AJ Bell demands ‘bold’ action by FCA on complex disclosure rules
There is a ‘clear case’ for simplifying the point of sale disclosure regime which is too complex and confusing for investors, AJ Bell’s chief executive has said in a letter to the FCA.
News
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Morningstar downgrades BlackRock fund after Wharrier’s exit
BlackRock’s UK Income Fund has been downgraded by ratings agency Morningstar following the departure of its lead manager, Mark Wharrier.
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Premier boosts AUM after strong Q3 inflows
Premier Asset Management has reported its assets under management grew to £5.84bn at the end of June, after the 17th consecutive quarter of positive net inflows.
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M&G bolsters EM range with double fund launch
M&G Investments has strengthened its emerging market offering with the launch of two strategies focusing on the region’s hard currency debt and income opportunities.
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Majority of active funds not ‘closet trackers’ states report
A clear majority of UK active equity funds are not closet trackers and should not be tarred with that brush by the regulator, new analysis of the UK fund market suggests.
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New tool promises to work out if DFMs offer value for money
A ‘Fair Fee Formula’ designed by consultancy firm Asset Risk Consultants (ARC) has been released to help private clients decide if their discretionary fund manager offers value for money.
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DeVere CEO sells remaining STM stake to focus on fintech
The founder and chief executive of the deVere Group, Nigel Green, has sold his remaining 2% stake in the specialist Qrops provider STM Group.
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The best-selling funds in June
In these volatile times, the Tilney Group’s managing director Jason Hollands talks through the funds that managed to attract investors via the Bestinvest Online Investment Service in June.
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Smith and Williamson launches global inflation-linked bond fund
Smith and Williamson has revealed the launch of a new inflation-linked bond fund to be managed by Thomas Wells.
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Lombard Odier targets French markets with new investment role
Lombard Odier has nabbed a former Nomura economist to help engage investors in French-speaking markets in a newly-created role.
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RWC acquires former Fidelity manager’s investment boutique
RWC Partners has revealed plans to acquire an investment firm owned by former Fidelity manager Graham Clapp, Pensato Capital.
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US employment rises but limp wage growth sparks concerns
The US central bank seems determined to push forward with plans to hike interest rates despite concerns bubbling last week over how promising the country’s employment rate really is.
