Best Practice | 17 Apr 18
SJP among firms targeted on diversity
St James’s Place, Provident Financial and several investment trusts are among a raft of FTSE companies the Investment Association has written to demanding an explanation for poor gender balance at executive level or risk a shareholder mutiny.
Schroder UK Growth board ditches Schroders for Baillie Gifford
The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.
Investment | 10 Apr 18
Multi-managers abandon property for absolute return
Multi-managers are shunning UK commercial property funds in favour of absolute return vehicles to avoid correlation with equities and fixed income, and improve portfolio liquidity.
Zurich sells Openwork stake in early exit
Zurich has sold its 25% stake in Openwork two years earlier than expected, handing majority ownership to the IFA network’s partners.
FCA to probe Aviva £450m share U-turn
The Financial Conduct Authority is to investigate insurance giant Aviva over whether its plan to cancel preference shares was market abuse.