The Investment Association

Pay per employee has risen by 22% at AM firms since 2006

UK vehicles lead charge

Only a third posted positive returns

The Investment Association has unveiled a 10-point Statement of Principles to help firms put clients' interests first, which has been signed by 25 asset management firms.

The conundrum of sector classifications

The Targeted Absolute Return retook its place as the UK's best-selling sector in June as investors sought reassurance in choppier markets.

Square Mile Investment Consulting & Research's Richard Romer-Lee analyses the impact of another fund's departure from the Investment Association's UK Equity Income sector.

Schroders has called on the Investment Association to rethink its approach to UK Equity Income funds as Nick Kirrage and Kevin Murphy's Income fund is removed from the sector.

Fixed income funds saw their first net outflows since January 2014 last month, according to the Investment Association's (IA) latest figures.

Mike Fullalove has joined Barclays Wealth and Investment Management from Alliance Bernstein as its new head of fund products.