Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

The Financial Services Authority may begin levying multi-million pound fines on fund groups found to be breaching its rules over corporate access, according to reports.

Jupiter Fund Management has announced a 13% increase in its total dividend for 2012, ahead of analyst expectations, as the group continues to strengthen its balance sheet.

The Investment Management Association (IMA) will rename the Absolute Return sector as the Targeted Absolute Return sector as it completes a long-awaited review of the space.

Standard Life Wealth (SLW) is to pay up to £83.5m for Newton's private clients division, adding an extra £3.6bn in assets under management to its business.

Brewin Dolphin is planning to increase the number of open-ended funds it recommends to clients by 25% in the coming months as it seeks to provide more income plays.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.

J.P. Morgan Asset Management(JPMAM) has expanded its multi-asset fund range with the launch of a macro fund for James Elliot, who took over as head of the division in December.