UK

Aviva's programme of job cuts, which will see 800 staff made redundant, is on track to save the insurer £250m by the end of the year, according to latest results.

Schroders has reported a fall in pre-tax profits for the year to September and warned of a slowdown in its institutional business, although its intermediary arm has offered a boost.

MAM Funds' Simon Callow has been adding risk back into his £190m CF Midas Balanced Growth fund over the last quarter as policymakers work to steer the eurozone into recovery mode.

Matrix Group has been placed into administration, and parts of the business are already in the process of being liquidated.

Old Mutual said it is "progressing well" with plans to build Old Mutual Wealth into a leading wealth management business, but is taking further steps to address its cost base.

London's financial sector will slash 13,000 jobs next year, and bring job levels to a 20-year low in 2014, according to a forecast study.

Aviva Investors' Andrew Lake is set to join Mirabaud Asset Management in the new year.

Lloyds' potential sale of its St James's Place (SJP) stake could be a landmark moment for the bank but the outlook for the wealth manager is less clear, according to investors and analysts.

A "post, post-industrial society" is helping businesses adapt to an environment of low growth and distressed global trade, according to Nigel Thomas, manager of the £3.2bn AXA Framlington UK Select Opportunities fund.

Hopes that Aberdeen Asset Management could announce a "significant" dividend hike in its forthcoming annual results have sent the group to the top of the FTSE 100 leaderboard.