Equities

The Financial Conduct Authority will conduct an investigation into Tesco after the firm overstated its estimated half-year profits by £250m.

National advisory group Lighthouse has reported a near-£90k profit for the first six months of the year, up from a £232k loss in 2013, as average adviser earnings rose.

Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, as headwinds continued to impact its global investment approach.

L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.

Aegon has launched a High Income fund intended to help investors take advantage of pension freedoms coming announced in the Budget.

Where did the smart money go in August?

Old Mutual Global Investors (OMGI) has appointed a new Asian equities team headed by Joshua Crabb, previously at BlackRock.

How investment managers are preparing ahead of Scots vote

Fund Focus: City Financial's Mark Harris on why he is positioned against the consensus

The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.