There are too many small, illiquid investment companies within the closed-ended sector which will struggle to win a place on wealth manager buy lists post-RDR, argues Standard Life Investments.

Former Prime Minister Tony Blair said the UK must keep open the option of joining the euro if the current crisis is resolved.

STORMBREAKERS

UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.

Hargreaves Lansdown's investment manager Ben Yearsley has left the firm, Investment Week understands.

Investment bank Morgan Stanley has warned the ramifications of Greece exiting the euro are more serious than markets are anticipating, with a full-scale eurozone collapse now more likely.

Skandia Investment Group (SIG) has warned fund management groups which have integrated risk-rated tools into existing multi-asset propositions they are in danger of ‘misleading' investors.

Goldman Sachs Asset Management (GSAM) has identified four markets it expects will post stellar growth over the next decade, potentially rivalling BRIC nations.

The final part of Edward Bramson's strategic review into F&C Asset Management has revealed plans to expand its range of investment trusts and to market F&C multi-manager funds direct to consumers.

Vince Cable has voiced concerns there will be dire consequences for the UK's economy if Greece were to exit the euro and debt contagion spread.