Traded life policies (MPL) has suspended redemptions on its Traded Policies fund "in the interests of existing and future investors".

Fund group CEOs have blamed the impact of the Retail Distribution Review (RDR) for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.

Aberdeen CEO Martin Gilbert has raised the prospect of closing the group's Asia Pacific equity funds in the near future after admitting it "cannot cope" with soaring inflows.

Aberdeen AM has raised its interim dividend by more than a third as revenue rose by over 25% in the six months to 31 March.

Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.

A new academic paper suggests an influential study used to argue the case for austerity contains a number of flaws - including a simple Excel spreadsheet error.

Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.