Former BBC economics editor and now J.P. Morgan Asset Management's chief market strategist for the UK and Europe Stephanie Flanders give her run down of what investors can expect in the year ahead.
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.
IFAonline's sister title Investment Week's Investment Company of the Year Awards 2013 were held last night in London, rewarding the top talent within the closed-ended fund space.
US investment banking giant J.P. Morgan Chase has agreed a mammoth $13bn (£8bn) settlement in relation to sales of residential mortgage-backed securities which contributed to the financial crisis.
JP Morgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash.
Yesterday Aberdeen Asset Management confirmed rumours it was in talks to buy Scottish Widows Investment Partnership (SWIP), a deal which would make it the largest listed fund management firm in Europe.
J.P. Morgan has reportedly agreed to pay an £8bn ($13bn) fine as part of a settlement with the US over its role in the mortgage-backed securities market, which led to the near-collapse of the US financial system.