Investment Trusts

The board of Harry Nimmo's £163m Standard Life UK Smaller Companies trust has axed its performance fee, in a move to offer a transparent charging structure ahead of the impending Retail Distribution Review (RDR).

F&C has launched a Junior ISA, giving access to its range of investment trusts for the 2012-2013 tax year.

WHAT'S HOT

Principal Investment Management has placed a number of veteran UK income managers onto its infamous Black List of funds, part of the group's latest Income Study.

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

The gearing and mid/small cap bias of Anthony Bolton's Fidelity China Special Situations trust have raised questions over its suitability for retail investors, Winterflood Securities has said.

The Investment Management Association (IMA) is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.

INVESTMENT TRUSTS

Invesco Perpetual's Neil Woodford has said he expects profit warnings will come "thick and fast" in the near term after identifying them as a key risk to markets in the current environment.

Fund supermarkets still face number of obstacles before rolling out their investment trust (IT) propositions, according to J.P. Morgan Asset Management.