News

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

AJ Bell Investments’ Gilt MPS range has surpassed £100m of customer assets, highlighting growing adviser demand for short-dated government bonds as a tax-efficient alternative to cash. The Gilt MPS was launched last April to provide advisors and clients access to a managed portfolio

Average financial assets held by UK adults have fallen by more than £13,000 as financial anxiety rises sharply across the country, according to new research from Handelsbanken Wealth. The study found average assets, comprising cash savings, investments, and pensions, dropped over the past year

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

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

Glasgow 2026 Vice-Chair Ian Reid has opened up about the lean commercial strategy behind the Commonwealth Games that redefined sporting finance and major events. Mr Reid explained the team had just 18 months to get the competition ready, compared to the standard five to six years usually granted to

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

Foresight Solar Fund has announced plans to upgrade nine solar and battery storage assets, which could add up to £2.5million in revenue each year and strengthen investors' dividend cover. It is undertaking to update nine of UK solar plants and utility battery energy storage systems (BESS), spa

Specialist international reinsurance broker Willis Re has agreed to buy BMS Groups' US reinsurance division. The broker is hoping the deal will allow it to sharpen the focus of its global reinsurance business as it snaps up BMS Re US, BMS Intermediaries, BMS Capital Advisory and its reinsurance brok