Coram Asset Management co-founder James Sullivan has said he would consider holding 100% cash in his funds if such a move was right for market conditions.

Miton has acknowledged a "difficult" 2014 after posting a £5.5m pre-tax loss for the period.

The FTSE 100 has fallen 1.3% as geopolitical tensions and yesterday's tech sell-off put fresh pressure on UK stocks.

Old Mutual Wealth platform marketing manager Mike Barrett is to join the lang cat consultancy as a consulting director.

Joseph Molloy, global head of index equities at Legal & General Investment Management, has joined HSBC Global Asset Management as head of passive equity.

Global fund managers have warned corporate bonds are the most overvalued they have ever been and are at risk of a sell-off, while liquidity conditions are getting worse.

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

Old Mutual Wealth has hired Openwork's chief executive Mary-Anne McIntyre as chief distribution officer.

Chancellor George Osborne has announced a 'radically more flexible' ISA system in his 2015 Budget, as part of a savings overhaul seen as being beneficial to the investment industry.

Fidelity has proposed an overhaul of conventional methods of comparing tracker funds' performance, saying simply looking at tracking errors can produce 'illusory' results.