Invesco Perpetual’s head of distribution Ian Trevers has said a multi-asset capability will be essential for success post-RDR after Invesco revealed it had hired a trio of multi-asset managers last week. The group has poached Richard Batty, David Millar and David Jubb, who currently work on Standard
Read more →In its 10th annual survey of the fund management industry, the IMA noted concerns from some of its members that investors who could no longer afford advice following the ban on commission payments may not be willing to take on riskier investments without the input of an
Read more →Less than four months after taking over as chief financial officer at Man Group, Jonathan Sorrell purchased 304,878 shares in the company at a price of 82 pence each on the 13th September. Following the transaction, shares in Man Group rose 4.5 % to 85.90 pence by 10am
Read more →Acquisitions in the Self-managed super fund (SMSF) space are proving commonplace as businesses attempt to build client bases during the current market conditions, with SuperIQ previously expressing a desire for growth. In the latest wave of consolidation in the space, SMSF provider SuperIQ has acquired former Perpetual
Read more →Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group. Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan. The transaction is set to be completed by January 2013,
Read more →The IMA has reshuffled its board, swapping senior representatives from Newton, Lazard and Aviva Investors for others from Fidelity, LGIM, Henderson and Aberdeen. Hugh Mullan, UK managing director at Fidelity, who this week was named responsible for Fidelity FundsNetwork following the departure of David White, is one
Read more →Fidelity Worldwide Investment has appointed Hugh Mullan as its new head of FundsNetwork to replace David White who has left the company. Mullan will continue to also be head of Fidelity’s UK defined contribution and retail business. White has left Fidelity after 10 years and was most recently responsible for developing FundsNetwork’s unbundled
Read more →Janus Capital International has appointed Karen Bennett as its head of marketing and communications for its non-US business. Bennett joins from Aegon Asset Management where she headed up its global corporate communications. In her new role, Bennett will be responsible for covering the Janus European, Middle Eastern
Read more →Financial Services Authority data based on figures supplied by product providers reveal an increase in advised sales of retail investment products that pay recurring trail commission ahead of the Retail Distribution Review, according to a statistical release issued today (31 August). While FSA data show an increase
Read more →The FSA has published a new guide to explain how advice is changing under the RDR which removes references to specialist advisers in its definitions of independent and restricted advice. The latest guide, “Financial Advice Changes 1-2-3”, provides more detail about the RDR requirements and follows on
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