Markets

Jupiter has reported net mutual fund flows of £426m for the first half of 2013 despite RDR "dampening" UK business.

Lloyds Banking group is back in the black after announcing a pre-tax profit of £2.1bn for the six months to the end of June - and said it is on course to target IFA clients "orphaned" by RDR.

Yields on 10-year treasuries have spiked back above 2.7% after US Q2 GDP data easily beat expectations, increasing the likelihood of a quantitative easing slowdown.

A new report has identified 16 countries poised to succeed China as the global driver of manufacturing growth.

IMA chief executive Daniel Godfrey (pictured) discusses the trade body's initiative to clarify fund charges.

ON ASIA

ON UK INCOME

With interest rates in the UK at a historic low, investors have been looking for income strategies to boost the yields of their portfolios.

Four individuals have been arrested following house searches carried out by the Financial Conduct Authority (FCA) and Metropolitan Police in West London.

John Porteous, head of wealth management at RSM Tenon, has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.