M&G

Anne Richards to leave her role at Aberdeen

Life is a rollercoaster...

Suggested replacing incentive share awards

Ousted IA chief plans investment management role

Mark Barnett and Richard Woolnough funds proving both popular and unpopular with advisers and investors

£550m in combined AUM

Mixed fortunes: Which fund groups soared in H1?

Investors have taken £2.7bn of their money out of M&G's flagship Optimal Income fund in three months after weaker performance due to manager Richard Woolnough's cautious stance.

Richard Woolnough, manager of the £24bn M&G Optimal Income fund, says he is at a loss to understand why the US is holding off on raising interest rates.

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.