Legal & General Property has hired a trio of asset managers for its UK Property fund as strong flows see assets surpass £2bn.

Gervais Williams, manager of the Miton UK Smaller Companies fund, has said negative sentiment towards small caps has delayed plans to double the number of stocks in the portfolio.

Smaller fund firms have been left in limbo as delays in finalising dealing commission regulations leave them unsure of the future of their businesses.

Standard Life Investments has expanded its multi-asset team with the hire of BNP Paribas' Gerry Fowler.

Platform group Allfunds Bank has hired Simon Shapland to head up its UK and Ireland business, following the departure of UK managing director Stephen Mohan.

Wealth managers are being trapped in the tricky position of responding to nervous clients' demands to hike cash weightings in portfolios, while at the same time trying to meet their growing income requirements.

First State Stewart expects to rebrand its funds this September following its decision to split its business in two on 1 July.

Jupiter is to merge its Jupiter Undervalued Assets fund into the Jupiter UK Growth fund from 3 July.

Wealth management firm Myddleton Croft has promoted former BNY Mellon/Newton retail sales head Julie Jones to managing director, as chief executive David Cowell moves to a chairman role.

Wealth manager Towry is again considering plans for an initial public offering, according to reports.