Virgin tracker with 1% fee dominates Aberdeen Standard deal
Three-quarters of the assets Aberdeen Standard Investments will be managing for Virgin Money sit in the UK’s costliest tracker.
A busy week for central banks
A big week for macroeconomic announcements has already seen a drop in UK inflation and ongoing Brexit transition talks, while a monetary policy decision from central banks both sides of the Atlantic is coming on Wednesday and Thursday, but what does it mean for markets?
Inflation drops to 2.7% but ‘picture remains bleak’
The Consumer Prices Index (CPI) dropped to 2.7% in February, down from 3% the month before, setting inflation on a slow course towards the Bank of England’s 2% target.
Aberdeen Standard strikes funds deal with Virgin Money
Aberdeen Standard Investments (ASI) has entered a strategic joint venture to provide asset management services for Virgin Money’s £3.7bn assets under management.
Brexit transition deal leaves unanswered questions
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
Miton boss dismisses extending tiered fees to Oeics
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.