Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

Legg Mason Global Asset Management is renaming all the sub-funds within its Dublin-domiciled range to include the Legg Mason name.

Neptune has appointed former chief executive of Cazenove and JPMorgan Cazenove Robert Pickering as a non-executive director.

Skandia has appointed Cohen & Steers to manage its $300m Reits Global Property Securities fund in place of La Salle Investment Management, which had run the fund since its launch in 2005.

Invesco Perpetual is launching a split-capital investment trust later this month, to be managed by Martin Walker.

A raft of new measures designed to give regulators more power in tackling city crime are to be unveiled in the Queen's Speech this week.

Former Cofunds director, Mark Campbell, has passed away after a two year battle with cancer.

F&C's Fatima Luis is planning to reduce her exposure to high yield names by at least 10% in both her £125m Extra Income Bond and £225m Strategic Bond funds.

OBSR has upgraded both the £1.2bn M&G Optimal Income and the £2.8bn Fidelity Special Situations funds to AA ratings.

Unemployment in the UK continued to rise in the three months to September, although the 30,000 increase was the smallest since May 2008.