City Financial is to acquire Guinness family office Iveagh's funds arm in a deal that will see Chris Wyllie move to the boutique fund house, Investment Week can reveal.

Psigma Investment Management has made a play for Barclays Wealth clients with less than £500,000, after the bank itself scrapped its bespoke service for lower net worth clients.

Shares in Schroders and Aviva jumped sharply today after strong full-year results from both firms, helping to keep the FTSE 100 ahead.

City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, IFAonline sister title Investment Week understands.

Vodafone's sale of its 45% holding in US peer Verizon Wireless could see an extra £10bn invested in UK equities in the coming weeks, according to reports.

The Investment Management Association (IMA) has said it is open to the prospect of 'radical change' as it sets out recommendations for the use of dealing commission to purchase investment research.

Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.

Japan's economy grew less than expected at the end of last year, highlighting potential weaknesses in Prime Minister Abe's economic policies.

Psigma Investment Management has hired Rathbones investment director Tim Wishart to lead its expansion in Scotland.

Lloyds Banking Group is to cut over 1,000 jobs nationwide, with its wealth division among those facing significant cuts, according to the Unite union.