Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.

Brian O'Neill, one of the country's longest-serving fund managers, is to retire from his role running the Henderson Global investment trust next year.

Fidelity Worldwide Investment has secured the lowest cost share class deals available from the vast majority of its major fund partners after groups signed up to its Access programme.

Jupiter Asset Management's chief executive Edward Bonham Carter is to hand over his role to Maarten Slendebroek in March next year.

The Chancellor George Osborne said the "great recession" seen after the global financial crisis in 2008 had an even more detrimental impact on the UK economy than previously forecasted.

The Chancellor has cut the UK's borrowing levels substantially in the Autumn Statement, significantly revising down March's forecast.

The UK's surprise economic recovery looks on course to continue as Chancellor George Osborne raised his forecast for UK growth over the next few years, based on figures from the Office for Budget Responsibility (OBR).

Hargreaves Lansdown has pushed back its widely anticipated pricing announcement until next year, having previously said it would be revealed in early December.

Fund groups signed up to Skandia's WealthSelect proposition are holding further talks with the platform after it altered its pricing plans, sparking concerns over margins.

AJ Bell has introduced a capped annual charge on its new-look D2C platform Youinvest as it unveils its pricing strategy for 2014.