News

Insight Investment plans to close five equity funds after conceding they are no longer economically viable to run.

F&C's multi-manager team has sold out of the Ignis Argonaut European Income fund in favour of Neptune's European Opportunities.

The LV= UK Property fund has spent more than £30m on new assets, including a portfolio from NFU Mutual Insurance Society.

Henderson has appointed Mark Harris as head of its £1.13bn multi-manager business, taking over from Bill McQuaker who will concentrate on his head of equities role at the group.

The Cautious Managed sector held on to top spot in the Cofunds sales chart for November for the third consecutive month.

The FTSE closed at its lowest level in more than a week Wednesday following falls in energy firms and food retailers.

Everyone earning over £20,000 a year faces a tax rise from 2011.

The Government has made it clear in its Pre-Budget Report and accompanying draft legislation it will no longer tolerate firms abusing the Enterprise Investment Scheme for tax purposes.

The government has missed an opportunity to revisit the 10% tax credit on equity ISAs, Neptune Investment Management says.

Schroders' Richard Buxton believes the chances of a UK sovereign credit rating downgrade has increased following today's Pre-Budget Report.