The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.

Former Investec energy specialist Mark Lacey is to join Schroders.

Mirabaud has seen the departure of portfolio manager Malcolm White from its global equities desk.

Investing in Chinese equities is not easy - even the most experienced investors can get their fingers burnt trying to find the right stocks to back in an opaque and volatile market - but one manager has a tip for would-be investors.

Ignis Asset Management is preparing to expand its product range as it reports profits for the first half of the year were unchanged from H1 2012.

Edward Bramson is to stand down from his role as chairman of F&C Asset Management, to be replaced by Kieran Poynter.

Fears over the end of QE in the US and stronger data from the eurozone caused UK and US government bond yields to jump on Monday, surprising investors.

Tapering panic has driven a major sell-off in government bond markets over the last month, but bond investors suggest there is scope for yields to go even higher from here.

Fitch Ratings has said any potential break-up of Royal Bank of Scotland (RBS) is 'unlikely' as the costs and risks would outweigh the benefits.

Henderson Global Investors is preparing to merge away three portfolios as it continues to streamline its fund range.