Investment veteran Warren Buffett is backing JPMorgan Chase CEO Jamie Dimon to replace Tim Geithner as US treasury secretary.

Schroders' head of US fixed income Wesley Sparks has argued investors should brace for a high yield correction in the first quarter of next year, as yields could rise by as much as 100 basis points.

The Financial Services Authority (FSA) has begun informal discussions with key industry players about a potential ban on all fund commission payments from the start of 2014 for business written on platforms.

M&G Investments' top performing bond manager Richard Woolnough has turned to equities to boost his £6.4bn Optimal Income fund.

Investment trust broker Oriel Securities has unveiled the 10 highest yielding investment trusts in the market, for income seekers who are not afraid to take on equity risk.

Lindsell Train co-founder Nick Train said he is no longer comfortable increasing exposure to Hargreaves Lansdown, amid fears its share price could suffer a setback as the firm adjusts to the world post-RDR.

Neptune founder and CEO Robin Geffen expects global growth to accelerate over the next six months, and said consensus views on China are too bearish.

F&C Investments has overhauled its fixed income arm, with six members of the team - including fund manager Fatima Luis - exiting the business.

M&G reported a record level of net inflows in the third quarter of £6.4bn, bringing total inflows to £11.3bn for the first nine months of the year, a 329% rise from 2011.

Invesco Perpetual's Neil Woodford said he is sticking by his significant weighting to tobacco stocks despite concerns over earnings momentum and new packaging rules putting pressure on share prices.