Fund manager Franklin Templeton is to acquire rival Legg Mason in a deal which will create a global business managing £1.15 trillion in assets.

Three fund management groups have injected £39.4m into the retirement and SIPP provider Embark Group to help fund growth and acquisitions.

Advised investors in the UK are outperforming DIY investors by more than 25% a year, according to a survey by a fund manager.

Half of UK investors continue to be impacted by their experiences of the Global Financial Crisis, basing their investment decisions on the events that took place a decade ago, a survey has shown.