UK

Guy de Blonay's defection to Jupiter raises serious concerns about the integration of Henderson and New Star, Chelsea Financial Services' Darius McDermott believes.

Henderson's head of UK wholesale Laurie Jaques has left the firm to pursue opportunities elsewhere.

Threadneedle is closing its UK Money Securities fund after it experienced huge losses and redemptions since the start of the credit crunch in summer 2007.

Bonds continue to dominate UK net retail sales although equity funds are starting to gain ground, according to IMA sales figures for July.

The ABI will create a new investment sector called Deposit & Treasury, which will have stricter limits than the existing money market category.

Consumer confidence in the savings market is up to its highest level since June 2008 but many are still not saving, according to Nationwide.

Fund Manager Presentation

Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.

Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset manager.