Equities

Fidelity has written to the boards of more than 400 companies and warned them it will start voting against remuneration packages for bosses from January unless changes are made which lead to more long-term incentive plans.

Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.

Lloyds Banking Group is set to sell a 12% stake in wealth manager St James's Place (SJP) and take £390m, according to The Sunday Times.

Paul Flowers, the former chairman of the Co-op Bank filmed apparently paying for drugs, has been arrested in connection with a "drugs supply investigation", according to reports.

Life assurer Resolution is in talks over a possible sale of its European private and corporate client wealth planning division, Lombard.

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M&G Global Basics fund manager Graham French is to leave the group, Investment Week, IFAonline.co.uk's sister title, reports.