Latest News - Alex Steger
BlackRock cuts fund managers as trackers advance
Investment giant responds to threat from cheap, index-tracking funds by reducing reliance of its US business on human stock pickers.
Pimco pays Bill Gross $81m to end long-running legal battle
Pimco has agreed to pay Bill Gross $81 million to end a long-running legal battle.
Standard Aberdeen: fund giants agree stunning £11bn merger
Standard Life and Aberdeen Asset Management have agreed to a merger, which will create the largest asset manager in the UK.
Trump offers active managers hope in passive battle
Donald Trump’s surprise US presidential election win has already subjected certain sectors to fluctuation, but his defiance on financial regulation could impact the industry most.
Pimco pays $20m to settle ETF charges
Pimco has agreed with the Securities and Exchange Commission to pay $20 million to settle charges that it misled investors about the performance of one its first actively managed ETFs.
Trump win: Citywire's view from New York
No other countries do an election quite like the USA. And this election was like nothing else.
Fed holds rates but edges closer to December hike
The Fed held rates for September but said to expect one increase before the end of the year. However, not every fund manager is convinced.
USA looks to RDR for advice market shake-up
The US fiduciary rule will have similar effects to the UK’s retail distribution review, but robos and passives stand by to make the most of the changes.
Aussie regulator ruled out of race for FCA top job
The shortlist of candidates to be chief executive of the Financial Conduct Authority is getting shorter by the day as yet another leading contender has been ruled out of the race to run the regulator.
Goodbye and good luck for the future
This is my last week as editor after six great years working on the magazine and website. Thank you so much, and I wish you all well for the future.
Retreat 2017: How advisers approach DB transfers
Three advisers told New Model Adviser® at the 2017 Retreat how the approach the growing demand for DB pension transfers.
Retreat 2017: We can't risk undermining pensions with DB scandal
LEBC public policy director Kay Ingram sets out her concerns about DB pension transfers.
Adviser Profile: Ed Fairey of Fairey Associates
Ed Fairey took a colourful road to financial advice but his firm, Fairey Associates, has made all the right moves to this week achieve chartered status