The pound could dive a further 10% in as little as a week if a 'yes' vote on Scotland is approved, witnessing a sell-off reminiscent of sterling's fall on Black Wednesday more than 20 years ago, a manager has warned.

Fidelity Worldwide Investment has overhauled the remit of Peter Khan and Ian Spreadbury's Global High Yield fund in order to diversify away from the US and increase exposure to emerging markets.

The discount on Julie Dean's Schroder UK Growth investment trust has jumped sharply in the last few days following the announcement of her exit from the group.

Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.

Sterling tumbled in overnight trading and was poised for further losses on Monday after the latest poll suggested Scotland is on course for independence.

Richard Pursglove has exited Artemis Fund Managers after just a year at the group.

Simon Brazier and his UK equities team are leaving Threadneedle Investments to join Investec Asset Management.

A rival to Nutmeg? Under the bonnet of Hargreaves' direct discretionary service

Capita's administration arm has written to a number of Arch Cru investors asking them to return money from the redress scheme, after the payouts breached tax rules.

Old Mutual Wealth chief executive Paul Feeney has contacted clients to defend a decision to shut the Skandia Invesco Perpetual income funds, pointing to "truly exceptional circumstances" following Neil Woodford's departure.