FCA: Platforms’ best-buy lists favour affiliated funds
Best-buy fund lists compiled by direct-to-consumer platforms favour affiliated funds and those paying higher commission, research by the Financial Conduct Authority has found.
News
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Newton nabs UBS’s Custard; rolls out new management structure
Newton Investment Management has unveiled a new management structure with UBS mainstay Curt Custard in its newly-created CIO role.
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Roberts and Milburn departures prompt Kames fixed income reshuffle
Kames Capital has reshuffled its fixed income desk after it was announced that head of fixed income David Roberts and head of fixed income strategy Phil Milburn have both left the business with immediate effect.
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Prudential combines UK operations sparking sell-off speculation
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
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Nikko AM boosts global equity team with new hire
Nikko Asset Management has added resource to its global equity team with the hire of Jeremy Hall from Cartesian Capital Partners.
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Sanlam expands adviser network with Tavistock takeover
Sanlam UK has taken over Tavistock Financial’s network of 158 advisers adding £1.5bn to its total assets under advice, it announced on Thursday.
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Inflation-linked bonds attractive despite uncertain outlook
Despite a murkier outlook for global inflation, there could be “positive surprises” ahead which make inflation-linked bonds an attractive diversifier, Fidelity International says.
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Chatfeild-Roberts: Fed might not be able to cope with tightening
John Chatfeild-Roberts, head of Jupiter’s multi-manager Merlin range, has doubts over whether the Federal Reserve can successfully pull off its tightening regime.
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Neptune to close US fund as another manager resigns
Neptune Investment Management has confirmed plans to close its £0.5m US Mid Cap Fund and that its manager Patrick Close has left the firm.
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Investors rush to gold following rising North Korea tensions
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
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China and momentum top MSCI in July
China was the best performing country last month, while momentum beat other factors like quality, MSCI has reported.
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Five ideas to diversify your income stream
Since the financial crisis, investors have increasingly turned to equities to provide an income. One favourite has been the £63.5bn IA UK Equity Income sector, but this has suffered two months of investor outflows. Taking this on board, Architas investment director Adrian Lowcock suggests five ways investors can diversify their income.
