Martin Wheatley, head of the UK FSAs Conduct Business Unit (CBU), has set out plans to tackle incentive schemes used by financial services firms, which he said are driving mis-selling and leading to consumers being sold more risky products.
Meteor Asset Management has launched two new FTSE 100 and S&P 500-backed income products for UK investors.
BlackRocks loss of ETF market share to Vanguard is a missed opportunity that could ultimately be responsible for its lagging share price, according to an analyst note by influential US firm Bernstein Research.
Ignis has hired a product specialist from BlackRock and a sales director from Deutsche Asset Management as it continues to expand its third-party distribution.
Maarten Slendebroek, former head of BlackRocks international retail business, has joined Jupiter Fund Management as a member of its board responsible for distribution and strategy.
Jenna Barnard has been promoted to deputy head of retail fixed income at Henderson Global Investors.
HSBC Global Asset Management has launched a new clean fee share class on its passive fund range, taking the AMC for these strategies to 0.10%.
After completing his gardening leave having resigned from Baring Asset Management, Mark Julio has joined Igins Asset Management’s emerging market equities team.
Investec Asset Management has unveiled Diversified Income Fund, the final part of its multi-asset Managed Solutions range.
Canaccord Financial has appointed Lazards former co-head of UK investment banking, Alexis de Rosnay, as CEO of its renamed Collins Stewart business – Canaccord Genuity.
Berry Asset Management (BAM) has expanded its managed portfolio service to allow clients with £20,000 to invest access to its multi-asset, multi-manager wealth management style without having to use a platform.
Simon Cowan has joined Ignis as fund sales director responsible for wealth manager and discretionary accounts within London.
