fund managers

The government is to crack down on investment managers "disguising guaranteed fee income as capital gains", as part of anti tax avoidance measures outlined in the Autumn Statement.

Just 12% of the general public trust the fund managers, according to a new report by PwC which ranks the industry below retail and investment banks in terms of trustworthiness.

Fund management groups are tightening rules around investing in Russia, in some cases discouraging portfolio managers from adding to positions.

Newly-launched boutique Sanditon Asset Management, formed by ex-Cazenove managers Tim Russell and Chris Rice, is poised to launch an investment trust within the next four weeks.

The Financial Conduct Authority is to launch an investigation in to 30 million insurance policies sold across three decades, looking for signs they were "unfair" to customers, according to reports.

ING Investment Management plans to launch two funds in April in order to give UK and European investors broader access to its debt strategies.

Nikko Asset Management has appointed a global head of multi-asset in a bid to speed up the product development process.

Henderson Global Investors has promoted two members of its retail fixed income team to manage bond funds alongside John Pattullo and Jenna Barnard.

EU policymakers have agreed a deal on pay in the asset management industry which includes a requirement that fund managers be paid half of any bonuses in units of their own funds.

Brown Shipley has promoted Kevin Doran to chief investment officer after Peter Botham moved across to a new role focusing on the company's IFA business.