Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.

UK-listed Standard Chartered has said it is close to agreeing a further $330m charge with US regulators to settle accusations it failed to comply with sanctions against Iran.

Jupiter is seeking unitholder approval to convert its European Income fund into a global income vehicle, with Sebastian Radcliffe and Gregory Herbert taking over as co-managers.

Chancellor George Osborne has announced an extension of the UK fiscal austerity programme until 2017-2018 as the government failed to meet some of its debt targets.

Publishing a fund's single-year transaction costs alongside total expense ratios could mislead investors, according to Daniel Godfrey, new CEO at the IMA.

Artemis UK Growth managers Tim Steer and Stephen Yiu have bought into Lloyds as they increase exposure to domestic-oriented stocks and start shorting former favourites.

Prusik has soft-closed the class 2 shares of its Asian Equity Income fund and hard closed the class 1 shares as it restricts capacity to preserve performance.

Barclays' wealth arm is being challenged to show its post-RDR proposals have been given the go-ahead by the FSA, Investment Week understands.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

Santander multi-managers Tom Caddick (pictured) and Toby Vaughan have invested in a UK equity income fund using their UK equity weighting for the first time.