Miton cuts initial fee on multi-asset funds
Miton has removed the initial charges on its multi-asset funds in a bid to improve transparency for investors.
Author: Sam Shaw
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PA ANALYSIS: FCA report puts closet trackers on the rack
Unsurprisingly, most of the responses hitting the inboxes of industry journalists through the course of an otherwise quiet Friday began with “welcoming” messages to the FCA interim report on the asset management industry.
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FCA proposes single fund charge; challenges active managers
The FCA has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
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Old Mutual Wealth buys Cheshire advice firm
Old Mutual Wealth Private Client Advisers has added another name to its growing list of acquisitions in JW Financial Planning, a Cheshire-based advice firm.
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Kleinwort Hambros unveiled following June deal
Digital, regional, and family office growth will take priority as two legacy names in the private banking space join forces under new brand Kleinwort Hambros.
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Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) has reported a 14.1% growth in its operating profit in the six months to 30 September as its assets under management (AUM) grew to £51.3bn.
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Psigma IM hires HSBC GAM man
Psigma Investment Management has hired Sanjeev Chopra from HSBC Global Asset Management.
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Argonaut launches European income fund for Bennett
Argonaut Capital is set to open a long-only, high-yield European income fund targeting companies yielding 30% above the index after its first year, subject to regulatory approval.
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Baillie Gifford to disclose turnover stats
Baillie Gifford is planning to disclose portfolio turnover on all its retail fund factsheets from next month.
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UBS shields against FX moves with latest ETF launch
UBS Asset Management has launched a sterling-hedged exchange-traded fund (ETF) tracking the S&P 500, listed on the London Stock Exchange.
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Dymott to leave Fidelity
Fidelity International’s Ed Dymott is leaving the firm after almost 17 years to pursue other opportunities.
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Hargreaves Lansdown confidence index slides
Hargreaves Lansdown’s Investor Confidence Index reached a low of 59 points in November, its lowest level since the index began in 1995.
