JPMorgan launches low-cost active fund

JPMorgan has launched a low-cost active managed fund, designed to challenge the passive market.

The JPM UK Active Index Plus Fund, a rebrand of the JPM UK Active 350 Fund, will charge a Total Expense Ratio (TER) of 0.55 per cent.

Record FSA fine for JPMorgan

JP Morgan Securities has been slapped with a record £33.32 million fine from the City watchdog for failing to protect billions of dollars of client money over a six-and-a-half year period.