Gam scraps bonuses for top bosses as profits plunge
Bonuses were paid out in 2018 despite the fallout from the suspension of star manager Tim Haywood
News
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UK financial brokerage firm launches wealth management arm
Business is an ‘integral step in the growth and evolution of the group’
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Raymond James firm merges with multi-asset specialist IPS Capital
Combined business will have assets under management of more than £600m
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Vanguard Sipp launch throws down gauntlet to Hargreaves Lansdown
Account fees will be 0.15% capped at £375 annually
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BMO UK Property switches pricing indicating ‘big shift’ in sentiment
Comes mere months after M&G suspended fund after mass outflows from the direct property sector
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Brooks Macdonald creates two roles ‘critical’ to assets growth
Liam Pryce-Jones and Gary Stirrup have been with the DFM about a year
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UK lifeboat pays out £2.7m to mini-bond victims
Compensation paid to first group of those caught up in mis-selling scandal
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Richard Buxton to take over floundering Jupiter UK Growth trust
£48m trust had been fourth quartile over three and five years
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Franklin Templeton forms $1.5trn powerhouse with Legg Mason
£3.5bn deal comes a week after family scion stepped up as CEO
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Merian managers must turnaround mass outflows for £20m windfall
Richard Buxton’s firm saw assets shrink to £22bn during TA Associates ownership
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FCA slaps Woodford mainstay with £3m fine
City watchdog has been investigating Moneybarn since December 2017
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Jupiter’s Phil Wagstaff unfazed by absolute return issues ahead of Merian takeover
Richard Buxton and Merian Chrysalis confirmed as moving over in acquisition