The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

The Investment Management Association (IMA) has decided not to modify its sector rules governing fixed income funds' currency exposure, IFAonline's sister title Investment Week understands.

Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.

F&C Investments is planning to launch a global small-cap equity fund for Catherine Stanley next month, filling a gap in its smaller companies product range.

FIVE CHALLENGES CARNEY FACES

Investment trust broker Numis said it expects the discount on Schroder UK Growth to tighten, following this morning's announcement Julie Dean will take over managerial responsibilities for the trust.

Schroders' chief executive Michael Dobson has cautioned against further acquisitions, saying the firm will now focus on organic growth after completing a string of deals over the past year.

Schoders reported a pre-tax profit of 17% year-on-year in the first quarter, rising from £95.5m to £115m, after inflows into its fund range more than trebled over the period.

The board of the Schroder UK Growth trust has opted to hand over the management of the trust to Cazeonove's Julie Dean, who is joining Schroders imminently.

The Financial Conduct Authority (FCA) has delayed the publication of its final rules and guidance on unregulated collective investment schemes (UCIS) until June.