The Governor of the Bank of England has said the financial crisis is "far from over" as he joined fellow central bank chiefs, including Ben Bernanke, to discuss economic policy.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.

Schroders is in talks with Cazenove Capital over a possible acquisition of the boutique.

As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.

The UK economy will post growth of 0.6% this year, according to the Office for Budget Responsibility (OBR), a downward revision from its December forecast.

Richard Buxton's Schroder UK Growth trust has moved onto a wide discount following news of the manager's departure for Old Mutual Global Investors.

Gottex Fund Management is to take a majority stake in UK multi-asset boutique Frontier Investment Management.

Brooks Macdonald's acquisition of Spearpoint helped drive a 44% rise in FUM in the second half of last year, although the firm continues to count the cost of RDR.

The Commission on Banking Standards has told the government its plans to reform the UK's banking sector are not strict enough.

Schroders has revealed its pre-tax profits fell 11% over the year to 31 December 2012, largely due to a slump in profits in the private banking arm.