Hawksmoor temporarily suspends sustainable portfolios in anticipation of SDR amendments
The firm is awaiting the FCA’s decision on proposals regarding extending SDR to apply to portfolio managers
Industry
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UK inflation stays at 2.2% in August – but a rate cut still seems unlikely
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
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CFA UK chief executive steps down after 18 years
Will Goodhart will step down in early 2025
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Six in seven advisers have clients going leveraged long on stocks or shorting
Four in five advisers expect their clients’ use of leveraged ETPs to increase
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Brooks Macdonald acquires Norwich-based financial planner
The IFA firm has £890m in assets under advice across 1,600 personal clients
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Aviva Investors backs King’s College Consumer Duty and SDR course for IFAs
Understanding the new requirements and help deliver sustainable outcomes
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Newton multi-asset deputy CIO Paul Brain retires
Brain, who previously led Newton’s fixed income team, retires after 40 years as an investment manager
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APPG on Investment Fraud and Fairer Financial Services elects new members
Conservative MP Bob Blackman continues as co-chair, joined by Labour’s Sam Rushworth
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Ebi launches passive ESG MPS range
The 11 new impact portfolios ‘seek to generate positive, measurable, and sustainable social and environmental change, alongside a financial return’
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PEOPLE MOVES: Aegon AM, Schroders, Abrdn, Amundi, Lazard AM, Goodhart Partners, Jupiter AM
Richard Oldfield steps into CEO role
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FE fundinfo snaps-up AdviserAsset
AdviserAsset offers a range of tools for financial advisers
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results