Leading fund managers have become more cautious about their expectations for interest rate hikes, with many now expecting any movement in base rates to be postponed until at least 2016.

Walker Crips has hired Ian Amiee as an investment manager.

Paul Abberley has become chief executive of Charles Stanley, replacing Sir David Howard.

LGM Investments (formerly Lloyd George Management) has reopened its LGM Frontier Markets strategy to investors following a dip in assets.

Giles Hargreave has been ranked number one in a report by Tilney Bestinvest looking to identify the top 100 equity fund managers in the UK.

Asset allocators had a torrid time earlier this month as the FTSE slumped below 6,100 for the first time since spring 2013. Here five wealth and multi-managers reveal how they responded.

Brooks Macdonald has grown discretionary assets under management to £6.7bn, according to its first quarter results, with new business topping £100m despite market headwinds.

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.

The sell-off in UK smaller companies has created a far more attractive hunting ground for income seekers than that offered by larger companies, according to Charles Montanaro.

F&C multi-manager Rob Burdett has warned mainstream property funds are holding too much cash following a surge in inflows, making the sector unattractive.