UK - Liontrust Asset Management has been dropped from MM Asset Management's UK equity line-up.
The multi-manager arm of Threadneedle Investments, which was formerly known as Attica Asset Management, has replaced Liontrust with Baillie Gifford, the independent Scottish fund manager. MM declined to say why it had replaced Liontrust, which has been with the firm since its inception in June 2000.
Baillie Gifford joins Schroder Investment Management and SG Asset Management on MM’s UK equity line-up.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.