Invesco Perpetual's £600m Income & Growth fund is to move out of the Investment Association's UK Equity Income sector this Friday (27 February) after failing to meet the trade body's yield requirements.

The Financial Conduct Authority (FCA) has said European dealing commission reforms will benefit fixed income funds, but market participants remain uncertain of the impact of the changes.

The Financial Conduct Authority has ruled out conducting a study into competition in the platform market - despite industry concerns - but is planning closer scrutiny of fund groups.

Aegon UK posted a 37% increase in earnings in the fourth quarter of last year, compared with the same period in the year before, citing increased demand for income drawdown on its platform.

The Financial Conduct Authority (FCA) has said fund groups must do more to ensure they control the risk of market abuse, following a thematic review into the issue.

Investec Wealth and Investment fund research specialist Anthony Leatham is to leave the company for a role at broker Peel Hunt.

Threadneedle's Richard Colwell is adding more to stocks including Centrica and GlaxoSmithKline as he seeks contrarian equity income plays for the months ahead.

Schroders has re-opened Paul Marriage's Absolute UK Dynamic fund and is to shift the portfolio to weekly dealing as a result of "declining liquidity" within the UK equity market, Investment Week can reveal.

The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

Dixons Carphone co-deputy chair John Allan is to replace Richard Broadbent as Tesco chairman, the supermarket has said.