Leading fund managers have become more cautious about their expectations for interest rate hikes, with many now expecting any movement in base rates to be postponed until at least 2016.
‘We haven't felt pain like this in markets for some time’
Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.
The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.
The Bank of England's chief economist has suggested interest rates could remain low for a protracted period without causing inflation to spike.
Two members of the Bank of England's Monetary Policy Committee again voted to raise rates this month, minutes from the latest meeting show.