Funds

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Peter Mann is to retire from Old Mutual Wealth in the middle of 2014.

Activist investor Edward Bramson has added to his stake in Electra for the second time in a week, making a 10% profit in the process.

Direct platforms - all the rage since the start of the year - need not be seen as the enemy by advisers

Platforms attempting to dodge the cash rebate ban by paying consumers units in a cash fund would be acting in an 'incredibly foolish' manner and going against the spirit of the rules, Fidelity has warned.

Jeremy Tigue is to step down from the £2.4bn Foreign & Colonial trust as he prepares to retire at the end of the year.

Invesco Perpetual is launching a new discounted share class for five of the UK's largest platforms, offering their users cheaper access to its fund range, Investment Week can reveal.

Platform Allfunds Bank has appointed Anna Graziano from technology company Calastone as head of operations and proposition, completing its UK team.

Hargreaves Lansdown has confirmed a number of its new discounted fund deals will be subject to HMRC's rebate tax, with only 9 of the 27 funds on its Wealth 150 Plus list available via preferentially priced share classes.

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