Sterling fell further this morning as political leaders headed to Scotland to encourage a 'no' vote.

The Investment Management Association has highlighted the scale of any regulatory changes that may be necessary if Scotland votes for independence, after revealing 11% of total fund industry AUM is now run by Scottish-based groups.

Scottish wealth manager Turcan Connell Asset Management has started to launch private OEICs for its wealthiest clients in a bid to improve tax efficiency, as well as attract more high net worth customers.

Oil majors can rebound

Markets across the globe were mixed overnight as investors reacted to a series of stimulus measures introduced in Europe to stave off the downturn.

UK equity managers say investors are starting to be rewarded by the mega-cap miner turnaround story, despite a mixed round of results from some of the mining giants in the last few weeks.

The Financial Conduct Authority's probe into in-house fund ranges has split the wealth management community, with some groups abandoning propositions but others still keen to enter the space.

Banking giant Lloyds has said it could move its business to England if Scotland votes for independence, leaving its Bank of Scotland arm to be run as a foreign division.

Miton is to rebrand a trio of PSigma Asset Management funds following its acquisition of the firm last year.

Brewin Dolphin has negotiated a deal to reduce its payout to Figaro Technology after it backtracked on plans to roll out a new computer system earlier this year.