The Financial Ombudsman Service (FOS) has ordered network Pi Financial to compensate two clients it recommended invest in an unregulated collective investment scheme (UCIS).
Kames Capital is launching a Global Equity Income fund for Piers Hillier and Mark Peden, while the group has also announced details of its new RDR share classes.
Standard Life Investments (SLI) has promoted Mikhail Zverev to the role of head of global equities.
Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.
SVM's Donald Robertson has resigned from the group he co-founded back in 1990.
Fidelity Worldwide Investment has handed its £1.1bn Japan Advantage fund to Mark Buffett as Ron Slattery steps down from fund management due to family circumstances.
Finland's foreign minister said the country is taking measures to prepare itself for a full-blown currency crisis in Europe.