Funds face expulsion from UK Equity Income sector: By Fund Strategy  16-Dec-2008
The Investment Management Association (IMA) will push funds out of the UK Equity Income sector if they fail to meet the yield target. Funds that fail to do so will be placed into a new sector, UK Equity Income and Growth, when it is created in January.

Liquidity problems halt New Star Africa fund : By Fund Strategy  15-Dec-2008
New Star has suspended trading on its Heart of Africa fund, less than a month after it halted trading on its International Property fund. The Africa fund is managed by Jamie Allsopp.

Blue Oar set to launch absolute return : By Fund Strategy  15-Dec-2008
Blue Oar Asset Management plans to add a third fund to its range, an absolute return vehicle that will sit within its Oeic umbrella.

Hg profits despite bear market but disposals set to dry up: By Leonora Walters  05-Jan-2009
Private equity investment trust HgCapital has sold payment solution provider Orbiscom at a multiple of 1.8 times the original cost it paid for the company in 2001, which increases the investment trust’s net asset value by 18.6p a share to 1,102.92p.

Are property ITs being forced to sell assets?: By Leonora Walters  19-Dec-2008
Rutley European Property is to offer investors the opportunity for a partial redemption following pressure from shareholders who want to sell their shares, and is financing the redemption via the sale of a property in Germany.

More IT rights issues anticipated, but analysts still back private equity: By Leonora Walters  18-Dec-2008
More private equity investment trusts may launch rights issues following SVG Capital's announcment, but analysts still see reasons to invest in the asset class.

Pension savings dismal in small firms, says trade body: By Money Marketing  05-Jan-2009
The trade body surveyed nearly 400 employers with 250 employees or less and found the number of firms which believe their current pension scheme would fail the personal accounts exemption test rises to 69 per cent amongst firms with 50 or fewer staff.

Annuity rates come down again, says Alexander Forbes: By Money Marketing  05-Jan-2009
The bureau says the best level annuity rate fell slightly for women, with Norwich Union cutting its previously market leading rate of £6,760 per annum to £6,540 leaving Aegon Scottish Equitable at the top of the table with an unchanged £6,678.96. Meanwhile, leading rates for men have held their ground.

Credit Suisse to retain fund of funds operation: By Fund Strategy  05-Jan-2009
Note: This is an updated version of a story first published this morning.

Resolution hires ex-FSA chief Tiner in consolidation drive: By Money Marketing  09-Sep-2008
Resolution founder Clive Cowdery will remain in charge of strategy and transactions, but Tiner joins as chief executive along with former HBOS chief finance director Phil Hodkinson who joins as director.

Pru has no plans to cut final with-profits bonus rates: By Money Marketing  08-Sep-2008
Norwich Union revealed last week that payouts on unitised policies have been reduced by 7.5 per cent and conventional business payouts have been reduced by up to 10 per cent due to poor investment returns.

Standard Life adds BlackRock’s Absolute Alpha : By Barney Hatt  07-Aug-2008
BlackRock’s UK Absolute Alpha fund has been added to Standard Life’s insured product range and its life counterpart to FundsNetwork’s investment bond fund range.

Castlestone plans mixed hedge and equity fund: By Fund Strategy  15-Dec-2008
Castlestone Management plans to launch a Defensive Equity fund, which mixes hedge funds and equity indices.

Tax changes could make UK ‘anti-competitive’: By Barney Hatt  01-Dec-2008
The British Private Equity and Venture Capital Association (BVCA) has criticised the Government's Pre-Budget Report as providing a "disincentive for international investors."

Offshore advisers optimistic despite global market volatility: By Barney Hatt  27-Nov-2008
Financial advisers outside the UK are still seeing resilient business volumes and potential for future sales, despite global market volatility, according to Skandia International (SI).

NDFA unveils Growth Kick Out plan: By Barney Hatt  05-Jan-2009
NDFA has launched its Growth Kick Out Plan December 08, an autocallable product designed to provide exposure to the FTSE 100 index.

Friends Provident offers core and additional fund ranges for corporate pensions: By Money Marketing  05-Jan-2009
The firm says the move is a response to scientific research which indicates that too much choice can act as a disincentive to any investment decision-making.

Arc launches latest Fixed Income Plan : By Barney Hatt  17-Dec-2008
Arc Capital and Income has released a five-year Fixed Income Plan 10, based on the FTSE 100 and S&P 500 indexes.

Hedge fund calls for prohibitive stock borrowing costs : By Barney Hatt  06-Jan-2009
The FSA statement that it has lifted the ban on short-selling but would be prepared to reintroduce it without consultation if necessary has met a lukewarm response from the hedge fund industry.

Hedge fund waives management fees: By Barney Hatt  06-Jan-2009
A multibillion-dollar hedge fund run by Renaissance Technologies LLC's James Simons has waived all its management fees for 2009.

China’s potential remains intact – Hamon: By Barney Hatt  06-Jan-2009
Hong Kong-based asset management firm Hamon Investment Group still has long-term enthusiasm for China and believes its economic potential remains strong despite the recent market fall.

JO Hambro moves into life settlement: By Fund Strategy  19-Dec-2008
Nudgem Richyal, a fund manager at JO Hambro Capital Management (JOHCM), has moved into the life settlement market, an area he says is in early cycle growth.

Barings to lose Japan manager: By Fund Strategy  16-Dec-2008
Baring Asset Management is set to lose its head of Japanese equities, Joji Maki, after deciding to relocate his team to London.

New manager increases mid caps on S&W fund: By Fund Strategy  15-Dec-2008
Mark Pignatelli has turned over 70% of the Smith & Williamson (S&W) European Growth Trust and increased exposure to mid caps since taking over the portfolio in early November.

Skandia International launches adviser tax resources: By Barney Hatt  12-Dec-2008
Skandia International has launched a series of technical documents designed to help financial advisers provide tax advice to international clients.

BNP Paribas targets IFAs: By Barney Hatt  18-Nov-2008
BNP Paribas has announced it is making a "strategic push" into the UK IFA market by launching a range of products and services.

Cofunds boosts intermediary sales team: By Leonora Walters  07-Oct-2008
Investment platform Cofunds has appointed three account managers and two sales consultants to its intermediary support team.

Parmenion service to offer model portfolios : By Fund Strategy  29-Sep-2008
Parmenion Capital Partners has launched an in-house discretionary investment management service.

ifs to offer chartered level accreditation: By IFA Online  02-Nov-2007
The ifs School of Finance is now able to offer chartered level accreditation after being granted approval by the Privy Council. Ifs says attaining its chartered status is the 'pinnacle' of a member's career and can only be obtained by those who

Schools given £11.5m to teach finance: By IFA Online  07-Sep-2007
Government plans to teach financial education in schools took a step closer to becoming reality today after The Treasury announced a cash injection of £11.5m into the scheme. The money, which will be used to teach children "how to open a bank

Look to income, says Peter Hargreaves: By Fund Strategy  06-Jan-2009
Peter Hargreaves, chief executive of Hargreaves Lansdown, is advising investors to buy investments which will lock them into decent income returns in 2009.

Worst GDP growth in 50 years, says Schroders: By Fund Strategy  05-Jan-2009
Schroders has forecast that GDP growth in the developed world will fall by 1% this year, which is its worst performance for over 50 years.

FSA wants to extend short selling disclosure: By Fund Strategy  05-Jan-2009
The Financial Services Authority (FSA) is lifting the ban on short selling of British financial stocks but wants to extend its disclosure regime for short positions until June 30.