Chancellor George Osborne plans to allow the Bank of England to implement new measures to control accelerating house prices in the UK, as the property market shows signs of overheating.

Woodford Investment Management, the new fund group set up by veteran fund manager Neil Woodford, is set to back the flotation of breakdown recovery service the AA.

Quilter Cheviot's Nick Lacey has joined Psigma Investment Management as business development director.

The result of the Indian election, although positive for the economy, may not be as much of a game changer for investors as some suggest, according to Sophia Whitbread, manager of the Newton Emerging Income fund.

Sebastian Lyon, manager of the Troy Trojan fund, has warned investors are becoming more complacent than they have been at any point since the financial crisis erupted, leaving them vulnerable to a shock event.

Market volatility has dropped to lows not seen since before the financial crisis, prompting expectations of a sharp spike, but some strategists suggest it could remain anchored for years to come.

BlackRock has launched two iShares exchange-traded funds to target emerging market consumption and US dividends, following fee cuts on its revamped 'Core' range last week.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Andrew Swan, manager of the newly launched BlackRock Asia Special Situations fund, has rotated away from growth stocks in the view they are overpriced, turning to value companies instead.

Tim Edwards has left his role as chief operating office of distribution at Ignis Asset Management to join Insight Investments.