Despite growing assets under management by 10%, the parent company of UK advice firm Saunderson House is looking to sell the business. Sipp provider James Hay will be retained, even as it faces a £20m fine for investments in defunct Guernsey-listed biofuel scheme Elysian Fuels.
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.
BT’s third quarter update failed to live up to analyst expectations, with earnings falling 2% to £1.8bn.
Fulcrum Asset Management has announced the launch of a multi-asset income fund that aims to generate yield above the Bank of England base rates.
Provident Financial’s share price saw a modest gain on Friday morning after confirming it had finally found a CEO replacement.
Hargreaves Lansdown (HL) has appointed Deanna W Oppenheimer as a director with immediate effect and as non-executive chair and chair of the nomination committee, effective from 7 February 2018.
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
Joel Le Saux, manager of the Japan opportunities fund at SYZ Asset Management, argues the Japanese equity rally won’t last.
Aberdeen Standard Investments has teamed up with the social investment arm of The Big Issue to launch a UK impact fund, focused on sustainable employment opportunities.
Markets were non-plussed by equity income favourites, Vodafone, Unilever and Royal Dutch Shell, on Thursday despite the latter two producing a decent set of final results.
Carlos Hardenberg, lead manager for the Templeton Emerging Markets Investment Trust (TEMIT), has resigned but will remain as portfolio manager until 31 March 2018.
More than half of the complaints around self-invested personal pension schemes (Sipps) passed to a financial ombudsman were upheld during the three months to 31 December 2017, making it one of most upheld areas of complaint.
