RLAM pans income share classes for retirement
Royal London Asset Management has stated investors should invest in accumulation share classes for retirement income as the desperate search for yield pushes investors unnecessarily up the risk spectrum.
News
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FSCS names eight failed advice firms
Clients of eight failed advice firms can get their money back after the UK compensation scheme added them to its list of firms in default.
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Wealth firm boss charged with fraud
The managing director of a collapsed UK wealth management firm, which allegedly still owes more than £13m to investors, has been charged with fraud by the City of London Police.
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Woodford sub-advised mandate falls by a fifth
A sub-advised mandate run by Neil Woodford has fallen by almost a fifth over the last year delivering investors worse results than his own in-house fund.
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Blackrock amends derivatives policy on retail funds
Blackrock has written to investors to announce it is expanding the use of derivatives on its Luxembourg and UK domiciled retail fund ranges.
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Adviser cracks during interrogation with regulator
A financial adviser who forged qualification documents has been banned after he cracked during a “compelled interview”.
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Russia-heavy Blackrock trust to wind up
Large Russia exposure is being blamed for unexpectedly high shareholder interest in a tender offer in Blackrock Emerging Europe, which is now set to shut up shop.
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ECB to end quantitative easing
The European Central Bank has set an end date for quantitative easing, stating purchases will be halved after September before the programme ends in December.
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Five investor takes on the US Fed dot plot
The US Federal Reserve is looking increasingly hawkish as it votes to raise rates to 1.75% to 2%, while its dot plot of Federal Open Market Committee members expectations indicates two more hikes to come in 2018.
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Rathbones deal for Speirs & Jeffrey could reach £250m
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
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Aggressive Fed warned not to overcook it
A hawkish US Federal Reserve has bumped interest rates by 25 basis points and hinted at two more rises by the end of the year, but industry figures believe over-aggressive tightening risks derailing the Trump trade.
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LGIM poaches Standard Life Aberdeen Asia head
Legal & General Investment Management has poached David Hoantee Peng from Standard Life Aberdeen for a newly-created role in its Asia team.