The arrival of the Retail Distribution Review (RDR) and the decision to stem flows into Richard Woolnough's corporate bond funds saw M&G's UK retail business suffer outflows in H1 2013.
M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.
M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.
M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.
As the trend towards short-termism among fund pickers grows, Simon Evan-Cook, manager on Premier's multi-asset funds, asks: should some investors be banned from buying active funds?
Over the past month losses have racked up across bond sectors after comments from the Federal Reserve signalling the end of quantitative easing spooked global markets.
M&G's director of UK advisory has predicted it could take up to two years to properly gauge demand for restricted propositions among the adviser community.