Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.
Investec's Wealth & Investment saw operating profit leap 35% in the six months to 30 September after enjoying £400m in net flows.
Salamanca group, the merchant banking and risk management business, has acquired the Investec Trust group of companies from Investec Bank for an undisclosed sum.
Old Mutual Global Investors has become the latest fund group to agree super clean share class terms with Standard Life, an arrangement extending across its entire fund range.
There still remains a considerable knowledge gap for some advisers about structured investments, even amongst those advisers who are regular supporters of the products.
Former Investec energy specialist Mark Lacey is to join Schroders.