The UK economy grew at 0.7% in the final quarter of 2013, official figures confirmed today, in line with the preliminary estimate, although 2013's overall growth rate was revised down.

Henderson today reported a bumper set of results for 2013, including record profits, following a return to positive UK retail flows.

EU policymakers have agreed a deal on pay in the asset management industry which includes a requirement that fund managers be paid half of any bonuses in units of their own funds.

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Fidelity Worldwide Investment's UK managing director Hugh Mullan is to step down in April, Investment Week can reveal.

Martin Currie is to cut down the size of its UK-domiciled Japan fund range, merging John Millar's Japan fund into the group's Japan Alpha offering, Investment Week can reveal.

Scottish first minister Alex Salmond has accused the three main UK parties of "bluff, bluster and bullying" after they rejected plans to share the pound with an independent Scotland.

Zurich Life has blamed a drop in its bond business on the impact of the Retail Distribution Review (RDR) - as it reveals a 42% fall in operating profits.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

Sterling has climbed against a basket of currencies including the dollar this morning after the Bank of England altered its forward guidance policy and revealed GDP is expected to overshoot expectations.