Aviva Investors is preparing to launch a range of three new funds to rival SLI's GARS strategy, under the leadership of new CEO Euan Munro.

Fund groups are set to come under fresh pricing pressure ahead of the ‘death' of AMCs, JP Morgan Asset Management's Jasper Berens has said.

The smallest discretionary fund managers in the UK market could be vulnerable to a fresh wave of takeovers by larger rivals, new research has suggested.

Novia's profits rose sharply last year after the group received a boost from the sale of its Novia Investment Services arm to Aegon.

The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets, analysis has found.

Skandia shows its hand in fund group negotiations

The European Central Bank has cut benchmark interest rates to a new historic low of 0.15% as it acts to stimulate economic growth and stave off another downturn.

SLI's Clark: ‘If people want to emulate what we did with GARS, they are welcome to try’

Discretionary fund managers are failing their customers by adopting opaque and expensive charging structures, according to a damning report.

Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.