Fidelity's Alex Wright is backing Barclays to begin its turnaround in earnest following last week's dismissal of chief executive Antony Jenkins.

Thomas Miller Investment has launched a Diversified Assets fund in a bid to offer uncorrelated returns to investors.

Dexion Capital has been acquired by Australian boutique fund manager Fidante Partners for £19.6m.

Neil Woodford has criticised Chancellor George Osborne's cut to tax breaks for renewable energy after shares in his holding of Drax fell by over a quarter.

Neptune has promoted Charlie Parker to head of distribution, just over a year after the former journalist joined the fund house.

The second quarter of 2015 proved to be as eventful as the first for the wealth management space, as M&A, bid rumours and restructurings continued to take the headlines.

The Dow Jones fell to a five-month low last night, with traders having earlier been rattled by a four-hour long suspension of the New York Stock Exchange.

Investors will be able to withdraw and reinvest cash held in stocks & shares ISAs without affecting their annual limits as of April 2016, the Treasury has said.

Chancellor George Osborne is to publish a green paper seeking feedback on a plan to make "pensions more like ISAs".

Chancellor George Osborne has announced new rules to abolish permanent non-domicile status in today's emergency Budget.