Standard Life Aberdeen and M&G see fee income drop in 2020
Bosses at both firms remain upbeat despite challenging operational environment
Author: Harriet Habergham
-
-
Ninety One to merge pair of Alastair Mundy’s shrinking funds
UK Total Return has been combined with UK Special Situations after losing over 80% of its assets in 2020
-
Tilney Smith & Williamson reportedly looking to snap up Punter Southall Wealth
Owner of Bestinvest platform is seeking to bulk up business ahead of flotation, according to reports
-
Weekly outlook: SLA, L&G and Morrisons full-year results; US and China producer price inflation
The key events for UK wealth managers for the week starting 8 March
-
Leigh Day takes first legal steps against Link over its role in Woodford saga
Law firm has issued a letter before action which could see the case taken to the High Court in a matter of months
-
Terry Smith floats Fundsmith head of research as potential successor
Fundsmith CEO has outlined plans to redistribute his majority stake to staff when he eventually departs
-
Schroders Personal Wealth sees investors yank £200m in 2020
Elsewhere Rathbones boosts FUM to £55bn and Aviva Investors sees operating profits hit
-
Lord Hill review sparks concern over loosening of listing rules
FCA’s job is to ‘balance the understandable desire to foster the next generation of corporate winners with the need to protect investors’
-
Budget 2021: UK GDP to return to pre-Covid levels by mid-2022
UK economy will experience ‘a swifter and more sustained recovery’ than previously predicted, according to OBR
-
Square Mile downgrades trio of Richard Woolnough funds
M&G Optimal Income, Corporate Bond and Strategic Corporate Bond funds downgraded to an A rating after consistent underperformance
-
February’s worst performers: Which funds joined Woodford’s defunct vehicle at the bottom?
LF Equity Income racks up the highest losses of any fund last month as Neil Woodford announces controversial comeback
-
Terry Smith initiates holding in Church & Dwight and boots Intertek
US consumer products giant is the latest holding added to £22.6bn Fundsmith Equity after LVMH in December