Wealth Management

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

Scottish Friendly has completed its acquisition of pension and annuity in-payment books of business from Fidelity International. The transaction which was first announced last year, follows receipt of all necessary regulatory approvals. It brings an additional £2.3bn of assets under management

Wirecard whistleblower Pav Gill has launched a new agentic governance platform bringing governance, risk and compliance (GRC) into one system to end reliance on a "patchwork of disconnected point solutions". Confide will give professionals a shared environment in which to set the standard for how GR

Partners Group Private Equity shareholders have voted to wind down the trust and realise their shares. At a meeting in September, more than 74% of shareholders chose to wind down the trust instead of backing a motion for a dual share class structure.

Shackleton was left sitting on a major client compensation bill following its acquisition of Hurst Point in September. Hurst Point, whose financial planning arm was rebranded Argentis in 2026, set aside £2.3m for redress, according to its 2025 results filed at Companies House. The provision in

The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel

Premier Milton fund manager Hugh Grieves announces plans to retire after more than three decades in the industry. Mr Grieves co-manages the £253m Premier Milton US Opportunities fund and the £10.4m US Smaller Companies fund alongside Alex Knox and Aditya Khowala.

The board of Aberdeen's Dunedin Income Growth Investment Trust (DIGIT) has launched a "robust in-depth review" of the manager's investment philosophy and process, using an external consultant, after the trust's discount to net asset value (NAV) widened in the first six months of the year. The trust

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

Liontrust has agreed to acquire the fund management and model portfolio services (MPS) business of Hawksmoor Investment Management for up to £10m in cash. The deal comprises an initial cash payment of £6m on completion, plus two contingent cash payments of up to £2m each, payable 1

Nucleus Financial Platforms has announced the appointment of Quilter's Dave Reynolds as chief technology officer.  

A legal expert has warned the Financial Conduct Authority's (FCA) plans to update rules to stop companies using loopholes in regulation to take over investment trusts will fail to stop shareholders repeatedly requisitioning meetings. The warning comes as Baillie Gifford US Growth Trust prepares to f

AJ Bell Investcentre has launched a new offshore bond in partnership with Standard Life to broaden its suite of tax planning solutions for clients and advisers. Advisers can now offer clients the new Standard Life International Bond through AJ Bell's platform, giving clients a flexible investment st

Aegon Asset Management has expanded into European collateralised loan obligations (CLOs) through the launch of three new funds. The funds will invest across the full credit spectrum from AAA to sub-investment grade. The new Aegon High Grade CLO, European CLO and European CLO Opportunities Funds prov

LendInvest has completed a £265m securitisation backed by 1,240 UK prime buy-to-let mortgages, its eighth transaction under the Mortimer programme and a further source of funding for future lending. The Mortimer 2026-1 transaction, which includes £35m of pre-funding, attracted strong dem