News

The government has sold a further £500m of Lloyds Banking Group shares through a trading plan launched in December, taking the total amount of money recovered for the taxpayer from the bank to just under £8bn.

The Investment Association (IA)'s plans to overhaul how funds' past performance is calculated has sparked debate among investment managers.

Wages are set to rise above inflation this year for the first time since 2007, according to economists at Ernst & Young.

The Financial Conduct Authority (FCA) has said European dealing commission reforms will benefit fixed income funds, but market participants remain uncertain of the impact of the changes.

Standard Life Investments' chief executive Keith Skeoch was paid £5.2m in 2014 as the business' AUM jumped by 45% last year.

Tilney Bestinvest has named nine funds that have consistently earned its top fund rating over the past five years.

The Financial Conduct Authority has ruled out conducting a study into competition in the platform market - despite industry concerns - but is planning closer scrutiny of fund groups.

Assets under administration at Standard Life's wrap platform rose by 26% last year to move above £20bn for the first time, the firm has said.

Two natural resources managers have said commodity-related equities have now reached a floor following several months of falls.

Hedge fund manager Man Group has agreed to acquire fund boutique NewSmith for an undisclosed sum.