The Financial Conduct Authority has approved Aberdeen Asset Management's acquisition of Scottish Widows Investment Partnership (SWIP).
Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.
Aberdeen's head of emerging market debt has halved currency exposure in his fund after emerging currencies failed to deliver the returns he expected in 2013.
Scotland's £800bn fund management industry has begun to step up contingency plans in the event the country's populace votes for independence this September.
Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.