Industry

The Financial Conduct Authority (FCA) is to ban cash rebates paid to consumers from platforms from April next year.

Martin Brookes, one of the named managers running Prudential's huge with-profits fund, has left the firm after more than a decade.

Spanish boutique asset manager March Gestión de Fondos (MFG) has gained FSA approval to distribute its three flagship funds to the UK market.

UK equity manager James Clunie has left his role at Scottish Widows Investment Partnership (SWIP) to join Jupiter Asset Management.

Former top drugs adviser to the government David Nutt has made a controversial claim that the financial crisis was caused by bankers' habitual use of cocaine, the Telegraph reports.

Investec Asset Management has warned investors it is being targeted by fraudsters in a boiler room scam.

Henderson has hired Roger Thompson from JPMAM to replace Shirley Garrood as CFO of the group.

Investors have shown more interest in emerging market funds than any other asset class in Q1, according to Morningstar.

Real estate manager PRUPIM will be renamed M&G Real Estate as of the end of June as the firm looks to collaborate further with its parent company.

Ingis Asset Management has hired Mira Bhogaita as portfolio manager on the UK equity team.