The Investment Association

Extended membership for six months

Three core divisions

Drops list of signatories

Richard Bullas, who co-manages the £193m Franklin UK Smaller Companies fund with Paul Spencer, said performance this year has been driven by companies at the bottom of the small-cap spectrum, but above the micro-cap space.

Not providing value for money

Loss of funds leads to closure

The number of multi-asset fund launches has accelerated this year, following the introduction of pension freedoms, begging the question: how many vehicles in the burgeoning sector can thrive or even survive in the longer term?

Back in black for first time since April

Sector expected to grow over next decade

Ousted IA chief plans investment management role