Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.

The British Assets trust will be renamed BlackRock Income Strategies if proposals to overhaul the company are approved by shareholders.

Hedge fund Everest Capital has closed its largest fund after sustaining heavy losses on the Swiss franc's dramatic move last week.

M&G should focus on Recovery, not Global Dividend

Indian equities stood out in Asian trading overnight after the Reserve Bank of India (RBI) announced a surprise cut to interest rates in order to combat falling inflation.

The Financial Conduct Authority (FCA) has cancelled an advice firm's permissions after it failed to submit regulatory returns.

Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.

Mark Roomans has been promoted to chief executive of Morningstar UK as Geoff Balzano steps back to focus on his role as head of adviser solutions.

The price of a barrel of Brent crude oil has dropped to below $46 in early trading, a fresh six-year low, as the commodity's collapse showed no sign of slowing down.

Former Scottish Widows Investment Partnership (SWIP) Mark Benbow has joined Kames Capital as an investment analyst in its high yield bond team.