Govt sets up asset management taskforce
A taskforce to examine how the £8trn UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
News
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S&W’s fund admin arm hits £10bn
Smith & Williamson has continued the rapid expansion of its fund administration business, hitting the £10bn milestone.
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Sell-side research short-term and flawed
Sell-side research is too positive, too short term and avoids controversial topics leading to a misallocation of capital, according to a survey of sell side analysts themselves.
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LGIM debuts Message-managed fund
Legal & General Investment Management (LGIM) has confirmed that ex-Old Mutual manager Stephen Message will be at the helm of its £268m equity income fund.
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RLAM launches £2.7bn property fund
Royal London Asset Management has unveiled a £2.7bn property fund, the largest launch of its kind, the firm has claimed.
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Nutmeg’s losses widen despite surge in customers
Nutmeg, the online investment manager, saw losses rise to £9.3m last year despite a surge in customer numbers.
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Baillie Gifford to lose three senior partners
Baillie Gifford is set to lose three of its senior partners in April next year, including its head of Japanese equities Sarah Whitley.
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FE targets IFAs with investment planner service
FE Analytics has launched a service to help IFAs meet suitability requirements and deliver consistent investment advice.
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Questions raised over FCA hub
The Financial Conduct Authority (FCA) has been accused of dealing with an issue that “doesn’t need fixing” after unveiling a regulatory hub for asset management start-ups.
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D2C platforms prioritise best-buy lists over client experience
A drive toward transparency in the platform market will narrow the gap between big retail players and the institutional market, Multrees Investor Services chief executive officer Chris Fisher predicts.
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Neptune tarred with £800m outflows
Outflows tarred Neptune Investment Management’s results for 2016 with assets under management and profits taking a hit during a year plagued with uncertainty.
