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Big Four accountancy firm Deloitte was found to have helped falsify documents to hide Russian oligarch Roman Abramovich’s wealth and evade tax. The firm signed off accounts in Cyprus, meaning assets such as mansions, private jets and superyachts worth £508m disappeared from the former Ch

Baillie Gifford US Growth Trust chair Tom Burnet has written to the Secretary of State for Scotland Douglas Alexander and Economic Secretary Lucy Rigby urging the Government to help protect the UK investment trust industry from activist hedge funds. Burnet has been calling on retail investors to vot

Gillespie Macandrew has appointed three new senior appointments to strengthen its planning, corporate and finance teams. Nikki Robertson joins the firm as head of finance. She brings expertise in financial planning and analysis, business partnering, governance, regulatory processes and Board-level r

FinTech platform Wise is negotiating a settlement with HM Revenue & Customs after errors in its software led to around 4,000 of its investment customers paying the wrong amount of tax. Around 4,000 users of its Wise Assets service were notified that they had been provided with incorrect tax stat

HSBC is axing jobs at its UK wealth division following a push to reduce costs through the use of artificial intelligence. The lender is currently consulting to changes it wealth management operations as part of the shake-up, which would impact the hundreds of relationship managers and financial advi

LendInvest has announced an overhaul of its Buy-to-Let (BTL) tracker range, removing early repayment charges (EPCs) across all tracker products, reduced initial pay rates and boosted maximum Loan-to-Value (LTV) limits on specialist asset classes to 75%. The move is understood to empower landlords to

Baillie Gifford has launched its new Baillie Gifford Enhanced Yield Fund (BAGEY) to eligible professional investors in Switzerland, the UK, Hong Kong and the Cayman Islands. The new fund is designed for financial institutions, fintechs, and regulatory bodies driving the adoption of tokenisation

UK crypto-as-a-service platform Zumo has launched a new UK Cryptoasset Regulation Tracker to help crypto firms and other financial institutions better align with incoming regulatory obligations. With the Financial Conduct Authority’s (FCA) authorisation gateway opening on September 30, firms a

Lloyds Banking Group has poached Coutts Veteran Franklin Asante to strengthen its private banking team. Mr Asante joins Lloyds as head of entrepreneurs at its Mayfair office following more than 18 years at private bank Coutts.

Baillie Gifford's Schiehallion Fund saw its shares move from a small premium to a steep discount to net asset value (NAV) in the six months to July 2026. Shares at the investment trust, which backs later-stage private growth companies, traded at a discount of 14.4% at the period end, reversing a 0.4

Thomson Cooper has promoted Chris Steedman to audit director and opened a third office. Mr Steedman was recently award Responsible Individual (RI) status by The Institute of Chartered Accountants of Scotland (ICAS). He joined Thomson Cooper as a Senior Audit Manager in 2025 following a senior manage

UK Banks have completed their first live transaction with customers using tokenised Sterling deposits, marking a major milestone for payments innovation in the UK. Tokenised deposits are digital representations of traditional commercial bank money. UK Finance, the trade association for the financial

Monzo has launched a new auto-investing cashback credit card following a surge in demand for tools that turn routine money saving habits into long-term financial progress. The fintech claims to have save more than £1.43bn for customers via its automated round-up tool since 2018, with £26

The Society of Pension Professionals (SPP) has warned that millions of self-employed people are being left without a route into pensions. A new paper by the SPP, titled The Missing Millions: Rethinking Pension Policy for the Self-Employed, calls for a fundamental rethink of how the UK helps people w

Nigel Green has claimed that the UK could be “Truss’d” in a stark warning as gilt yields surge, drawing comparisons with the market turmoil that followed Liz Truss’s mini-budget in 2022. The chief executive of deVere Group, one of the world’s largest independent financi