Russia has raised its interest rates to 17% to prevent further depreciation of the ruble, which has halved in value against the dollar this year.

Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.

The Scottish government could issue bonds from next April after the Treasury confirmed it had begun a formal process to introduce legislation to that effect.

Bill O'Neill, head of investment office UK at UBS Wealth Management, shares his views on where the risks lie in markets in the coming year.

RWC is to launch a UCITS version of its Japanese Stewardship fund for European investors.

Polar Capital has reported a 'challenging' first half of its financial year after Japanese market movements weighed on the business.

Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.

Oliver Wallin, multi-manager investment director at Octopus Investments, has called for more providers to offer hedged share classes on their funds.

Former Aberdeen UK discretionary sales head Neil Steedman has joined Matthews Asia head of UK business development.

The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.