Alliance Trust has begun to implement plans to relocate parts of the business to England, amid growing uncertainty caused by the upcoming referendum on Scottish independence.

George Osborne is potentially facing a £20bn black hole in the public purse when he delivers the next Budget, according to a recreation of government models put together by the Financial Times.

Platforms attempting to dodge the cash rebate ban by paying consumers units in a cash fund would be acting in an 'incredibly foolish' manner and going against the spirit of the rules, Fidelity has warned.

Schroders today said profits at its wealth management business had rebounded sharply following the takeover of Cazenove in July, while asset management profits also jumped as the business moved on from the loss of star manager Richard Buxton.

Lloyds Banking Group has said it intends to pay its chief executive £4.9m in 2014, as well as paying some staff bonuses worth double their annual salaries.

M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.

Members of Invesco Perpetual's sales team have left the business in order to join Neil Woodford's new venture, Investment Week understands.

UK investors put the most money into Absolute Return funds for over four years in January, as retail investors re-evaluated their equity exposure.

Invesco Perpetual is launching a new discounted share class for five of the UK's largest platforms, offering their users cheaper access to its fund range, Investment Week can reveal.

Hargreaves Lansdown has confirmed a number of its new discounted fund deals will be subject to HMRC's rebate tax, with only 9 of the 27 funds on its Wealth 150 Plus list available via preferentially priced share classes.