Funds

Ascentric managing director Hugo Thorman is to leave the firm this summer following Royal London's buyout of the platform's minority shareholding in the business.

The investment trusts for 2015 outperformance

Transact has stated its intention to float following its failure to secure a buyer last year.

Hargreaves Lansdown employee Rayhan Qadar has been sacked after posting a message on social network Twitter which suggested he had been involved in a hit and run incident.

Baillie Gifford partner Tom Slater has been promoted to co-manager of Scottish Mortgage, the UK's largest investment trust, alongside James Anderson.

Old Mutual International has completed a rebrand of its business, dropping the historic Skandia brand, and has outlined plans for a new researched fund range following the acquisition of Quilter Cheviot.

Charles Stanley CIO Paul Abberley has been confirmed as the business' new chief executive after the Financial Conduct Authority approved his appointment.

RIT Capital Partners, the £2.3bn investment trust chaired by Lord Rothschild, is to acquire GVO Investment Management - formerly known as SVG Investment Managers.

From fee reductions and discount management, to more board scrutiny. Jeremy Beckwith, director of manager research at Morningstar, analyses the changing story behind investment trusts in 2014.

What can the UK funds industry learn from the US?