Investment

INCLUDING: UK - New manager at Morley; US - Commodity index to underlie ETF; IRELAND - New head of compliance at Pensions Board

Draft pension transfer value regulations would create a "charter to rip off ex-members", Standard Life claims.

BNY Mellon Asset Manage-ment has added two new funds to its Evolution range.

A 14pc jump in Harrods sales is evidence that the luxury goods sector is a sound investment opportunity, Taylor Young Investment Management believes.

Total returns for property in regeneration areas outperformed Investment Property Databank's All Property Index over the last five years.

RREEF Infrastructure has announced the final close of its pan-European infrastructure fund with total commitments in excess of e2bn (£1.3bn).

FIDELITY INTERNATIONAL has moved forward plans to build a Scottish-based UK equities team by appointing David Urch as a second portfolio manager.

UK property investors are looking to Europe, which offers better returns and less risk than their home market, a fund manager claims.

SCHRODERS' asset management business registered an 18pc increase in gross profit driven by strong sales in the institutional market.

Royal London Asset Management has launched a UK smaller companies fund that will target firms outside the FTSE350.