Wealth Management

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

The Association of Investment Companies (AIC) has revealed investors are worried about the negative outcomes caused by using AI, despite potentially profiting from the boom. In a survey by the AIC it found that 74% of respondents were worried about misinformation, 73% were concerned about job losses

Scottish Widows is among the first UK workplace pension providers to put members’ savings into British venture growth companies, through a new fund that will back firms in quantum computing, battery technology and AI-enabled healthcare. The CG Scottish Widows Growth LTAF will invest through IP

London Stock Exchange boss Dame Julia Hoggett believes the City has made headway in its case for cutting stamp duty on shares, after the Government acknowledged that a cut would boost the market’s competitiveness. Stamp duty is currently charged at 0.5% on purchases of shares in listed compani

St James’s Place has reported a drop in net inflows in the third quarter, from £1.76bn a year earlier to £570m, blaming market volatility and pre-Budget caution. It said the comparison was against an unusually strong period last year, but funds under management (FUM) still hit a re

Crypto firm Zumo has signed an agreement with Quantum Chain to build digital asset services designed to withstand future quantum computers. The memorandum of understanding aims to support quantum-safe digital currency and asset management for central banks, banks and regulated financial institutions

The City of London Corporation has said the temporary rise in bank taxation announced in Chancellor John Healey’s maiden Budget “must end as scheduled”, calling for a long-term tax plan. Mr Healey confirmed that banks would pay a total surcharge of 6% on profits above £100m,

Chancellor John Healey has described his maiden Budget as one for “working people”, delivered through “fiscal discipline giving Britain breathing space on the cost of living”, as he looked to banks to temporarily fund the energy support measures. Mr Healey confirmed that bank

Chancellor John Healey will abandon his predecessor Rachel Reeves’ “car crash” ISA reforms in his maiden Budget later today, according to reports. The Chancellor will reverse the decision to cut the Cash ISA allowance from £20,000 to £12,000, which was set to come into

Fidelity Asian Values saw its discount to net asset value (NAV) narrow, but its NAV total return of 6.1% trailed the 9.1% return of its benchmark, the MSCI All Country Asia ex Japan Small Cap Index, after missing out on the AI rally in the year to 31 July 2026. The share price total return for the y

Gulf International Bank is set to cut 15 roles across its business after shutting down its loss making fund business. The decision to close its active funds business from the Bahrain-headquartered firm follows a strategic review carried out by the bank earlier in the year.

Premier Miton’s assets under management (AuM) fell from £10.3bn to £8.1bn in the year to 30 September 2026, after net outflows of £428m in its fourth quarter. The AIM-listed group said £102m of the quarterly decline came from investment and market performance, from AuM

Jupiter Fund Management’s assets under management rose 3% to a record £75.9bn in the three months to 30 September 2026, as net inflows of £700m extended its “positive momentum” in client demand from the first half of the year. The third-quarter inflows took year-to-date