Former French presidential hopeful Dominque Strauss-Kahn is hoping to raise $2bn to launch a hedge fund.

The Financial Conduct Authority has approved Aberdeen Asset Management's acquisition of Scottish Widows Investment Partnership (SWIP).

Newton has replaced Richard Wilmot on its struggling £2bn Higher Income fund.

Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.

Hargreaves Lansdown's shares rose on news the government is set to increase the personal ISA allowance to £15,000, whilst life insurers including Legal & General suffered a brutal sell-off, after Chancellor George Osborne unveiled the latest Budget....

Chancellor George Osborne unveiled a "dramatic" change in the ISA system in today's Budget.

People looking to establish tax avoidance schemes will have to pay due taxes to HMRC upfront before applying to get it back through the courts, Chancellor George Osborne has announced.

Old Mutual Global Investors head of fixed income Christine Johnson has said Bank of England Governor Mark Carney may surprise markets by raising interest rates later this year, rather than the 2015 consensus.

Resolution founder Clive Cowdery and CEO John Tiner are to stand down as non-executive directors following the firm's annual general meeting in May.

Standard Life Investments has soft-launched a more aggressive version of its £20bn Global Absolute Return Strategies (GARS) fund and will roll it out widely in the next few months.