Global Absolute Return News Today

Polar Capital, the specialist fund manager, has reported an uptick in assets under management (AuM) in the last quarter.

In the week that was THE week (i.e. Consumer Duty day), our biggest news story was findings that advisers hold concerns over the affect the new regulation may have on the advice gap.

Catch up on Money Marketing's most popular stories this week. SJP announced a reduction in charges for 14 of its funds and Evelyn Partners completes succession deal. Read more below:  SJP slashes charges on 14 funds St. James's Place (SJP) announced a reduction in charges for 14 of its funds in its annual value

A dozen St James’s Place funds have delivered “insufficient value”, the wealth manager’s latest assessment of value report has found.

St James’s Place (SJP) has reduced charges on 14 of its funds according to its annual value assessment published today (31 July).

St James’s Place is making changes to the manager line up on two of its funds, while expanding the remit of two others, effective from 31 July.

Telegraph Money examines its charging structure – and long-term performance

Abrdn’s Aymeric Foster has left the firm after four years as it conducts a strategic review into the £180bn unit he oversaw.

Assets under management have continued to shrink at Polar Capital as a combination market selloff, outflows and performance combine.

Invesco has appointed Georgina Taylor as the new head of multi-asset as David Millar retires following a three decade-long investment career.