BlackRock launches top 20 S&P 500 ETF
The fee is 0.2% and the ticker is SP20
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Chancellor to unveil plans to merge local government pensions into ‘mega funds’
Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’
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PEOPLE MOVES: AJ Bell, Quilter Cheviot, RLAM, PGIM, Chelverton, Oberon
Ian Aylward joins from Barclays Wealth
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AJ Bell reduces charges for multi-asset income range
Fee reduced 15 basis points to 0.50%
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Invesco staying defensive with fixed income overweight as tariff headwinds loom
Quality and low volatility characteristics expected to outperform
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IA: Investors pulled £2.4bn from equities ahead of Budget
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association