A group of MPs will next year evaluate the impact of the Retail Distribution Review (RDR) - with a particular focus on the ban on commission - in what represents the first independent, external probe into the RDR's influence.

Olly Russ, manager of the Argonaut European Enhanced Income fund, is buying into asset managers in Europe, favouring opportunities in financials which provide an alternative to the banking sector.

Asian stocks jumped today as India installed a new central bank governor with ambitious plans to stabilise the falling rupee and support the banking sector.

The IMA has created two new regulatory affairs director roles as part of a restructure to help the trade body meet its strategic priorities.

Allianz Global Investors (Allianz GI) has cut its staff numbers by 150 as part of a strategic overhaul of the business.

Asia specialist Agnes Deng has left Baring Asset Management, handing her $2.3bn Hong Kong China fund to Laura Luo who joins the group from Schroders.

Investment companies may have to change the way they pay for research from banks, as the practice comes under the regulator's microscope.

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.

Baring Asset Management has appointed James Ross to the newly created London-based role of director of investment process.

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.