The Investment Management Association (IMA) will rename the Absolute Return sector as the Targeted Absolute Return sector as it completes a long-awaited review of the space, Investment Week can reveal.

Standard Life Wealth (SLW) is to pay up to £83.5m for Newton's private clients division, adding an extra £3.6bn in assets under management to its business.

Artemis Global Select managers Simon Edelsten and Alex Illingworth have bought into a Burma-focused real estate firm as they take advantage of an increasingly accessible market.

The UK should still be a AAA credit by current definitions as the risk of a default is virtually non-existent, Henderson's Simon Ward has said.

Brewin Dolphin is planning to increase the number of open-ended funds it recommends to clients by 25% in the coming months as it seeks to provide more income plays.

Moody's decision to strip the UK of its AAA credit rating on Friday night will have a further negative impact on sterling and could hit gilts too, analysts have suggested.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

In a low-rate world, the feverish scramble for yield means the equity income story has been well-flagged to investors in recent years, but are key shares now reaching an unsustainable peak?

The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.