Fidelity has added a new product to its emerging market (EM) debt fund range, taking its total number of products to four.

Standard Life Investments (SLI) has closed down six manager of managers funds it had outsourced to Wilshire Associates.

Charles Stanley saw its funds under administration hit a new high in the year to end March 2013, according to its pre-close trading update.

Neptune Investment Management has closed four funds including three in its Max Alpha product range.

The Investment Management Association (IMA)'s chief executive Daniel Godfrey calls on the fund management industry to improve the way it explains fund costs and charges to consumers.

Three top-performing UK equity funds run by merging fund houses Schroders and Cazenove Capital are close to reaching capacity.

The senior executives of collapsed bank HBOS will come under fire from MPs on Thursday with the publication of a damning report on the failed bank.

Schroders will build a multi-manager arm to rival John Chatfeild-Roberts' Jupiter Merlin range once Cazenove's Marcus Brookes and Robin McDonald join the firm, global head of equities Peter Harrison has said.

Schroders is considering having two flagship UK equity funds running alongside each other once its £424m acquisition of Cazenove Capital is complete.

The UK's five major banks could see their profits take a significant hit in 2012 as regulatory pressures and a series of recent scandals take their toll, according to KPMG.