Anne Richards leaves M&G for Fidelity
Anne Richards has resigned as chief executive of M&G Investments ahead of the asset manager’s demerger from Prudential to become chief executive of Fidelity International.
News
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Osmosis IM launches sustainable absolute return fund
Osmosis Investment Management has launched an absolute return Ucits fund, designed for investors seeking sustainable alternative opportunities.
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Rathbones defends £4.5m remuneration changes
Rathbones has argued shareholders will welcome its expansion of a staff equity plan and denied it had been introduced in response to staff exits.
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Schroders funds division sees zero net flows
Schroders’ asset management arm delivered zero net new business over the first half of the year against what the firm said was a challenging time for markets.
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Brooks Macdonald reverses performance hit to assets
Brooks Macdonald managed to grow assets in the past quarter, recovering from a sizeable hit to performance at the start of the year.
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FCA uncovers significant errors behind Priips transaction costs
The Financial Conduct Authority (FCA) has found significant calculation errors in transaction costs for firms reporting under Priips and Mifid II.
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Alliance Trust in platform sale talks as Nucleus lists on Aim
Alliance Trust has announced it is in talks over the sale of its platform, while Nucleus has listed on the alternative investment market (Aim) with a market cap of £139.9m.
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Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.
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Invesco Perpetual targets advisers with low-cost multi-asset range
Invesco Perpetual has launched a low-cost multi-asset range aimed at advisers following ongoing pressure on fees from cheaper alternatives.
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Rathbones boosted by end of £15m office ordeal
Rathbones results for H1 have revealed the investment manager has finally found a tenant for its former Mayfair offices, which have sat empty for more than a year due to softening demand for central London property after Brexit.
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Brewin Dolphin assets reach £42bn
Brewin Dolphin assets under management (AUM) were up 6.5% for the quarter.
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Pimfa: Brexit plans leave retail investors out in the cold
Retail investors face costlier funds and less choice under the government’s current post-Brexit plans for a trading relationship with the European Union, the Personal Investment Management & Financial Advice Association (Pimfa) warns.
