Wealth management firms are making final preparations for the introduction of US tax regime FATCA as the 5 May registration deadline approaches.

L&G Investments is to make two further hires for its fixed income team following news of the departure of manager Richard Hodges, who will leave the group in October.

RenAsset's Plamen Monovski has argued an equally weighted fund is the most effective way to invest in emerging markets, but said the concept has yet to gain much recognition.

Pfizer has revealed it was rebuffed once again by AstraZeneca over the weekend about a potential takeover of the UK company, with the latter's shares soaring in early trading today in reaction.

The rise in special dividends from groups including Vodafone has led to a record quarter for dividend payments, although dividend growth slowed excluding the telecom giant's bumper payout.

Vince Cable has attacked the salaries paid to the executives at the top of FTSE 100 companies and warned the government may intervene if boards do not rein in 'excessive' payouts.

FUND MANAGER FOCUS

Twentyfour Asset Management has hired Pierre Beniguel as a new portfolio manager for its credit team.

HSBC Global Asset Management and Lloyd George Management have soft-closed their popular frontier markets strategies as the asset class sees a surge in inflows, Investment Week can reveal.

Tesco's share price rise this morning has failed to tempt UK equity managers to buy in to the troubled retailer, with leading investors continuing to avoid the stock and the wider sector.