Vanguard's head of European institutional business Simon Vanstone has died aged 53, the company has said.

Ascentric has posted a £0.6m loss for the 2013 financial year after "significant" investment in technology which cost it £1.6m.

Platforms could be hit with a £10m bill in order to make sure they comply with new EU tax rules, the Tax Incentivised Savings Association (TISA) has warned.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.

Investors will find their choice of platforms has halved in as little as ten years' time, according to FundsNetwork advisory services head Jon Everill.

Bank of England governor Mark Carney has hinted interest rates could rise in the spring of next year as the UK economy continues to recover from one of the worst downturns it has ever faced.

Investors in all parts of the UK will face increased costs if Scotland votes for independence, Hargreaves Lansdown has warned.

Advisers using FundsNetwork may convert clients to funds' clean share classes en masse from January 2015, the platform has said.

Investors in Charles Stanley saw the value of their shares plummet by more than 10% this morning after the firm issued a profit warning.