Financial Services

Average financial assets held by UK adults have fallen by more than £13,000 as financial anxiety rises sharply across the country, according to new research from Handelsbanken Wealth. The study found average assets, comprising cash savings, investments, and pensions, dropped over the past year

Transparency, reputation and trust are becoming the most important factors influencing consumers when choosing wealth management providers, according to new a TransUnion study. The company surveyed 1,000 US consumers with at least $20,000 in investable assets to discover how they chose who to hire t

Aberdeen Investments has finalised the sale of its stake in aventron Norway to SEB Nordic Energy. The transaction was executed through Aberdeen's SL Capital Infrastructure I fund, with SEB acquiring the holding via its portfolio company, Locus Energy.

Aviva's UK and Ireland general insurance chief executive Jason Storah (C) Aviva Aviva's UK and Ireland General Insurance chief executive Jason Storah has revealed the insurer wants to "ramp up" its specialty personal lines provision by leveraging newly integrated Direct Line.

JPMorgan American Investment Trust (JAM) has increased its exposure to artificial intelligence (AI) related businesses and added SpaceX, having missed out on the returns this year. The £2.2bn portfolio run by Graham Spence, Jack Caffrey and Felise Agranoff, trimmed the number of shares in Micr

A small Scottish finance firm is taking on industry heavyweights after being nominated for five awards at a prestigious event Channel Finance Group, led by Michael Savage, was shortlisted for five awards at the National Association of Commercial Finance Brokers (NACFB), competing against industry gi

Canaccord Wealth has snapped up the front office teams and client assets of Midlands-based EFG Harris Allday. EFG Harris Allday, a UK based wealth management business, operates as a subsidiary of EFG Private Bank, part of EFG International, which manages £3.1bn of clients assets operating acro

Standard Life has completed the transition of the Scottish Leather Group pension arrangement, with its members joining the firm's contract based group flexible retirement plan. Scottish Leather Group is a manufacturer of sustainable leather solutions, supplying a range of global industries including

Foresight Solar Fund has announced plans to upgrade nine solar and battery storage assets, which could add up to £2.5million in revenue each year and strengthen investors' dividend cover. It is undertaking to update nine of UK solar plants and utility battery energy storage systems (BESS), spa

Specialist international reinsurance broker Willis Re has agreed to buy BMS Groups' US reinsurance division. The broker is hoping the deal will allow it to sharpen the focus of its global reinsurance business as it snaps up BMS Re US, BMS Intermediaries, BMS Capital Advisory and its reinsurance brok

Aviva's UK and Ireland general insurance chief executive Jason Storah has avoided answering questions around the impact of its Artificial Intelligence (AI) investment on the workforce as it continues to adopt the technology. Mr Storah acknowledged that the firm was exploring "how many people do we n

Nationwide Building Society is planning to resell its Core Capital Deferred shares with aggregate proceeds of up to £100m. Bank of America, Citi, Jefferies and UBS Investment Bank have been mandated as joint lead managers for the transaction. The resale represents around 778,000 shares based o

Edinburgh Airport chairman Sir John Elvidge called on the Scottish Government to "take action" to ensure the Scottish National Investment Bank (SNIB) becomes a "permanent feature" of the Scottish financial landscape" in a new report. Sir John urged for the government to collaborate with the UK gover

Aberdeen Asian Income Fund (AAIF) has enjoyed a strong start to 2026 delivering a 28% total return on net asset value (NAV) in the six months to the end of June and producing a 30.9% total return on its share price. The fund's NAV is ahead of the 25.7% return from the MSCI AC Asia Pacific ex Japan I

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig