The FTSE 100 opened higher, up 0.47% or 25.67 points to 5,453.82, in response to Friday's better than expected US jobs data.

Independent providers of structured products could see biggest threat to business model yet as sector comes under RDR spotlight

BlackRock has made changes to its fund range including the planned closure of its Japan vehicle and alterations to the investment strategy and name of its High Income Bond portfolio.

Gervais Williams has resigned from Gartmore and will leave the firm at the end of September.

Old Mutual has hired HSBC's Christine Johnson to run its Dynamic Bond fund.

Sarasin's Mark Whitehead has increased his fund's long equity exposure from 40% to 60% since July, attracted by low valuations and a strong Q2 reporting season.

The FTSE 100 opened higher, up 0.25% or 12.95 points to 5,238.17, supported by encouraging economic data coming out of China this morning.

George Luckraft's Framlington Innovative Growth trust faces liquidation after investors representing more than 50% of its shares opted for a cash exit.

Skandia has handed Henderson a £7.2m mandate within its £60m UK Strategic Best Ideas fund.

Marlborough has added five new funds to its range with the acquisition of the UK investment arm of Sun Life Financial of Canada.