SLI reveals £2.8bn GARS outflows
Outflows of £2.8bn from Standard Life Investments’ Global Absolute Return Strategies fund blighted flows for the first quarter of 2017 according to a trading update.
News
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IMFA’s Field: ‘Blurring of the edges’ in adviser/wealth manager business
The FSCS levy and understanding the value of advice will be the first IMFA projects, with chief Liz Field admitting she does not yet know the figures in the overlap between WMA and APFA members.
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800 jobs to go in Standard Life/Aberdeen merger
Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised.
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M’star criticises total return; says growth driven by timing
Keenly watched ‘total return’ figures are a poor guide to performance as investors’ timing drives their returns, Morningstar has warned.
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‘Mortified’ Train sticks by Pearson as FGT struggles
Nick Train is refusing to remove troubled publisher Pearson from Finsbury Growth & Income Trust as his fund failed to beat the FTSE All-Share over the half year.
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Mid-cap bias for slimmed down Fidelity Global Focus Fund
To help boost performance, Fidelity has decided to make some drastic changes to its Global Focus fund.
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FCA alumnus Percival hits out at flawed risk tools
Former FCA technical specialist Rory Percival has warned UK risk-profiling tools are offering wildly disparate asset allocation advice.
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Brewin Dolphin poaches COO from Coutts
Brewin Dolphin has recruited Grant Parkinson from Coutts to be its new chief operating officer.
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Fairstone Group completes buyout of Welsh adviser
Fairstone Group has completed its acquisition of financial adviser firm DHD Wealth Management.
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Peter Mann: RDR has failed to bring advice to the masses
Industry stalwart Peter Mann has said the financial planning sector needs to come up with regulation that works for everyone.
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Terry Smith fund balloons to £10.5bn as sales pour in
Terry Smith’s six-year old Fundsmith Equity fund has surged to £10.5bn in size as it continues to dominate execution-only fund sales charts.
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Eaton Vance targets European investors with global HY fund
Eaton Vance Management International has rolled out a global high yield bond fund, aimed at European investors.
