The latest News news for investment advisers and wealth …
5 days ago · FCA and PSR appoint barrister to chair pair of regulatory decision-making committees. To replace Tim Parkes. 01 November 2024 • 1 min read. 1 2 3. The latest News articles from Investment Week - Page 1.
Hargreaves Lansdown launches three 'ready-made' portfolios
26 January 2023 • 1 min read. Hargreaves Lansdown has launched three fund of fund portfolios which it sees as an “easy solution for those unsure how to start investing”, Investment Week can reveal. The funds, which the firm is calling 'ready made', will have a mixture of third-party funds, ETFs and Hargreaves Lansdown building block funds.
LondonMetric completes £1.9bn merger with LXi REIT
Mar 6, 2024 · LondonMetric has issued over 942 million shares today (6 March) after completing the £1.9bn acquisition of fellow real estate investment trust LXi REIT. The merger creates the fourth-largest UK REIT by market cap, and according to Peel Hunt, LondonMetric to the edge of the FTSE 100, as well as delivering a "step-change" in earnings and dividends.
FCA completes all Woodford investigations but still no end in sight
Sep 26, 2024 · Speaking at the FCA's annual meeting today (26 September), Therese Chambers, joint executive director of enforcement and market oversight, said all investigations from the regulator had been concluded, but the saga is still far from over more than five years on. Chambers explained that Woodford and Woodford IM were served a formal warning ...
Bestinvest’s spots fewest dogs in six years
08 August 2022 • 4 min read. The number of underperforming funds in Bestinvest’s biannual ‘Spot the Dog’ report has fallen to a six-year low thanks to a value resurgence and growth’s long-term outperformance. The latest edition of the report identified 31 so-called ‘dog funds', down from 81 in the previous report.
How the pensions industry dealt with the LDI crisis
Oct 3, 2022 · Cardano's Kerrin Rosenberg says it was 'no surprise' that the LDI system could not cope. The events of the past few days have rocked the UK pensions world. We saw a sharp increase in gilt yields which led to a fire-sale of assets and liquidity squeeze just days after the new chancellor Kwasi Kwarteng announced his controversial Mini Budget.
Marlborough rebrands business in 'ambitious' growth drive
Dec 5, 2023 · The group said the change was in response to client and staff demand, aimed to make working with the financial services group more straightforward. Marlborough Group gets £5.5bn ACD mandate from Evenlode Under the changes, all the services will be featured on a single website, and email and phone enquiries will be managed by one group-wide ...
Hargreaves Lansdown co-founder claims takeover 'not the …
28 August 2024 • 2 min read. Stephen Lansdown, one of the co-founders of Hargreaves Lansdown, has argued the price agreed for the private equity takeover of the UK’s largest investment platform is “questionable”. Lansdown, who co-founded HL alongside Peter Hargreaves in 1981, told The Times the deal: "Gives the company a new lease of life.
Global fund managers most bullish in two years as growth …
Feb 13, 2024 · Global investors have expressed their “most bullish” sentiment since January 2022, according to the Bank of America’s latest Global Fund Manager survey. Sentiment rose to 4.1 from 2.9, based on cash levels, equity allocations and economic growth expectations. A record low, close to 0, was registered in the aftermath of the collapse of ...
Waystone Group completes acquisition of Link Fund Solutions
Oct 9, 2023 · Waystone Group has completed the acquisition of Link Fund Solutions’ UK and Irish business, as all regulatory and contractually conditions have been satisfied. The completion of the deal marks the meeting of a significant condition to release the potential settlement for investors in the former Woodford Equity Income fund, if they vote in ...