Wealth Management

Aegon Asset Management has launched a new strategy aimed at providing a steady source of income with the potential for capital growth for investors. The Aegon Financial Credit Opportunities Fund will invest in capital securities from global banks and financial institutions. It will be managed by inv

US asset management giant AllianceBernstein reveals ambition to grow its foothold in the UK retail business over the next five years. The firm with more than £666bn of assets under management worldwide is doubling down on its ambition to increase its UK retail business assets. Its UK retail bu

Saba Capital has returned to target another Scottish trustNew York hedge fund Saba Capital has demanded board changes at Baillie Gifford US Growth Trust. The Edinburgh-based trust received a requisition notice from Saba Capital Management which wants shareholders to back the appointment of three dir

Quilter Cheviot has hired former Brewin Dolphin investment manager John Moore as an investment manager in its Edinburgh office. Mr Moore will aim to strengthen the firm’s investment capability in Scotland and its support for advisers and high net worth clients across the region. He will report

Investors and analysts have warned Chancellor John Healey not to give up on the government's efforts to reduce the UK's fiscal deficit in his first Budget, following a spike in government bond yields in recent weeks. Mr Healey is preparing to unveil his first Budget on October 28 at a time when inve

Life insurer and asset manager Aegon has increased its planned second-half share buyback program after recording an operating result of €804m in the first half of 2026. Aegon announced on the same day as its results that chief financial officer Duncan Russell would step down and leave the compa

HM Revenue and Customs has collected £322.7 billion in total from National Insurance contributions and tax between April and July 2026, compared with the same period last year. The total represents a £21bn increase on the same four-month period last year, when HMRC collected £301.7

Standard Life has launched a strategic pension risk transfer (PRT) partnership to target the large UK defined benefit schemes, backed by up to £2bn in capital commitments over the next five years. The transaction is structured with a consortium led by private equity firm CVC Capital Partners a

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