Legg Mason has announced it intends to buy Martin Currie in the last quarter of the year for an undisclosed sum.

Platform Parmenion has reported a surge in profits of more than 100% in the last year, after its assets under management rose above £1bn.

Brooks Macdonald said today it will complete a deal to buy risk-adjusted funds house Levitas Investment Management "imminently" after reporting another jump in discretionary assets under management.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.

The Financial Conduct Authority has launched a consultation which may lead to early removal of the requirement for companies to publish interim management statements.

Neil Woodford is running his largest allocation to overseas stocks since 2013 as he begins management of his new UK equity income fund.

Invesco Perpetual is taking steps to work more closely with discretionary firms and wealth managers after restructuring its sales team.

Chelverton Asset Management is to launch a small-cap fund in September after expanding its team of fund managers.

The Financial Conduct Authority (FCA) is to launch a probe into competition within the asset management industry, focusing on whether practices in the wholesale space are having a negative effect.

Positive economic news in the US and the continuing recovery in the UK have pushed equity valuations near to peak levels. So where can investors turn for protection in case markets fall from here?