UK equities dipped this morning after closing at a 14-year high yesterday, with falls in commodity markets hitting miners.

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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.

Investors have sunk nearly £35bn into underperforming funds, with Fidelity the worst offender by number of products, according to Chelsea Financial Services.

Franklin Templeton has launched a short duration bond fund for European fixed income head David Zahn.

Angela Merkel's government is the latest to back the US Federal Reserve's withdrawal of monetary stimulus despite continuing emerging market turmoil, reports have suggested.

The Scottish government will be able to issue its own bonds from 2015 in a 'historic' devolution of borrowing powers, the Treasury has announced.

The Financial Conduct Authority (FCA) has won its battle against two unauthorised investment schemes after the High Court ruled they were to be classed as collectives and therefore must be regulated.

Smith & Williamson and Pictet Asset Management are both to cut annual management charges (AMCs) on a variety of funds as part of an overhaul of clean pricing strategies.

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