Standard Life Aberdeen and M&G see fee income drop in 2020
Bosses at both firms remain upbeat despite challenging operational environment
M&G
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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
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M&G and Jupiter languishing near the bottom of Fundcalibre’s index
M&G Recovery fund and Jupiter UK Growth have dragged the fund houses’ average performance down
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M&G becomes more competitive on fixed income with sweeping fee cuts
‘The bond funds are very good, but they were just expensive’
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Claudia Calich: Joe Biden win is not a game changer for emerging markets
Lack of ‘blue wave’ should put less pressure on the US Treasury curve, leaving high-yielding assets attractive
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M&G promotes junior manager to replace Claudia Calich on £2.5bn worth of global bond funds
Eva Sun-Wai has been a junior manager in the fixed income team since 2019
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M&G promotes Alex Matcham to head of UK wholesale
Follows departures of Andrew Watson in 2019 and Neil Brown in September
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M&G creates £28bn wealth management arm
Launch comes off the back of its acquisition of Ascentric
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M&G Recovery fund manager Tom Dobell to exit
Veteran investor had suffered poor performance with out-of-favour approach
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M&G profits halve after investors yank ‘concerning’ £7.7bn from retail funds amid Covid crisis
Net outflows hit over double the £3.8bn pulled in H1 2019
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Ascentric deal set to help M&G play catch up in the advised space
Royal London parts with wrap advised platform with £14bn in AUA
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M&G credit manager exits 18 months after trust launch
Jeremy Richards set to leave fund house after 37 years