Measures were part of chancellor's ‘back to work’ budget
12bps reduction on Cirilium and Cirilium Blend portfolios
Reports talk of his concern around the impact on the sector
Watchdog says it does not want to make any 'unnecessary changes'
Lauded for his contributions to the investment management industry
Shift in strategic focus sees exit of Neptune founder
Poor investment performance 'the main driver' of the fall
Boosted by consumer staples and banks
Made restriction on 16 December in clients' 'best interests'
Services sector grew by 0.2% while the manufacturing fell by 0.5%