Leading fund managers have been recognised as ‘best in class’ in the annual awards of independent fund rating agency RSMR.

The Financial Conduct Authority has warned fund managers to improve their value assessments to ensure they deliver fair value for retail consumers.

The fund managers’ trade body - the Investment Association - has appointed Patrick Thomson, CEO, EMEA, of JP Morgan Asset Management, as its new chair. 

JP Morgan and Liontrust have suspended funds exposed to Russia following the invasion of Ukraine.