UK

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

INVESTMENT TRUSTS

UK EQUITIES

UK EQUITIES

Ashcourt Rowan has completed its acquisition of UK Wealth Management Limited (UKWM) from Duke Street General Partner in a £14m deal.

Artemis fund managers Adrian Frost and William Littlewood have upped their positions in UK life insurers after shares were hit hard by the Budget and the disclosure of an FCA probe into the sector.

Robert Howell, manager of the Schroders Alternative Solutions Commodity fund, is leaving the firm, with emerging market chief Geoff Blanning to take over the portfolio.

Invesco Perpetual's US parent company Invesco saw its shares slide yesterday after the group lost a significant mandate to exiting head of investment Neil Woodford.

Royal London Group chief executive Phil Loney has called on the industry and regulator to come up with a "new form of advice" to service those at point of retirement and meet the challenge set by the Chancellor.

Ingenious Asset Management is to merge with Thurleigh Investment Managers, bringing together their respective investment teams under one roof.