Bestinvest

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

The merged Bestinvest and Deutsche Bank wealth management business will operate under the Tilney for Intermediaries brand in the B2B market.

The industry's most concentrated funds have comfortably beaten their more conventional rivals over all time periods, new data has revealed.

As the latest figures from the IMA show Absolute Return funds have seen their highest retail sales for over four years, Standard Life Investments' phenomenally successful GARS fund is starting to face more competition from peers.

Deutsche Asset & Wealth Management (DeAWM) has agreed to sell Tilney, a subsidiary of its wealth management business in the UK, to Permira, which recently bought Bestinvest.

The latter half of 2013 saw some of the most bearish market participants capitulate and confess they were turning more bullish, unable to resist the pull of soaring equity markets.

Hargreaves Lansdown has topped the Platforum's first list of Britain's best D2C platforms despite charging a higher price than many competitors.

Bestinvest looks set to target the mid-tier SIPP market after revealing a clean pricing model beginning at 30bps for SIPP accounts below £250,000.

Three M&G funds including Tom Dobell's giant Recovery fund have been added to Bestinvest's 'dog list', making up more than half of all assets listed.

3i Group has sold its stake in Bestinvest to private equity firm Permira for an undisclosed sum.