Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.

Premier is planning to merge Chris White's £30m Premier UK Alpha Income fund into Chris Wright's £10m Premier European Optimum Income fund, which is undergoing a change in investment strategy.

Investment trust veteran Douglas McDougall will step down as chairman of James Henderson's Law Debenture trust in April after 15 years of service.

London's leading share index has made modest gains throughout the day, held back by heavy losses from Royal Bank of Scotland and a number of miners.

Royal Bank of Scotland has posted a pre-tax loss of £2.2bn in the fourth quarter, taking full year 2012 losses to £5.2bn, but despite the results the bank said the government is much closer to selling its stake.

Aberdeen's Bruce Stout, manager of the £1.4bn Murray International trust, has urged investors to diversify out of bonds to avoid heavy losses when central banks stop the printing presses.

Neil Woodford, manager of Invesco Perpetual's £20bn Income fund range, has become more cautious on UK equities after a strong six-month showing from the FTSE 100.

Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.

Sanlam Private Investments' (SPI) head of fixed income Craig Veysey has bought back into the gilt market, viewing the UK downgrade as a ‘short term' opportunity to add exposure to the asset class.

James Henderson has criticised the Investment Management Association (IMA)'s review of the UK Equity Income sector, ahead of the potential ejection of his top performing fund later this year.