Scotland's banking sector could suffer an Icelandic-style crisis if the vote for independence is approved, Standard & Poor's has warned.

Investors have been selling out of Russian equities since the country's stand-off with neighbour Ukraine escalated in early March and caused shares to plunge, but one fund manager has been buying back in despite ongoing tensions.

Multi-managers are continuing to turn to commercial property as they seek to combine capital growth with new income streams.

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ING Investment Management has launched duration-hedged share classes for a trio of its funds in a bid to give investors an alternative to short-dated bond funds.

Annuity provider Just Retirement has launched a one-year annuity following sweeping pension reforms announced in the recent Budget.

Neptune's Rob Burnett has been adding to peripheral European banks in anticipation of a share price bounce after this year's round of stress tests are completed.

Sterling has climbed to a four-year high against the dollar after the UK's jobless rate, one of the triggers for an interest rate rise, was breached.

Ardevora founder Jeremy Lang has been shorting "in denial" UK companies reliant on emerging markets, while attempting to exploit the domestic recovery.

Brooks Macdonald has seen funds under management climb by 4.2% in the first quarter of 2014, results have revealed.