David Jane, founder of Darwin Investment Managers, has shared his top picks for a diversified portfolio amid growing fears investors are becoming too concentrated in some sectors.

North Investment Partners has reported a loss of £389,860 for 2012 after upping investment into its Wealth Solutions service.

The International Monetary Fund has upgraded its forecast for the UK economy this year, despite downgrading its global outlook.

The Financial Conduct Authority (FCA) has admitted the RDR has created unintended consequences for the wealth management industry.

Octopus has appointed former Prudential UK and Europe chief executive Rob Devey as a non-executive director.

Ratings agency Moody's has said it expects US politicians to reach an agreement on the country's debt ceiling, with a default "extremely unlikely".

Former Morningstar OBSR employees Peter Toogood and Gill Hutchison are to join City Financial next month.

F&C multi-manager heads Rob Burdett and Gary Potter have increased their position in Asia from underweight to neutral, despite believing things will get worse before they get better for certain parts of the region.

Every fund experiences periods of underperformance from time to time, but which out of favour fund managers could be about to turn things around?

Ed Rosengarten, head of UK asset management at City Financial, is to leave the firm.