Charles Stanley chief executive Sir David Howard is to step down following new European Union (EU) rules demanding firms separate the roles of CEO and chairman.

The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.

The UK financial services industry's hand in European Union negotiations has been strengthened by the surprise appointment of a Conservative peer to the key role of European Union (EU) commissioner for financial services.

Hargreaves Lansdown has reported a record pre-tax profit of £209.8m for the year to 30 June after it weathered the impact of changes to its charging model and falling returns on cash.

AXA Investment Managers has hired former J.P. Morgan AM manager Bill Healey and former New Star manager Phil Roantree to boost its fixed income team.

Online wealth manager Nutmeg is aiming to treble its user base in the coming months as it seeks to get up to scale after posting a loss for 2013.

Wrap platform Novia has formed a strategic partnership with Tavistock by teaming up with Cocoon Investments to acquire a £250,000 stake in the business.

The Bank of England will hold off on hiking rates for six months if it does not act by November - leaving a "clear run" for investors until the general election, Richard Buxton has predicted.

Jupiter Asset Management's Derek Pound is to leave after 20 years of service as the group shuts its Global Energy fund, Professional Adviser's sister title Investment Week can reveal.

Barings has hired two former Schroders managers to strengthen its investment team after multi-asset managers Andrew Cole, Percival Stanion and Shaniel Ramjee quit the group.