Threadneedle's Dave Dudding has stepped down from his £1.1bn European Smaller Companies fund in order to take over one of the group's global mandates.

UK stocks crept higher ahead of today's Autumn Statement, with the FTSE 100 nearing 5,900 points as miners lifted the market.

Fidelity's Ian Spreadbury has warned conditions in bond markets are the most risky he has seen since he started his career 30 years ago.

F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.

Discretionary fund manager Saltus Fund Management has bought Altrincham-based wealth manager Mercater Capital Management for an undisclosed sum.

Peter Hargreaves, executive director of platform giant Hargreaves Lansdown, has revealed the business intends to move all its clients over to clean fee share classes to meet regulatory changes.

The Financial Services Compensation Scheme (FSCS) is to hit fund managers with a £33m levy to cover a shortfall in its finances after it overcharged some firms.

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.

The Financial Services Authority(FSA) is planning to delay the release of the final rules for platforms until early 2013, Investment Week can reveal.

Shares in oil major BP fell today after the US' Environmental Protection Agency temporarily blocked it from bidding for new contracts in the US.