The Investment Management Association is to merge with the Association of British Insurers' investment affairs unit in a bid to give fund managers a single, stronger representative voice.

The Nasdaq index suffered its worst day since 2011 yesterday, dropping over 3% as investors continued to switch out of technology and biotechnology holdings.

Jupiter has reported net inflows of almost £550m in Q1 and hired former Kames distribution head Martin Harris to lead its institutional business.

Jupiter has hired former Kames Capital distribution head Martin Harris to lead its institutional business, Investment Week can reveal.

The UK's FTSE 100 index has fallen another 1% today as concerns over US tech companies and a variety of stock-specific issues hit returns for a second day running.

The IMA has said it will ensure the UK Equity Income sector does not become "unrepresentative" as other funds look set to follow Invesco Perpetual High Income out of the peer group.

Artemis fund managers Adrian Frost and William Littlewood have upped their positions in UK life insurers after shares were hit hard by the Budget and the disclosure of an FCA probe into the sector.

Royal London Group chief executive Phil Loney has called on the industry and regulator to come up with a "new form of advice" to service those at point of retirement and meet the challenge set by the Chancellor.

Threadneedle is to team up with South Africa's STANLIB to launch a range of Africa-focused strategies including a frontier markets fund.

Aberdeen is to implement "significant" additional cost savings after emerging market woes saw it suffer £3.9bn in net outflows for the first two months of 2014.