The Investment Association

The FCA scrapping its banking culture review, the worst performance from the FTSE 100 since 2011 and a tough year for Warren Buffett were among the key stories of the past fortnight.

How will investors view 2015? They appear to have been riding a rollercoaster of hopes and fears, from the highs of the FTSE 100 breaking 7,000 in March, to the lows of August's Black Monday sell-off.

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