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iShares has launched three ultra-short bond ETFs and two short duration bond ETFs as investors seek out new ways to protect themselves if interest rates start to rise.

Fidelity Worldwide Investment has bought retirement solutions business Annuity Direct and its holding company Retirement Angles.

The Edinburgh investment trust has tumbled a further 5% this morning as investors continue to sell out, moving on to a discount following Neil Woodford's surprise move.

Richard Scott, chief investment officer of Hawksmoor, is backing healthcare as a sector to outperform and has added three preferred names to his multi-manager funds.

Fidelity FundsNetwork is to move to a clean-only model by the end of 2013 on all new business.

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.

Standard Life has unveiled its unbundled pricing structure, which will include a discount for some advised clients.

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.