News

  Parents have squirreled away £2.5bn into junior ISA, with almost two-thirds £1.55bn of new money now being invested into stocks and shares in 2024/25, despite £1.9bn of child trust funds going unclaimed, according to new HMRC data.

Four ICAS Foundation students are set to return to Johnston Carmichael as graduate trainees. The foundation was set-up to help talented young people from diverse socio-economic backgrounds into the profession, as part of its scheme it partnered with the accountancy firm.

Shareholders in abrdn Property Income Trust are still waiting for the company to sell its 3.6-acre estate in the Cairngorms, Far Ralia, to finally wind down the company. Aberdeen Investments acquired the estate in 2021 for £7.5m to offset its corporate investment fund's residual carbon emissio

A financial planner has claimed the profession is struggling to attract younger earners and people who earn a lot but are not yet rich. Sam Patterson, head of proposition at Equilibrium Financial Planning, discussed the challenge the profession faces in attracting HENRYs, high earners, not rich yet,

Triodos Bank UK has appointed Greig Blackie as a senior relationship manager to focus on financing nature based solutions in its business lending team. Mr Blackie has more than a decade of experience across infrastructure finance, sustainable investment and natural capital. His career has included f

Brooks Macdonald has made three new appointments to strengthen its team in Glasgow and Edinburgh.  Ross MacNish joined the Brooks Financial team in Edinburgh as principal financial planning director on 14th September. 

The Bank of England has kept interest rates on hold, warning that a continuation of the current conflict in the Middle East could force it to raise borrowing costs amid growing fears over inflation. The Bank's Monetary Policy Committee (MPC) also announced a surprise plan to sell billions of pounds

The chair of Baillie Gifford US Growth Trust has called on retail investors to turn out in force to vote at next month's annual general meeting, warning that a low turnout could see Saba Capital Management take control of the trust. Tom Burnet told Scottish Financial News that retail investors are t

Natwest chair Rick Haythornthwaite has claimed the UK is in a "moment of national crisis" that can only be fixed by encouraging investment into the country's struggling economy. The City grandee said that years of poor decision-making and political instability have hampered public and private sector

Baillie Gifford US Growth Trust's board has warned shareholders that voting in Saba's nominees would spell the end for its current US growth strategy, as the two sides head towards a showdown at October's AGM. Chair Tom Burnet accused Saba of seeking to take control of the popular US Growth Trust, p

Financial planners have the knowledge to help clients understand their goals and protect their interests. “Rightly or wrongly,” most clients are high-net-worth individuals who are retired and have more time to think about what they want to save or how to use their assets.

Novus Strategy has launched a new groundbreaking simulator that helps lenders redesign their mortgage journey. The transformation consultancy for the mortgage and home buying industry, built its tool, named Pathfinder to help lenders solve problems like prioritisation and sequencing before committin

Aberdeen Investments and Standard Life have teamed up  in their first infrastructure debt investment in the EV charging sector with a facility of up to €150 million. Aberdeen will provide €80 million, anchored by Standard Life, as part of an overall facility of up to €150 million

Bespoke pension firm Yorsipp has appointed Mark Randell as strategic partnerships and distribution director to its business development team. The specialist self-invested personal pension (SIPP) self-administered pension scheme (SSAS) provider comes as it aims to expand its presence across the UK. H

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that his government's "Achilles' heel" is its inability to cut public spending. Mr Haldane, who advised Mr Burnham before he returned to Westminster, claimed the markets believed he is presiding over a "tradit