Aviva Investors head of credit Mark Wauton will temporarily assume management of its Distribution fund after Dominic White's decision to leave the group.

IFAs are becoming more reliant on income from commission, despite regulatory pressure to move towards a fee-based model, research from Russell Investments shows.

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

The FTSE 100 fell sharply on opening this morning, with another poor day in Asia cancelling out yesterday's gains for London's blue chip index.

Advisers with clients invested in the Arch cru fund range are seeing the cost of their professional indemnity (PI) insurance rise on the back of the products' suspension, the Investors Committee claims.

The Dow Jones has opened lower this morning following news US personal income has suffered the largest drop in four years.

The FTSE 100 rolled back some of yesterday's gains this morning, with Standard Chartered among the early casualties after announcing surprise plans to issue £1bn in new shares.

Daniel Godfrey has stepped down from his role as director general of the AIC, after 11 years in the job, to "seek a new challenge".

The FTSE 100 has this morning begun to reclaim some of yesterday's losses, with a buoyant Schroders ahead early on the back of an upgrade from Morgan Stanley analysts.

Retail investors are starting to pile back into equity funds at the end of a record quarter for sales, according to the latest IMA monthly figures.