L&G

UK property fund managers are being forced to hold above-average levels of cash as money continues to flood into the IMA Property sector.

L&G's asset allocation team predicts the most likely date for an interest rate rise will be May 2015, despite a clash with next year's general election.

L&G UK Alpha trust manager Richard Penny has set a £500m cap for the fund as it rises up the performance tables.

L&G is to reduce ongoing charges by up to 55% on selected retail index funds in the latest sign of price pressure in the passive investment space.

Valuations of interest rate sensitive cyclicals have started falling, so are rate rises already discounted in share prices? L&GI's Richard Penny explores.

Other large caps may follow Tesco in cutting dividends

Platforms

UK investors back challenger banks

L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.

The price war in the passive space continues to rage but some providers refuse to play ball, offering trackers with fees as steep as active funds.