Invesco Perpetual's Mark Barnett is to become manager of the £1bn Edinburgh investment trust as of today, taking over from Neil Woodford ahead of the latter's forthcoming move to Oakley Capital.

F&C shares have jumped by more than 20% after the group said it has received a takeover approach from Canada's Bank of Montreal (BMO).

Aviva chief financial officer (CFO) Pat Regan is to leave the company after three years to take up a post in Australia.

Jupiter has reported net fund flows of £458m for Q4 2013, taking its total assets under management to over £30bn for the first time.

PRICE WAR

Hargreaves Lansdown's unbundled price structure will see it charge an annual fee of 0.45% for sub-£250k clients, with the group having also negotiated an average AMC for new 'Wealth 150+' funds of just 0.54%.

Morgan Stanley has upped its price target on Hargreaves Lansdown by 50% just 24 hours before the platform reveals its new fee structure, after the bank's analysis suggested consumers are prepared to pay more for advice and platforms than previously anticipated....

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Majedie Investments is to close its emerging markets boutique and switch assets into the separate Majedie Asset Management (MAM) business.

Multi-asset managers are finding renewed opportunities in UK government bonds as they try to eke out value for their portfolios at the start of 2014.