Wealth Management

Scotland's financial services sector has hit a "tipping point" on tax divergence, according to Sandy Begbie, chief executive of Scottish Financial Enterprise stating hybrid working has removed the practical need for new recruits to live in Scotland at all. "We believe we've now got to a point at a t

Shareholders in abrdn Property Income Trust are still waiting for the company to sell its 3.6-acre estate in the Cairngorms, Far Ralia, to finally wind down the company. Aberdeen Investments acquired the estate in 2021 for £7.5m to offset its corporate investment fund's residual carbon emissio

A financial planner has claimed the profession is struggling to attract younger earners and people who earn a lot but are not yet rich. Sam Patterson, head of proposition at Equilibrium Financial Planning, discussed the challenge the profession faces in attracting HENRYs, high earners, not rich yet,

Brooks Macdonald has made three new appointments to strengthen its team in Glasgow and Edinburgh.  Ross MacNish joined the Brooks Financial team in Edinburgh as principal financial planning director on 14th September. 

Baillie Gifford US Growth Trust's board has warned shareholders that voting in Saba's nominees would spell the end for its current US growth strategy, as the two sides head towards a showdown at October's AGM. Chair Tom Burnet accused Saba of seeking to take control of the popular US Growth Trust, p

Aberdeen Investments and Standard Life have teamed up  in their first infrastructure debt investment in the EV charging sector with a facility of up to €150 million. Aberdeen will provide €80 million, anchored by Standard Life, as part of an overall facility of up to €150 million

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that his government's "Achilles' heel" is its inability to cut public spending. Mr Haldane, who advised Mr Burnham before he returned to Westminster, claimed the markets believed he is presiding over a "tradit

Saba Capital's board nominees at Baillie Gifford US Growth Trust would fail independence rules, including proposals not yet adopted by the Financial Conduct Authority (FCA), should the activist investor go on to be appointed the trust's manager, according to Winterflood's Emma Bird. Bird, head of in

Aberdeen New India Investment Trust has outperformed the MSCI India Index benchmark by 4.7 percentage points with its adjusted NAV per share total return for the assessment period start to August 31, 2026 at 23.9%. Performance over the Assessment Period is measured against the MSCI India Index, whic

The City of London Investment Trust has increased its dividend for the 60th consecutive year to 4% delivering the longest record of consecutive annual dividend increases in the investment trust sector.   The annual dividend was 2.6% ahead of UK consumer price index (CPI) inflation. Over ten yea

Caledonia Investments has appointed Alastair Vere Nicoll as a non-executive director with effect from 15 September 2026. Mr Vere Nicoll started his career as a private equity lawyer at international law firm Freshfields. He later founded Berkeley Energy, a business focused on developing, constr

Fund managers at Schroder Asian Total Return (ATR) have raised the alarm over a potential bubble in Taiwanese and Korean technology stocks including the US artificial intelligence companies they supply, amid renewed signs that capital spending on AI maybe waning. The investment trust reaped the rewa

HgCapital Trust has reported a decrease of 4.9% in its net asset value (NAV) to 530.7 pence per share, despite a strong first half for 2026 across its portfolio. The firm reported net assets of £2.4bn, with its share price seeing a sharp decline of 24.9% on a total return basis, and market cap

More than £1bn in inheritance tax was paid by the estates of wealthy families who put off gifting until it was too late, new figures show. Data obtained by financial advice firm, NFU Mutual, showed that more than 5,000 estates paid in excess of £1bn in IHT on lifetime gifts in the tax ye

Greencoat Renewables' return to profit has been undermined by the shortfall in wind production and shares trading at a 24% discount to net asset value (NAV). Profit after tax for the period running to the end of June 2026 increased to €11.9m following a loss of €68m for the same period las