UK

Gervais Williams has resigned from Gartmore and will leave the firm at the end of September.

Peter Hargreaves, the outgoing chief executive of Hargreaves Lansdown, believes smaller investors will struggle to get advice post-RDR.

Standard Life today says it expects a net headcount reduction of some 500 employees over the next 15 months as it rolls out the second phase of its group restructure.

Neptune and Martin Currie are the latest asset managers to be linked with troubled group Gartmore, with rumours suggesting the pair have expressed an interest in acquiring a stake in the firm.

The FTSE 100 moved slightly lower in afternoon trading as double-dip fears persisted on the back of negative housing market data.

Skandia has handed Henderson a £7.2m mandate within its £60m UK Strategic Best Ideas fund.

Fidelity International is launching a new UK equity fund which aims to never fall more than 20% from its highest ever NAV.

Marlborough has added five new funds to its range with the acquisition of the UK investment arm of Sun Life Financial of Canada.

The index of 100 leading shares opened down this morning as investor confidence was hit by stock sell-offs in the US and Asia.

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