M&G

Japanese investors are still net sellers of foreign bonds despite Shinzo Abe's policy of aggressive fiscal stimulus, with the situation unlikely to change until inflation starts to climb, M&G's Mike Riddell has said.

Plans to allow platforms to negotiate individual terms with fund groups could cost the industry millions of pounds, asset management giant M&G has warned.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

FIXED INCOME

M&G Investments has boosted its fixed income team, hiring Andrius Isciukas from HSBC Asset Management to work across the fund range.

GOSLING'S GROUSE

BP has become the victim of a "shakedown" by US regulators and media as it attempts to resolve claims arising from the 2010 Gulf of Mexico oil spill, according to M&G's Tom Dobell.

GOSLING'S GROUSE

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

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