Interactive Investor cuts trading fees by a third
Charge for fund and investment trust trades dropped to £3.99
Charge for fund and investment trust trades dropped to £3.99
Trust has proposed no longer investing solely in social housing
Shareholders have until 4 August to weigh up the proposed takeover
Key events for UK wealth managers for the week starting 31 July
Further details of the compensation scheme expected to be announced in September
Cash had fallen below FCA capital requirements before £5m was raised through rapid sale of ordinary shares
Group FUM hit a record £157.5bn over six months
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
L&G Artificial Intelligence fund returned 36.25% over the first six months of the year
CIO Tom Carroll will succeed him at the end of the year
Total dividends and share buybacks reached a record £2.29trn in 2022
Remuneration policy has come under the microscope due to the cost-of-living crisis