Key Neil Woodford holdings including Capita and BAE Systems dropped sharply in late trading yesterday as news of the manager's 2014 departure from Invesco Perpetual filtered through.

What will Neil Woodford's departure mean for Invesco Perpetual's asset base?

Old Mutual Global Investors has become the latest fund group to agree super clean share class terms with Standard Life, an arrangement extending across its entire fund range.

Fidelity has launched a fund of funds investing in lesser-known portfolios as an exclusive offering for its high-net-worth (HNW) direct clients.

The Financial Conduct Authority (FCA) has launched a review of the execution-only market, examining all aspects of the industry including looking at buy lists for the first time.

Hedge fund manager John Paulson is backing a turnaround in the Greek economy by taking positions in some of the country's largest banks.

Aviva has completed the sale of its US life and annuities business for £500m more than it originally announced.

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.

Schroders has appointed Prudential Regulatory Authority (PRA) risk analyst Craig Botham to its global economics team.

Schroders is to launch a global equity fund for managers Nick Kirrage and Kevin Murphy investing in stocks they feel are primed for a recovery in value, Investment Week, IFAonline.co.uk's sister title, understands.