Skandia has agreed a deal with eight external fund groups whose funds will feature in its restricted panel, Investment Week can reveal.

The RDR-induced switch to ‘clean' share classes could help active funds fight back against the shift towards passives, according to new research from wealth manager Equilibrium.

Fidelity Worldwide Investment has launched a low-cost US tracker fund as it moves to mimic the success of its UK tracker fund among direct investors.

Aberdeen Asset Management has grown its profits by 15% in the last year despite "difficult and uncertain" market conditions.

The Financial Services Authority (FSA) has fined UBS AG (UBS) £29.7 million for failing to prevent large scale unauthorised trading which lost the bank over $2bn.

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the country's wealthiest hedgies.

Rathbone Unit Trust Management's global fund manager James Thomson has warned investors to avoid areas including banks and giant technology companies as they position portfolios for 2013.

UBS could be hit with a record penalty by the Financial Services Authority (FSA) next week following the rogue trade which cost the bank $2.3bn.

Henderson's top performing bond fund manager John Pattullo has said the popularity of bond funds will not start to wane until investors see some hefty losses from portfolios.