Legal & General Investment Management's Richard Hodges will take on the management of three additional fixed income funds totalling £2bn in assets, after existing manager Michel Canoy opted to exit the business.

In smaller companies investing, there are few managers more high profile or successful than Standard Life Investments' Harry Nimmo.

Stamp duty on Exchange Traded Funds (ETFs) is to be abolished from April 2014 in a bid to encourage more firms to domicile products in the UK.

Investment trust buyers are selling their infrastructure holdings, rotating into open-ended vehicles or exiting the sector entirely as premiums hit record levels.

T Bailey has cut the charges on its three multi-manager funds from 75bps to 60bps, as well as renaming two of the funds.

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

The Royal Bank of Scotland is facing a criminal investigation over allegations the bank forced small businesses into default, according to reports.

Aberforth founder and fund manager David Ross is to retire in May 2014 after leading the firm for nearly 25 years, Investment Week understands.

Prudential has unveiled a range of clean share classes on its multi-asset funds, initially available on the Standard Life and Aviva platforms.

Standard Life Investments' Ed Legget reveals how he has returned over 300% in five years to investors, why he is selling banks, and why now is the right time to return to the mining sector.