AXA Investment Managers is to merge its Framlington Equity Income fund into the Framlington Monthly Income fund, subject to unitholder approval.

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.

Why First State Stewart split is worth a closer look

The ten funds getting biggest boost from BG deal

Jupiter UK Growth co-manager Ian McVeigh is to step back from day-to-day management of the £1.4bn portfolio as he takes a corporate governance role at the group.

UK-listed energy stocks have rallied strongly in early trading as investors look for more M&A activity in light of Shell agreeing a £47bn takeover of BG Group.

FinnCap broker and former City AM diary editor Victoria Bates has joined Liontrust as the third fund manager on its Economic Advantage team.

Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.

Investec Wealth & Investment is to launch an online simplified advice service later this year and has appointed Jane Warren to oversee the launch.

Latest complaints data published by the regulator has revealed a record number of second half complaints over investment products, driven by a rise in reports focusing on unit trusts and OEICs.