Liontrust has seen a rise in assets under management and a jump in pre-tax profits, after its acquisition of multi-asset business North Investment Partners last October.

Aviva Investors' multi-manager team has said most active managers investing in UK stocks are failing to beat the FTSE All Share this year as overweights in mid- and small-cap stocks weigh on portfolios.

Chancellor George Osborne plans to allow the Bank of England to implement measures to control accelerating house in the UK, as the property market shows signs of overheating.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Aviva Investors is to close its UK Absolute Return fund, run by Trevor Green, as well as Peter Fitzgerald's Diversified Strategy fund, Professional Adviser's sister title Investment Week can reveal.

Hargreaves Lansdown has secured what it says is the cheapest share class in the market for Neil Woodford's new fund, selling the investment star's fund for 60bps.

Lloyds Banking Group has announced plans to float a 25% stake in its TSB business next month in a bid to meet European rules on state aid for banks.

The Investment Management Association (IMA) has written to UK fund groups asking them to anonymously disclose details of salary structures following discussions with EU regulators.

Indian stocks have hit a fresh all-time high, with the rupee hitting a 10-month high of its own, as early vote counts in the general election point to a resounding win for the main opposition party, Bharatiya Janata Party.

Majedie Asset Management has hired Fidelity's Adrian Brass as it prepares a push into the global and US equity space via three fund launches next month.