India was the best performing investment fund sector over the summer with the infrastructure sector faring the worst, according to new analysis.

The Investment Association, the fund manager trade body, is to create eight new sectors from the Global and Specialist sectors from 13 September.

The FCA has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.

The Association of British Insurers has put forward a template for future trade agreements with non-EU countries to help pave the way for UK-based insurers to expand their operations to new countries.