Aberdeen is merging its Global Sterling Corporate Bond fund into its Global World Bond fund due to the small size of the former portfolio.

Fears of a Greek default continued to impact markets despite a deal between the European Union and the IMF being struck yesterday.

George Osborne has confirmed UK banks will be forced to ‘ringfence' retail banking operations to protect savers from risks taken in investment banking arms.

JP Morgan has launched a sterling hedged share class for its Diversified Commodities fund run by it alternatives arm, Highbridge Capital Management.

Neil Woodford's Invesco Perpetual income funds have leapt to the top of the performance tables after two years of underperformance as the manager's value calls finally start to pay off.

The FSA will be able to authorise tax-transparent funds by the summer of 2012 after the government moved to introduce the products through secondary legislation.

Tension between the European Central Bank and the German government has intensified as Jean-Claude Trichet hit back at the German finance minister's claims Greek government bondholders should contribute to a new aid programme.

JO Hambro Capital Management's newest offering, Global Emerging Markets Opportunities fund, will have a large-cap bias and adopt the top-down approach the managers used in their in their previous roles at Barings.

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

Castlestone Management is looking to expand its range of equity mandates with the launch of a specialist frontier emerging markets fund, as well as a UCITS version of its Next 11 fund.