UK

Olivia Mayell, client portfolio manager on the JPM Multi-Asset Income fund, tells Julian Marr, editorial director of Marketing-hub.co.uk, the answer to the UK's growing need for income lies in a wide range of overseas assets

"You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect for those gentlemen, I advise you, as long as the capitalist system lasts, vote for gold." - George Bernard...

Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.

The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management, and BlackRock to run five mandates for its default fund.

River & Mercantile has decided to close its £3m UK Equity vehicle to retail investors due to a lack of demand.

Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.

ON UK INCOME

The Bank of England may have to put up interest rates if the commodity price boom continues, deputy governor Charles Bean warns.

Sterling has surged to a three-month high against the dollar following buoyant growth figures for the construction industry.

BILL MOTT ON INFLATION