Shares in Schroders have climbed over 1% in early trading on the FTSE 100 as UBS removed its ‘sell' rating and investors grow more optimistic over the asset manager's prospects.

Chancellor George Osborne is set to give incoming Bank of England Governor Mark Carney more powers in a bid to revive the flagging UK economy.

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.

M&G's Graham French has been selling down his exposure to commodities after falling prices and a ‘poorly managed' sector hit the performance of his Global Basics fund last year.

Invesco Perpetual's Neil Woodford has said the fund management industry is "failing" on corporate engagement as he defended his own investment style to MPs this morning.

Politicians should unite to support the "overriding objective" of eradicating short-termism among investors, according to Aberdeen Asset Management CEO Martin Gilbert.

Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the IMA revealed its long-awaited review of the sector last week.

The Financial Services Authority may begin levying multi-million pound fines on fund groups found to be breaching its rules over corporate access.

Jupiter Fund Management has announced a 13% increase in its total dividend for 2012, ahead of analyst expectations, as the group continues to strengthen its balance sheet.