee, in a move to offer a transparent charging structure ahead of the impending retail distribution review (RDR).

Barclay's former chief executive John Varley is at the centre of the Financial Services Authority's (FSA's) latest investigation into the bank, the Sunday Telegraph reports.

Ken Edwards, the well-known IFA sales head who retired from Baillie Gifford in 2011, has joined Enterprise Investment Scheme (EIS) provider Calculus Capital.

Man Group has joined forces with Japanese investment banking giant Nomura to launch a fixed income hedge fund aiming to deliver double-digit returns annually.

BlackRock plans to float a North American equity income investment trust next month, to be managed by Bob Shearer and Kathleen Anderson.

Peter Hargreaves and Stephen Lansdown, the founders of Hargreaves Lansdown, are in line for dividend payouts of around £40m when the broker reveals its results this week, according to reports.

Royal Bank of Scotland shareholders are planning to sue the bank and its former chief executive Fred Goodwin for misleading investors over a rights issue in 2008.