Franklin Templeton has hired former Insight and Armstrong manager Toby Hayes to manage a new multi-asset range, Investment Week can reveal.

BIG INTERVIEW

Treasury yields have fallen back towards the 2.6% mark after US jobs figures for July missed expectations.

The National Audit Office (NAO) has launched an investigation into the new financial services regulatory structure that came into effect this year.

Jupiter CEO Edward Bonham Carter said the asset manager is unwilling to commit to a new pricing strategy because of continued uncertainty surrounding RDR implementation.

Rathbones' pre-tax profit for the first six months of 2013 rose 17% as the group's total funds under management near the £20bn mark.

Jupiter has reported net mutual fund flows of £426m for the first half of 2013 despite RDR "dampening" UK business.

Yields on 10-year treasuries have spiked back above 2.7% after US Q2 GDP data easily beat expectations, increasing the likelihood of a quantitative easing slowdown.

IMA chief executive Daniel Godfrey (pictured) discusses the trade body's initiative to clarify fund charges.

UK retail investors pulled a record amount from fixed income funds last month as yields spiked on fears of an end to US QE, latest IMA figures reveal.