Suggested replacing incentive share awards
Ousted IA chief plans investment management role
Mark Barnett and Richard Woolnough funds proving both popular and unpopular with advisers and investors
Mixed fortunes: Which fund groups soared in H1?
Investors have taken £2.7bn of their money out of M&G's flagship Optimal Income fund in three months after weaker performance due to manager Richard Woolnough's cautious stance.
Richard Woolnough, manager of the £24bn M&G Optimal Income fund, says he is at a loss to understand why the US is holding off on raising interest rates.
M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.
Why, when it comes to fund size, bigger is rarely better