UK

M&G saw its net inflows halve in 2011, while operating profits jumped 26% over the year, its results revealed.

Standard Life Investments (SLI) saw profits increase by 21% last year, thanks in part to rising revenues and the continued popularity of GARS.

Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.

The Financial Services Authority (FSA) has censured Bank of Scotland for failings within its Corporate Division between January 2006 and December 2008.

Former LVAM head of UK equities Graham Ashby has joined Ignis Asset Management to run its UK Equity Income fund.

Darwin's David Jane has bought back into banks for the first time in ‘many years' in the view they are trading well below book value and can rise significantly from here.

Jupiter Fund Management saw pre-tax profits jump in 2011 despite a fall in AUM, and has hiked its dividend by 13%.

George Osborne is preparing to alter plans to strip some middle income families of child benefit ahead of a House of Commons debate on the issue.

HOW INVESTORS LOST FAITH

Asset managers and business leaders including Neil Woodford and Terry Leahy have criticised short-termism among UK investors and warned it is a threat to equity markets.