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Jack Barrat joins Matterley Asset Management from UBS
Jack Barrat has joined Charley Stanley’s fund division, Matterley Asset Management, as an assistant fund manager.
RBS cuts 1,400 more jobs
The Royal Bank of Scotland says all job cuts will come from administration roles.
Transact tops The Platforum Q2 leaderboard
Transact has toppled Elevate off the top spot in The Platforum Market Monitor for Q2.
Ukip calls for RDR to be scrapped
Ukip MEP Godfrey Bloom also rails against state pension reforms hitting savers who previously contracted-in.
MPs back Arch cru legal battle
MPs George Galloway and Anne Begg backed IFA Centre’s legal case against Capita, but Guy Opperman warned investors may be better off accepting the compensation deal.
Suffolk Life appoints Will Self as MD, David Hobbs moves to Cofunds
Current Suffolk Life MD David Hobbs moves to Cofunds to take the position of managing director of operational services.
Verona Smith quits Cofunds
Cofunds director of marketing Verona Smith is the latest senior member to announce their departure from the platform.
Jobs at risk as Alliance Trust Investments announces fund closures
Alliance Trust is set to close its North American Equity and European Equity funds at the end of June following a review of the business.
FCA to look at if RDR achieved its goal, says supervision director
FCA director of supervision Clive Adamson says the regulator is looking at if the RDR has been a success so far.
Barings: 70% of intermediaries worried about eurozone growth
Intermediaries see eurozone growth as one of the biggest macroeconomic challenges to investment growth over the next six months.
UK investors plan to pour more money into markets, Schroders finds
Over one-third of UK investors plan to channel more money into the markets over the coming 12 months, with equities appearing to be more favoured than bonds.
Morningstar unveils managed portfolios service
Morningstar Investment Management Europe has launched a managed portfolios service offering UK advisers the choice of five risk/reward profiles.
Towry posts £9m profit despite £6.8m cost hit
The exceptional costs relate to FSCS levies and the closure of three offices in 2012.
Skandia adds 40 staff in re-reg push
The platform says it is increasing its efforts to speed up re-registrations.
Garnier calls for TSC inquiry into RDR 'hangover'
Conservative MP Mark Garnier says it is “vital” the Treasury select committee conducts a full RDR “hangover investigation”.
Skandia platform inflows drop 10%
Net inflows fall to £498m from £551m in the first quarter of the year.
Cofunds chief Martin Davis to leave
Davis will be replaced by Legal & General managing director banks and building society partnerships Chris Last.
FCA delays Ucis paper ‘to get it right’
The Financial Conduct Authority has confirmed that its paper on unregulated collective investment schemes will be delayed “to get it right”.
Investment advice firm de-authorisations up 215% in April
Matrix Solutions’ April observatory report shows 187 FCA registered individuals have dropped out of the industry.
Axa Wealth sales up 79%
Firm increases total assets under management 20 per cent, while total business sales rise 79 per cent.
