Financial services group True Potential is to enter the fund management market with the launch of its own 15-strong fund range, a senior partner has said.

Aviva has agreed terms with Friends Life for its £5.6bn takeover of the group, which will create the UK's largest insurance, savings, and asset management firm.

ROUND-UP

Cazenove Capital's CIO Richard Jeffrey looks across the major developed economies to give his outlook for growth in 2015.

Old Mutual Wealth's investment platform expert Mike Barrett (pictured) explains the thinking behind the group's plan to bulk-convert clients to unbundled share classes in 2015.

Chinese ecommerce giant Alibaba has raised $8bn (£5.1bn) in its first approach to the bond markets to raise capital.

Financial Conduct Authority (FCA) chairman John Griffith-Jones said he is glad the Retail Distribution Review (RDR) did not take longer than expected, adding it achieved its aims despite failing to distinguish between guidance and advice.

The Financial Services Compensation Scheme (FSCS) expects to pay out £60m in claims against failed ARM bonds distributor Catalyst Investment Group this year.

UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.

M&G reported a net outflow of more than £1bn in the UK during the first nine months of the year, although this was offset by strong sales in Continental Europe, the group said.