The Financial Conduct Authority (FCA) spent £3.3m on overseeing the Retail Distribution Review (RDR) last year, according to its annual accounts, a 37.5% increase on the cost of the rule change before implementation.

The Financial Conduct Authority (FCA) is in "active discussions" with one asset manager on client redress after a review of fund managers' use of dealing commissions found widespread failings.

UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.

Insight Investment's flagship Equity Market Neutral fund is planning to increase its exposure to European equities following the hire of portfolio manager Gareth Jenkins.

Neil Woodford's top ten holdings in his Woodford Equity Income fund contain few surprises, with AstraZeneca, GlaxoSmithKline and British American Tobacco the three largest positions.

Zurich is not interested in participating in a platform price "race to the bottom", its head of retail platform strategy has said.

Ian McVeigh and Steve Davies, managers of the £1.1bn Jupiter UK Growth fund, have said domestic investors should be wary of a number of ‘disruptive events' which could impact share prices over the next 12 months.

Aviva Investors' Robin West has joined Invesco Perpetual's UK equity desk as the company bolsters its team following recent departures.

The St James's Place UK High Income fund and two other portfolios have become the latest to exit the IMA UK Equity Income sector for failing to meet yield requirements.

Ashcourt Rowan has posted a pre-tax loss of £2m for the year to 31 March but said it is "on the brink of realising potential value" after a return to profit in the second half.