Jupiter CEO Andrew Formica is to retire as CEO in October and return to his native Australia after three years with the fund manager.

Fund manager M&G has signed a strategic distribution partnership with fintech Fintel to boost distribution for its retail and savings business.

Responsible investment specialist CCLA Investment Management has entered the UK retail market with the launch of a new fund available through wealth managers and Financial Planners.

Fund manager Jupiter has reported a return to better financial health after the pandemic with pre-tax profits up 21% to £217m.