Fund managers are urging caution following a dramatic week for investors, saying the traditional strategy of buying on market falls may no longer make sense.

Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Professional Adviser's sister title Investment Week understands.

Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry.

The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months on 15 October.

The unbundling of dealing commissions could have a more significant impact than the Retail Distribution Review on asset managers, with smaller groups and fund ranges particularly at risk, analysts have warned.

The PIMCO Total Return bond fund shed a net $23.5bn in September, latest figures show, as outflows accelerated following Bill Gross' departure.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

Old Mutual Wealth chief executive Paul Feeney has told analysts that platforms must seek to integrate with other businesses if they are to survive in the coming years.

Newton's Richard Wilmot, manager of the group's £1bn UK Equity fund, is to leave the company, Investment Week can reveal.

The Financial Conduct Authority (FCA) has created a dedicated fund supervision unit to regulate and monitor individual retail funds for the first time, in a bid to better safeguard investors and consumers.