Investment

Eight staff members have been dismissed by Lloyds following an investigation into the LIBOR rate fixing scandal that saw the bank fined £218m.

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.

PIMCO's Dan Ivascyn has been named as Bill Gross' successor following the legendary bond investor's resignation, but three other managers will take over the $221bn Total Return Bond fund.

The recent sell-off in high yield means opportunities in the 'rising stars', housing, and building materials sectors, explains PIMCO's deputy CIO Mark Kiesel.

Dividend growth will continue to disappoint the market unless some 'financial alchemy' comes in to play, explains Charles Luke from the Murray Income trust.

Brazil faces increasing uncertainty in the run-up to its election following the death of opposition leader Eduardo Campos last month.

‘The main issue facing clients is interest rates’

Where now for bonds?

Fund groups have an image problem

Fund buyers have had a tough time choosing funds this year, as some of the best known portfolios in the UK have gone through manager changes.