Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.

Aberdeen Asset Management today said outflows from its business had slowed significantly following a sustained period of redemptions, with the group also seeing better than expected flows from recent acquisition SWIP.

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Fidelity Worldwide Investment has cut fees on its passive multi-asset range in another aggressive pricing move.

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.

Old Mutual Global Investors' Ashton Bradbury is to retire from the group at the end of the year.

The Financial Conduct Authority (FCA) has fined Barclays a record £38m for failing to adequately protect clients' custody assets worth £16.5bn.

Holly Mackay, the founder and MD of platform advice, research and events firm The Platforum, has resigned from the business, Investment Week understands.