Stock market volatility has been climbing in recent weeks as investors prepare for the first round of interest rate increases since the financial crisis, according to Chief Investment Officer Haig Bathgate.

The toing and froing of markets has on days reached levels of almost 2% to 3%. That's a meaningful amount to spook some investors and enough to worry those companies planning to sell their shares on stock markets, an increasing trend in the past few months.

The reason for these movements is investors trying to anticipate when and where an interest rate increase will come – whether this happens in the UK or US first, or in six or 12 months' time, can affect the potential value of a host of investments. The first increase is most likely to be seen in the US, where the economy is forging ahead, posting an annualised gain of 4% in the second quarter.

Haig, speaking on BBC Radio's Good Morning Scotland, also talked in advance of earnings at insurers Aviva, dogged by a harsh winter and reforms of the UK annuity market, and RSA, where Chief Executive Stephen Hester is in the middle of a turnaround plan.

You can read a transcript of Haig's interview here.

This content was generated prior to Turcan Connell Asset Management Limited operating as Tcam.