The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from FSA proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary retail investors.

Sally Macdonald has joined Marlborough Fund Managers in the newly created position of head of Asian equities, as the firm looks to expand its presence in the space.

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

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The Office for National Statistics (ONS) has decided to retain the way the retail prices index(RPI) is calculated after a consultation with the industry.

Premier has hired former Framlington CIO Neil Birrell to run its £63m Alternative Strategies fund, after co-manager Raj Hallen exited the firm.

L&G Investments' managing director of investments Simon Ellis has left the firm.

F&C Investments has launched the first capital protected RDR-compliant share class in the UK for its Lifestyle range and other multi-manager funds run by Gary Potter and Rob Burdett.

Mark Harris has take on City Financial's multi-manager fund range, formerly run by North Investment Partners' John Husselbee.

International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.