Pension providers have called on the FCA to provide clarity about their obligations in managing climate risk in contract-based pensions and for the regulator to better align itself with The Pensions Regulator, which oversees trust-based pensions.
Ruffer Investment Company posted an increase net asset value in its half-yearly report, but admitted to “disappointing” returns from being too cautiously positioned throughout 2017.
Legal & General Investment Management has appointed Kathleen Gallagher from its US business to its board of directors.
The Italian election looks set to result in a hung parliament as widely expected, but fund managers are concerned a strong showing by right-wing and populist parties poses a threat to eurozone stability.
Hermes Investment Management chief executive Saker Nusseibeh admits the company’s 30.2% gender pay gap, published today, is unacceptable, as more asset managers reveal the discrepancy in average pay between employees.
Miton has announced it will launch a US smaller companies fund under Nick Ford and Hugh Grieves.
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
Bank of England governor Mark Carney has warned that cryptocurrencies are “failing” and called for them to be regulated to prevent illegal activities.
Three former Tesco executives are facing a retrial over a £250m accounting scandal after one of the defendants suffered a heart attack.
February was a poor month for investors with only 295 funds out of 2,648 giving a profitable return, but which IA sectors outperformed? Ben Yearsley, director at Shore Financial, outlines the month’s five best and worst performers.
Another of Neil Woodford’s majority-owned holdings, Spire Healthcare, stumbled on Friday as it reported weaker earnings and announced its CFO had stepped down.
The Financial Conduct Authority (FCA) has declared discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, insolvent.
