F&C

F&C multi-manager Richard Philbin has quit the firm to join a new Axa-backed investment management business.

F&C Asset Management recorded a 28% increase in UK retail net sales in 2007, despite the industry-wide decline.

F&C has warned investors to ignore the £7,000 annual ISA allowance at their peril, despite the turbulent start for equities this year.

F&C has delivered some enticing 2007 results for potential bidders, notching up record UK retail fund sales.

F&C is stressing the importance of fund manager selection after its research showed just 12 funds out of 245 in the UK All Companies sector were able to outperform the median return in each of the past five years.

Friends Provident could offload its 53% stake in asset management firm Foreign & Colonial, according to national newspaper reports over the weekend.

Ted Scott has dismissed investor concerns leading into 2008, saying shares are set for a good year.

F&C's European manager Davina Curling has decided to quit the company after just returning from a year's maternity leave.

Well-known fund managers Mark Williams, Phil Cliff and Jon Greenhill have united to help set up a new asset management firm called Occam.

F&C fund manager Ted Scott says he has reduced holdings in Northern Rock in the wake of its market struggle but maintains he is confident in the banking sector as a whole.