Best in show: the top-performing funds of Q2
Portfolio Adviser looks at three-month data from FE Analytics to determine which five funds beat the odds and performed the best in Q2. Click through the slides below to find out.
News
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Invesco and Woodford diverge over boardroom battle
Neil Woodford and his former employer Invesco Perpetual have ended up on opposite sides of the fence over a boardroom battle taking shape at Stobart Group, in a rare divergence over holdings.
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Sipp complaints help push UK compensation to £405m
Customers of failed financial services firms received £405m in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.
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Smith & Williamson overhauls remuneration ahead of IPO
Smith & Williamson has announced changes to its remuneration policy as it prepares for a listing on the London Stock Exchange by the end of 2019.
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AIC slams regulator over KID risk indicators
The Association of Investment Companies has urged the Financial Conduct Authority to do more to protect consumers against “misleading” and “reckless” key information documents (KIDs).
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Franklin Templeton hires from Aviva Investors restructure
Franklin Templeton Investments has hired a manager who exited Aviva Investors as part of its multi-asset restructure.
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Advisers join asset manager KID reform push
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
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Nucleus confirms plans to pursue Aim-listing
Platform provider Nucleus confirmed on Monday it is pursuing a listing on the alternative investment market (Aim) with trading to commence in late July.
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European Wealth rebrands as losses widen
European Wealth’s string of losses continues following a major overhaul of the business, which will see it rebrand to take advantage of what it sees as a “fragmented” UK wealth management marketplace.
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Schroders trust transitions without clarity for Isa investors
The Schroders UK Growth Trust will transfer to Baillie Gifford management on Friday evening, despite its saving scheme investors being none the wiser about their options for remaining invested in the investment trust.
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Buxton seals £583m spin-out deal with Quilter
Quilter has completed the sale of Old Mutual Global Investors (OMGI) to the single-strategy business’s management team, led by Richard Buxton and private equity firm TA Associates.
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FCA acts to stop drawdown retirees losing out
The UK’s Financial Conduct Authority (FCA) is planning to introduce “investment pathways” for drawdown retirees, in a move to prevent them from making poor decisions and defaulting into cash.
