Fund administration

Somerset co-founder to take over as lead manager

Hugh-Smith departs

Both ceremonies take place on 3 October

Tim Mortimer, managing director at Future Value Consultants, explains how the requirement for asset managers to display future performance simulations on their fund literature under PRIIPs regulations has created problems.

Also founder of Ascentric

Fund administration firm Maitland has boosted its assets under administration from £6.2bn to £140bn by acquiring UK business Phoenix Fund Services.

The transition management industry does not warrant large-scale Financial Conduct Authority (FCA) intervention despite State Street being fined almost £23m for overcharging clients.

St James's Place has selected IFDS to administer its protection, investments, pensions and collectives business.