Latest News - Alex Steger
Trump picks Powell to succeed Yellen as Fed chair
Yellen becomes the first chair in recent history not to serve a second term in the position.
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.
CIO Tapes 2: two warnings and a lot of optimism
Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too
Standard Life chief: in 10 years most people will get advice online
Standard Life is developing a digital service in preparation for a future where the vast majority of advice in the UK is delivered online, with face-to-face playing 'back up' role, according to its chief executive.
Adviser Profile: Mark Dolby and Chris Shaw of Beaufort Financial (Reading)
Mark Dolby and Chris Shaw have embraced cashflow planning at Beaufort Financial (Reading) to help clients take advantage of the pension freedoms. Through their hub model, they now plan to take the firm to the next level.