International investors have begun selling out of UK gilt holdings on uncertainty over how Britain will manage its debt pile in the next parliament.

Charles Stanley is to raise £15.8m through a share placing as part of plans to "modernise" and refocus the business following a strategic review.

Old Mutual group chief executive Julian Roberts is to step down in the fourth quarter of 2015, to be replaced by Standard Bank executive Bruce Hemphill.

Jupiter has reported £872m in net inflows for the first three months of 2015, its highest quarterly figure since its initial public offering in 2010.

Hargreaves Lansdown shares dropped as much as 4% after co-founder and majority stakeholder Peter Hargreaves stepped down from the company's board with immediate effect.

AXA IM has hired a sell-side healthcare specialist as the permanent replacement for former Health fund manager Gemma Game, who left the group last year.

With less than four weeks to go until the general election, wealth managers and strategists give their view on how investors should be positioned.

Woodford Investment Management (WIM) has increased the initial fundraising limit for its Patient Capital trust from £500m to £800m in response to investor demand.

AXA Investment Managers is to merge its Framlington Equity Income fund into the Framlington Monthly Income fund, subject to unitholder approval.

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.