The new £75bn fund management business comprised of Resolution Asset Management (RAM) and Axial Investment Management will be called Ignis Asset Management, it has been confirmed.

Witan Investment Trust, the £1.16bn multi-manager global growth investment trust, has hired a new CEO to replace Jim Horsburgh, who will retire at the end of October after five years in the role.

Advisers are increasingly telling clients to invest in cash and bonds as stock market volatility continues, according to Virgin Money.

Fidelity FundsNetwork has launched a tax wrapper anaylser in a bid to help advisers assess which tax wrappers best suit their clients' investment needs.

Most small firm pension schemes may be forced to shut in 2012 unless the Government cuts the benchmark for exemption from personal accounts, a study suggests.

Zurich has enhanced its regular payment facility on SIPPs and increased its range of wider assets available.

Funds of hedge funds (FOHF) recovered in the second quarter, except for those focused on Asia or emerging markets, according to Standard and Poor's (S&P.)

Despite threats of market volatility, opportunities will arise in the UK growth and income sector, according to Henderson.

F&C has this afternoon completed the merger of its UK and Ireland property operations with asset manager REIT.

The Bank of England's Monetary Policy Committee (MPC) voted to maintain the official Bank Rate paid on commercial bank reserves at 5%.