Bill Gross's $285bn Pimco Total Return fund led falls among the world's most popular bond portfolios after the Federal Reserve prompted a global sell-off by indicating it may start tapering its QE programme.

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There had been strong hints the new financial services regulator, the FCA, was preparing to make the right decision about whether VCTs and EIS could be sold to ordinary retail investors.

Well-known economist Roger Bootle stands to make tens of millions of pounds from the potential sale of his consultancy Capital Economics, in a deal which could value the group at £50m-£70m, according to reports.

Fund management groups and wealth management firms can start entering now for our Gold Standard Awards 2013.

The British Chambers of Commerce(BCC) has upgraded its long-term growth forecast for the UK, but warned the economy still faces domestic and overseas challenges.

Charlie Eppinger, chairman of Cofunds, will step down with immediate effect following the completion of the platform's acquisition by L&G.

Turkey's credit rating has been lifted to investment grade by Moody's for the first time in two decades, in recognition of reductions to its debt and current account deficits.

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, reported assets under management rose by 8% in Q1 to £74.5bn, driven by a stronger performance in areas like its international business.

The International Monetary Fund(IMF) has warned strong capital inflows into Asia have increased the risks from rapid credit growth and rising asset prices.