News

The Financial Conduct Authority (FCA) has been urged to overhaul self-invested personal pension (SIPP) data practices and coordinate with HMRC and the DWP to address systemic blind spots. The watchdog's proposals follow 22 SIPP operator failures between 2011 and 2023, that left investors with £

Saba wants a vote at the forthcoming annual general meeting. The board of Baillie Gifford US Trust has advised shareholders to take no action at this time and await further company announcements. It is the latest move by Boaz Weinstein's Saba Capital to shake-up the investment trust sector. It succe

The chairman of taxpayer-owned Scottish National Investment Bank has admitted that rocketing losses on the back of more failed investments are “painful” and “not where we want to be”. New figures show the bank’s loss for the year to the end of March surged by135% to &po

New estimates have revealed that the UK economy has failed to turn around its struggling labour market after nearly two years of job losses, despite a rebound in August. The Purchasing Managers' Index (PMI) by S&P Global suggested the UK's private sector grew at the fastest pace in four months i

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

Mid-market accountancy practice EQ, part of Sumer Group, has merged with Innes & Partners to expand into the North of Scotland. EQ will grow its team by 7%, from 290 to 310 staff, as part of the merger as it aims to strengthen its position in Scotland.

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

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

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