M&G's fixed income manager Richard Woolnough was paid £17.5m last year, according to reports, a figure more than double that of the CEO of parent company Prudential.
M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.
Henderson Global Investors has promoted two members of its retail fixed income team to manage bond funds alongside John Pattullo and Jenna Barnard.
M&G retail fixed income head Jim Leaviss has relinquished his lead manager role on two of his main portfolios as part of a reshuffle of the team.
TwentyFour Asset Management is in the process of setting up a new closed-ended fixed income fund to take advantage of opportunities in less liquid parts of the bond market.
Vanguard Asset Management has launched a global short-term bond index fund for investors looking to manage volatility in their portfolios.
UK funds under management hit a record high in 2013, while sales of equity funds tripled from 2012, Investment Management Association data has revealed.