Hargreaves Lansdown is planning a push into the asset management arena which could see it hire external fund teams and market its services to advisory businesses in future.

Woodford Investment Management (WIM) is seeking to raise an initial £200m for the launch of the Woodford Patient Capital investment trust, a portfolio of 50-100 quoted and unquoted businesses.

The Investment Association (IA) has set out plans to identify a 'primary' share class for the purpose of comparing fund performance, as the number available to investors multiplies rapidly post-RDR.

Hargreaves Lansdown has reported a year-on-year drop in pre-tax profits as the impact of clean pricing and lower rates on client cash offset continued asset growth.

‘No-names’ like we were might struggle today

Quarterly and annualised UK growth figures for Q4 2014 have narrowly missed expectations after the construction sector underwhelmed at the end of the year.

Left-wing anti-austerity party Syriza has secured a commanding election victory in Greece, setting the scene for a stand-off between the country and its creditors.

Fidelity Worldwide Investment's asset allocation director Trevor Greetham is to leave the company, Professional Adviser's sister title Investment Week can reveal.

Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.

The precipitous decline in the oil price has continued, with a further slump in Brent crude seeing it trade below $50 for the first time in more than five years.