The new-look regulator is to carry out a review of the charges on UK retail funds as it is concerned they may be detrimental to consumers.

HM Revenue & Customs (HMRC) has ruled it will tax rebates paid to consumers.

As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.

Ignis Asset Management saw profits fall by 6% and AUM come down nearly £5bn in 2012, as the renegotiation of its joint venture deals impacted the business in a "year of significant change".

The Evening Standard has apologised to the Chancellor of the Exchequer George Osborne after an image of its front page - meant to be released later today - revealed details of the Budget ahead of Osborne's speech.

The Bank of England voted 6-3 against more quantitative easing this month, saying a further round of purchases could cause an "unwarranted depreciation in sterling".

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.

Chancellor George Osborne is to tell the electorate this week that his debt plans are in ruins, with the deadline for bringing UK debt down pushed back by many years.

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.

Old Mutual Global Investors has confirmed it has hired Schroders star Richard Buxton as its new head of UK equities.