GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.

GLG Partners is to soft close Stephen Harker's GLG Japan CoreAlpha strategy, two years after it reopened to investors, following a huge climb in AUM, Investment Week can reveal.

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.

Aberdeen Asset Management today said outflows from its business had slowed significantly following a sustained period of redemptions, with the group also seeing better than expected flows from recent acquisition SWIP.

‘OCF is not the final step’

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

A financial advisory business can permit its advisers to refer clients to specialist colleagues within the company and remain independent, following an about-turn by the Financial Conduct Authority (FCA).

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Fidelity Worldwide Investment has cut fees on its passive multi-asset range in another aggressive pricing move.

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.