Lawrence Gosling with Vincent Chailley of H2O Asset Management

Aviva's £5.1bn acquisition of Friends Life could see as many as 1,500 jobs cut, the company has said.

Think local

Lyxor Asset Management and Capricorn Capital have launched a long/short global emerging markets fund as the French asset manager expands its alternatives capabilities.

Zurich UK Life is to boost its investment proposition for advisers with the launch of an authorised corporate director (ACD) service, which will allow it to launch own-branded funds managed by a number of external partners.

Hargreaves Lansdown employee Rayhan Qadar has been sacked after posting a message on social network Twitter which suggested he had been involved in a hit and run incident.

No need to panic over oil price in freefall

Niall O'Shea, head of responsible investment, Royal London Asset Management

Media tycoon Richard Desmond has agreed to settle his £42m court case against Credit Suisse and GLG, accepting a significant settlement figure, according to reports.

Jupiter head of institutional business Martin Harris has left the business after just eight months for personal reasons.