Citi analysts have downgraded platform giant Hargreaves Lansdown to a 'sell' due to expected pressure on revenues as platform fee competition intensifies.

Old Mutual Wealth, the UK's third largest adviser platform with funds under administration of £30bn, will begin bulk converting any remaining clients in bundled share classes to unbundled in February 2015.

Veteran manager Anthony Bolton said he had "no idea what was coming" when he handed over management of the Fidelity Special Values investment trust in 2007.

Investors make only tiny savings from headline-grabbing ‘super clean' share classes, according to new research by the lang cat.

Nucleus has boosted assets under administration by 25% year-on-year in the third quarter after a strong summer for gross inflows.

Vestra Wealth has hired four senior wealth managers specialising in high net worth, entrepreneurial and family clients.

The Japanese yen has plunged to a seven-year low against the dollar in the wake of prime minister Shinzo Abe's announcement of a snap December poll.

The European Central Bank's monetary stimulus programme is likely to fail without full-blown bond purchases and could lead to a recession in the eurozone, Standard & Poor's has warned.

Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.

Japanese prime minister Shinzo Abe has told senior politicians he will delay a proposed sales tax rise and call a snap election in December, according to reports.