Jupiter non-executive chairman Jamie Dundas has decided to step down because of ill health.

Standard Life Investments has cut fund manager jobs across 15 Ignis equity funds after handing the portfolios to its own managers following its takeover of the group.

Coutts has put aside £110m to compensate clients who may have been sold unsuitable investments over the past 60 years.

Vanguard is to cut charges on 25 UK and Irish-domiciled funds, including its LifeStrategy range, as it responds to recent price cuts from other providers in the tracker space.

The Financial Conduct Authority (FCA) has fined Deutsche Bank £4.7m for incorrectly reporting financial transactions for six years between November 2007 and April 2013.

The regulator is set to meet members of the Tax Incentivised Savings Association (TISA) to discuss re-registration rules, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose...

Wrap Nucleus saw £725m of inflows in the six months to 30 June, with profits jumping 85% as the platform grew its market share.

Prudential is planning to move into the platform space as part of a drive to diversify its business, the company has told analysts.

Shares in Warren Buffett's firm Berkshire Hathaway have reached a new high of $200,000 each.

International investor demand for European equities helped Henderson boost retail net inflows by more than seven times in the first half of 2014.