Fund providers are preparing for the RDR deadline at the end of the year by launching share classes without commission and platform fees.
Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.
Allianz Global Investors is to launch a range of risk-rated multi-asset funds in response to growing demand for "outcome-orientated" solutions.
Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.
Kames Capital is to waive the performance fee on its £65m UK Equity Absolute Return fund for the rest of the year, and will cut it in half from 2013 onwards.
Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.