Preliminary figures released today show the US economy grew at an annual rate of 3.2% in the last quarter of 2013, in line with analysts' expectations.

Insurer Zurich is launching Zurich Horizon Investment Solutions, a new investment proposition comprising a range of risk profiled funds managed by Threadneedle Investments.

IFAonline sister title Investment Week understands insurer Zurich UK has approached a number of asset managers with plans to create a fund management business in the UK.

The Bank of England has again moved to temper expectations of an early rate rise, despite the UK unemployment rate dropping to close to the crucial 7% mark this morning.

Mohammed El-Erian, chief executive of PIMCO and the man perceived by many as Bill Gross' heir apparent at the largest bond manager in the world, has resigned from his role.

Investec's top-performing UK Smaller Companies manager Philip Rodrigs is to leave the company.

Capita Asset Services is predicting a record year for UK dividends in 2014, despite a lacklustre period for dividend returns last year.

Scott Goodsir, head of UK wholesale at BNY Mellon, is leaving his role after 15 years at the company to become head of UK distribution at Skandia.

Three former Rabobank traders have been charged in the US with manipulating the yen LIBOR benchmark interest rate since 2006.

Multi-asset managers are finding renewed opportunities in UK government bonds as they try to eke out value for their portfolios at the start of 2014.