Sanlam International Investment has taken over fund research and selection from SPI following the departure of Paul Surguy earlier this month.

L&G's asset allocation team predicts the most likely date for an interest rate rise will be May 2015, despite a clash with next year's general election.

New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.

Baring Asset Management has rebranded its multi-asset Portfolio fund as the more flexible Dynamic Capital Growth fund in a bid to make it more attractive to pension savers.

Tesco is considering selling a stake of its Tesco Bank division for up to £1bn in order to shore up its balance sheet.

L&G is to reduce ongoing charges by up to 55% on selected retail index funds in the latest sign of price pressure in the passive investment space.

The Serious Fraud Office (SFO) is to launch a criminal inquiry into Tesco after its accounting failure led the firm to overstate profits by £263m, according to reports.

Giles Hargreave has been ranked number one in a report by Tilney Bestinvest to select the top 100 equity fund managers in the UK.

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a salary cut following a sharp drop in banks' profits.

The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.