Woodford Investment Management has increased the potential size of its new Patient Capital fund from £200m to £800m due to indicative support from investors and advisers.

With an eye on the retirement market, AXA Wealth is providing exclusive five month access to the AXA Lifetime Distribution Fund managed by sister company AXA Investment Managers.

IFP chief executive Nick Cann - who is on long term sick leave recovering from stroke - is planning to undertake a 100 mile cycle ride in May to raise money for the Stroke Association.

Aberdeen Asset Management has launched four low cost multi-asset funds as options for long term saving with an eye on the retirement savings market. The company is also launching a range of education material aimed at the retirement sector.

New research has found that 89% of the UK population do not consider saving for retirement a priority and 15m people are not saving at all.

European ETF assets have reached a milestone of £327bn after 15 years in existence with Blackrock predicting they will have assets of over £650bn (US$1 trillion) in less than five years from now.

The Bank of England announced today that it will keep its Bank Rate at half a per cent in the last review before the General Election on 7 May.

The investment and Financial Planning group Tilney Bestinvest has appointed Martin King as managing director of investment management.

SunLife, the direct-to-consumer financial services company, has appointed Mark Jones as protection director from LV=.

Expat-focused financial advisory group AES International has raised concerns about the impact of the new pension freedoms on expatriate workers.