Lloyds Banking Group is finally beginning to look attractive again for income managers as it restarts dividend payments for the first time since the crisis.

Monetary policy changes have prompted Parmenion to adjust the European and UK equity weightings in its tactical portfolios.

Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.

Invesco Perpetual has promoted Asad Bhatti to join Paul Causer and Paul Read in managing the firm's high yield fund.

Henderson Global Investors saw net inflows almost triple in 2014, taking its AUM above the £80bn mark, but noted the business faces regulatory challenges this year.

Aviva head of platform Tim Orton says a D2C self-service proposition is "still on the cards" for the firm but ongoing regulatory guidance is delaying advisers' potential use of the offering.

The Financial Conduct Authority (FCA) has fined Aviva Investors £17.6m for failings in how it managed conflicts of interest.

'Wealth managers have a lot to learn from supermarkets'

Hargreave Hale is to expand its reach with the opening of a new office in Norwich, led by two former Brewin Dolphin investment managers.

The volume of assets held in underperforming funds has fallen by a quarter, although the number of funds has increased, according to Chelsea Financial Services' latest RedZone list.