Rathbone Unit Trust Management (Rathbones) will introduce its High Quality Bond Fund to a broader base of cornerstone UK investors, it has revealed.

AFH Financial Group, the Financial Planning-led wealth manager, is to raise up to £20 million on the stock market through a bond issue to fund future acquisitions and investment.

Administrators have been appointed at mini-bond and ISA firm London Capital & Finance (LCF), which has 14,000 bondholders with holdings totalling £236m.

The FCA has ordered a firm to immediately cease marketing its ISA and Bond products.