Neil Woodford is to leave Invesco Perpetual next April to set up his own business, the group has announced.

AXA Elevate has teamed up with Winterflood Business Services to cut the cost of trading securities including ETFs across the platform by moving to an aggregated system.

Stockbrokers across the City are considering lodging an official complaint after many were excluded from the Royal Mail float last week.

The price of Royal Mail shares has soared well above the government's offer price after conditional trading in the company began this morning.

The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.

MoretoSIPPs principal John Moret says the FCA places "unreasonable" responsibilities on SIPP providers when many of the issues the industry faces are advice based.

M&G's Graham French has told investors last year was one of the toughest periods of his career as his fund underperformed amid a torrid time for commodities.

Self-invested personal pension (SIPP) providers have been warned against investing in alternative assets by a high profile lawyer.

Fidelity is to spend £250m across its UK platform business over the next five years as part of a plan to enhance its open architecture proposition and dominate the distribution landscape.

Cofunds has written to fund groups demanding contractual rights to the best share class deals in the market - as and when they become available.