Data provider FE has named several rising stars of fund management in its 2014 Alpha Managers list, as well as recognising the industry's veterans.

Financial advisers' preference for multi-asset funds marks the "biggest cyclical change for 30 years", an Allianz Global Investors retail sales head has said.

Hargreaves Lansdown shares have fallen sharply this morning after the group announced its interim results and a reversal of some of its new pricing plans.

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Neptune plans to close two income portfolios and will remove income share classes on several other funds at the end of next month.

European fund management giant Carmignac Gestion is expanding its UK hub after moving a senior investment manager over to the London office.

An independent Scotland would have to compromise its sovereignty if it wants to remain in a sterling-based currency union, BoE governor Mark Carney has warned.

UK funds under management hit a record high in 2013, while sales of equity funds tripled from 2012, Investment Management Association data has revealed.

A continuation of the crisis in emerging markets will spell further pain for developed equity markets, Carmignac Gestion managers have said.