J.P. Morgan Asset Management's Stephanie Flanders has said that investors should "expect less of everything" in future - including investment returns - because of the weakness of the global economy.

Quilter Cheviot has handed the leadership of its Edinburgh office to Mark Hallam, as current head Alan Aitchison steps back from the role.

Graham Mudie has joined Aviva Investors' sales teams from Standard Life Investments, as chief executive Euan Munro continues to recruit from his former company.

Miton has hired former JO Hambro Capital Management manager Carlos Moreno to lead a new European equities strategy for the firm.

Investment trust discounts have hit a fresh historic low, according to new figures from the Association of Investment Companies (AIC).

Mark Mobius has stepped back from his role as lead manager of the Templeton Emerging Markets investment trust after 26 years, to be replaced by Carlos Hardenberg.

Smith and Williamson's James Burns has said that value is beginning to re-emerge in the investment trust sector, after discounts significantly narrowed at the end of last year.

HMRC is to hold regular stakeholder forums to help clarify and develop the rules surrounding EIS, SEIS and VCT schemes.

Corporation tax is to be cut further, to 18% by 2020, the Chancellor has announced.

Chancellor George Osborne has announced in the Summer Budget that banks will face a new 8% surcharge on profits.