Lindsell Train co-founder Nick Train believes the negative sentiment surrounding equities has been overstated, and argues equities are instead in bull market territory.

Old Mutual Wealth has announced 200 jobs will be axed as it merges its business with Skandia.

Neil Tong, formerly head of UK equities at Alliance Trust, has joined SWIP's fixed income team as a senior credit analyst.

Investment trust broker Winterflood has dropped Alexander Darwall's Jupiter European Opportunities trust from its buy list, deeming the trust too expensive to buy after its shares drifted onto a premium.

Witan's Andrew Bell will become chairman of the Association of Investment Companies (AIC) early next year, replacing Sarah Bates, who has stepped down after a two year spell in charge.

Investment trust providers are coming under pressure to reduce annual management charges after being undercut in certain sectors of the market by OEICs and unit trusts.

FUNDS ARE NOT SHADOW BANKS

OBSR founders Richard Romer-Lee and Nigel Whittingham have left Morningstar OBSR to take a career break from the industry.

Veteran investors Jim Rogers and 'Dr Doom' Marc Faber have clashed over the merits of investing in Chinese equities.

The IMF is expected to cut its forecast for UK growth in 2012 by 0.3 percentage points this week, from 0.2% to -0.1%, as part of a series of downgrades.