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.

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.

Skandia has handed a £640m life mandate currently run by Invesco Perpetual's Mark Barnett to Neil Woodford, in a move Hargreaves Lansdown analysts suggest may be the first of many.

Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.