Investment Management Association figures for January 2014 reveal that equities were the best selling asset class for the 10th month in a row with Target Absolute Return the top sector.
The FCA says that the major retail banks have either replaced or made substantial changes to financial incentive schemes which played such a major role in the mis-selling scandals of recent years but one in 10 firms still retains "higher risk" incentive schemes.
Paul Niven is to take over the reins as the manager of the £2.6bn F&C Investment Trust (FCIT) from 1 July, replacing veteran Jeremy Tigue who has decided to step down after 17 years as FCIT fund manager and 33 years with F&C.
Thesis Asset Management has increased its exposure to value-style investing across its Optima range of portfolios as the market outlook continues to improve.
Nigel Green, chief executive of global financial advisory firm deVere, has forecast that a growing number of retirees will consider "higher risk-higher return investments" as a result of the Bank of England's February statement that interest rates are likely to remain low until the end of the decade.
The fall out from the failed investment fund range Arch cru, which has left advisers with a £32million compensation bill, is continuing as about 900 investors take legal action.
The Confederation of British Industry has expressed concerns with the Pensions Regulator over its latest draft Code of Practice for funding defined benefit pension schemes.
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