Wealth Management

Aberdeen Group has appointed Torbjörn Magnusson to its board as a non-executive director and chair-designate. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair Jonathan Asquith, who stepped in after Sir Douglas left the role following the AGM in

Partners Group Private Equity has extended the amount of shares it is allocating to a realisation share class from 30% to 40%, warning that the investment vehicle will wind down completely if demand exceeds that figure. The firm made the change following conversations with "significant institutional

Fidelity European Trust has reported a total return on its net asset value of 6.4% against 10.3% for its benchmark, the FTSE World Europe ex UK Index, during the six months to 30 June 2026. The share price fell further behind net asset value (NAV) as the discount to NAV widened over the period. Cont

The portfolio manager of Fidelity European Trust (FEV) Sam Morse has announced plans to retire next October after four decades in the investment industry. Mr Morse joined Fidelity in 1990 as a research analyst before becoming a portfolio manager in 1994 with responsibility for running several retail

Quilter WealthSelect Managed Portfolio Service (MPS) has reduced its passive US exposure in favour of small and mid cap stocks and value, warning of risks from high tech valuations and AI concentration. The £30bn MPS added to the Quilter Investors Europe (ex UK) Equity Income Fund and increase

The chief executive of Royal London Asset Management (RLAM) has announced that he has stepped down after five years in the role. Hans Georgeson took up the top job in 2021 following 10 years as the chief executive of Architas Asset Management, overseeing its growth from a start-up UK business to a 3

Interest rates will need to rise quickly to head off the threat of inflation, according to the Bank of England’s chief economist. Huw Pill told an audience in Edinburgh that there were “dangers” in waiting for firmer evidence of the impact of conflict in the Middle East, reports ou

The Financial Conduct Authority (FCA) has sounded the alarm over a handful of asset managers dominating the ballooning private credit market. Following a review of the latest UK Alternative Investment Fund (AIF) data between 2021 and 2025, it found that the top five asset managers hold 28% of the ma

Aubrey Capital Management has relocated its Edinburgh headquarters to 37 Melville Street from its base on Coates Crescent. The new office will provide its teams with a "modern, professionally managed working environment", alongside enhanced facilities for hosting clients and business partners.

Sandy Begbie has a message for anyone convinced artificial intelligence is about to wipe out entry-level jobs in Scottish financial services: it isn't happening, not yet, and not the way the debate suggests. "No one is saying to us that there's any major job losses," the Scottish Financial Enterpris

M&G has swung to a £165m loss for the six months of the year, driven by a £325m write-down, due to the Labour government's introduction of a cap on existing ground rent. The insurer and asset manager still managed to beat market expectations. Adjusted operating profit, which excludes

Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected

Financial planning group Ascot Lloyd has consolidated its Glasgow operations to bring its brands under one roof for the first time. The group moved into a newly refurbished office at 145 St Vincent Street from its previous base in Blythswood Square. The letting represents an investment in one centra

Helge Skibeli has announced plans to retire from J.P. Morgan Asset Management in February 2028 following almost four decades in the industry. Mr Skibeli is one of the three portfolio managers responsible for the JPMorgan Global Growth & Income fund (JGGI). He joined JPMorgan in 1990, where he wo

Scottish Oriental Smaller Companies Trust triggers conditional tender offer following "disappointing returns" over the past five years. FSSA Investment Managers, the Asia-based fund manager of the trust, introduced the performance-related conditional tender offer in 2021 linked to the company's inve