Renowned economist and coiner of the acronym 'BRICs' Jim O'Neill is to become a Treasury minister in the new government.

ShareSoc, the UK proxy group for individual shareholders, has launched an action group to represent the interests of unhappy Alliance Trust investors and urge the board to launch a strategic review.

Hargreaves Lansdown entered the top five groups by net retail sales in the first quarter following a spate of multi-manager launches, according to the latest Pridham report.

Aberdeen has reported a worse than expected £11.3bn outflow for the six-month period to the end of March despite a rise in revenues over the period.

Fidelity is to reopen Alex Wright's top-performing UK Smaller Companies fund after restricting inflows two years ago.

Wealth manager and platform Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.

Loss leader? Ten funds backing a big Tesco turnaround

Alliance Trust has revealed it has "accelerated the process" of the search of a new non-executive director ahead of its crucial AGM later this month.

Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.

Net inflows at Jupiter Fund Management slowed to £900m during 2014, compared to £1.2bn seen in the previous year, but the group said it is "particularly pleased" with inflows from abroad.