Platforms could be hit with a £10m bill in order to make sure they comply with new EU tax rules, the Tax Incentivised Savings Association (Tisa) has warned.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.

The US Federal Reserve has created a committee to monitor financial stability and help prevent the emergence of asset price bubbles.

Barclays has appointed Aviva's John McFarlane to succeed Sir David Walker as chairman in 2015.

The Brazilian government's economic policies have been a particular bugbear for investors, who have turned their back on the country in recent months, but a number are now increasing their exposure in the expectation there may be a rally if the voters...

Investors will find their choice of platforms has halved in as little as ten years' time, according to FundsNetwork advisory services head Jon Everill.

The pace of UK growth picked up again over the summer months, according to latest estimates, but AXA IM has suggested the recovery may be shortlived if Scotland votes for independence in September.

Bank of England governor Mark Carney has hinted interest rates could rise in the spring of next year as the UK economy continues to recover from one of the worst downturns it has ever faced.

Fund management groups are tightening rules around investing in Russia, in some cases discouraging portfolio managers from adding to positions.