In its latest quarterly Inflation Report, the Bank of England has forecast inflation will remain low for longer than previously expected, as a result of weak energy prices and continuing currency strength.

Aviva Investors has posted "inadequate profits" once again in the first half of 2015, down 22% from the figure for the same period last year, despite a slowdown in outflows.

Friends Life is planning to transfer £24bn worth of segregated mandates from AXA Investment Managers to Aviva Investors, following its takeover by the latter's parent company at the end of last year.

Legal & General Investment Management (LGIM) has seen a 12% jump in assets under management, boosted by the expansion of its international business in the first half of the year, despite a fall in advisory assets.

Schroders has expanded its £76bn multi-asset team further with two hires as it focuses on building this part of the business.

Aberdeen Asset Management is continuing its fund rationalisation process following the acquisition of Scottish Widows Investment Partnership (SWIP) by merging away three more funds.

The Greek market has dropped 23% this morning as it reopened after a five week shutdown, implemented while the country battled to remain in the eurozone.

The conundrum of sector classifications

BlackRock has reduced the ongoing charges figure (OCF) on five of its most popular index funds with nearly £16bn in assets under management.

Brevan Howard Asset Management senior economist Dr Gertjan Vlieghe is to join the Bank of England's Monetary Policy Committee as of September.