News

Prudential Funding (Asia) grew its new business profit in the third quarter of 2026 to $709m up 1% for the same period, leading to an increase in the total new business profit for the year of $2.09bn, up 6%. the year-to-date. The Asia and Africa life and health insurer reported an increase on qualit

M&G has reported a seventh consecutive quarter of growth, with third-quarter net inflows from open business of £1.8bn, including £700m from asset management, taking the 2026 total to £4.2bn. Life delivered £1.1bn of open-business inflows in the third quarter with the publ

Transactions and other services depend on relationships. A business lunch gives you space to ask another question, explore an idea and find common ground, away from the formal meeting agenda. For professionals meeting in Glasgow, The Superlative Collection brings together a choice of centrally locat

Investors have shared their thoughts on what the US midterm results mean for financial services and markets, after Congress swung in favour of the Democrats. Many investment managers said the results mean “something and nothing at the same time”, pointing to President Donald Trump’

Sandy Begbie has announced his intention to step down as chief executive of Scottish Financial Enterprise by next summer’s AGM. Mr Begbie was appointed CEO of the financial services trade body in October 2020, following a career which included senior roles at Tesco Bank, Aegon, Standard Life,

Clear Bank co-founder has raised £5m for his new dedicated financial and digital infrastructure for the sport economy. SPORTA is aiming to become the UK's first sports bank. It received the the follow-on investment from the Lazaroo-Hood Group.

Private equity investor Aliter Capital has completed the fundraising for a new £50m Annex Fund. The new fund has been created to support the growth of two of its established technology platforms - Technology x People (TXP) and Serbus. TXP is a systems integrator focused on technology consultan

The Bank of England and Prudential Regulation Authority (PRA) are exploring reforms to modernise the credit union sector, focusing on driving growth, digital innovation and improving financial outcomes for members. Credit unions, which are member-owned organisations that typically focus on savings a

Workplace pension provider Cushon has called for four improvements to strengthen the UK’s climate resilience through private market investments, urging the pensions industry to include climate adaptation on the productive finance agenda. Cushon co-authored the white paper with the University o

Accountancy and business advisory firm BDO has promoted three people to partner in Scotland. The new partners are Claire Robertson, who joins the consulting, risk & outsourcing team; Ally Rolland, who joins the business restructuring team; and Craig Goold, who joins the deals team.

The Pensions sector has welcomed the Department of Work and Pension (DWP) plans to "resurrect genuine pensions for millions" of private sector workers. As part of the UK Government consultation, around 17m private sector workers now saving into a pension will be given the option of an income in reti

BlackRock Greater Europe Investment Trust is to become BlackRock European Growth & Dividend Trust and will introduce a higher dividend target, lower fees and a performance-linked tender offer, after it trailed its benchmark by 12 percentage points in the year to 31 August 2026. The decision foll

Martin Gilbert’s River Global has urged shareholders to approve its departure from the AIM market so it can become a private company, as part of plans to wind up the business once it has sold its last major asset, a 30% stake in the investment platform Parmenion. The company has been a 'cash s

Private Equity group CVC Capital Partners is establishing a base in Edinburgh, in a boost to the city’s asset management sector. Our sister website Daily Business broke the news of the new office in South Gyle will be home to 20 employees as the firm builds its presence in the city a

Jim McColl has stepped down from the board of Alba Bank which he set up to finance small and medium sized businesses. The accountant who turned Clyde Blowers into an engineering force before taking control of Ferguson Marine, created the Scottish challenger bank in 2018.