News

Shackleton was left sitting on a major client compensation bill following its acquisition of Hurst Point in September. Hurst Point, whose financial planning arm was rebranded Argentis in 2026, set aside £2.3m for redress, according to its 2025 results filed at Companies House. The provision in

LendInvest has announced an overhaul of its Buy-to-Let (BTL) tracker range, removing early repayment charges (EPCs) across all tracker products, reduced initial pay rates and boosted maximum Loan-to-Value (LTV) limits on specialist asset classes to 75%. The move is understood to empower landlords to

The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel

The UK has a major opportunity to lead the next wave of innovation in financial services, according to the Financial Conduct Authority's head of innovation, Colin Payne. He said the regulator is attempting to create an environment where companies can develop artificial intelligence, quantum and even

Premier Milton fund manager Hugh Grieves announces plans to retire after more than three decades in the industry. Mr Grieves co-manages the £253m Premier Milton US Opportunities fund and the £10.4m US Smaller Companies fund alongside Alex Knox and Aditya Khowala.

The board of Aberdeen's Dunedin Income Growth Investment Trust (DIGIT) has launched a "robust in-depth review" of the manager's investment philosophy and process, using an external consultant, after the trust's discount to net asset value (NAV) widened in the first six months of the year. The trust

Scottish Financial News is marking the retirement of Jeff Anderson, its long-serving advertising manager, who is stepping down after more than 18 years with the company. Jeff joined the business in 2008 and has played a pivotal role in helping to steer Scottish Financial News and its sister publicat

Scottish Friendly has appointed Scott McNeill as its new chief financial officer (CFO), subject to regulatory approval, ahead of the proposed OneFamily merger. McNeill who is currently chief actuary at Scottish Friendly, will succeed Alan Rankine, who has decided to step down from his role as CFO to

The Royal Bank of Scotland has appointed Catriona Penny as its new venture banking director, to support Scotland's most ambitious high growth companies and the investors backing them. Venture Banking supports founders and investors at critical moments of growth, providing specialist capabilities, in

New York hedge fund Sessa Capital has increased its stake in Baillie Gifford US Growth to 7.7% ahead of the trust's pivotal leadership vote later this month. Sessa is believed to have teamed up with activist investor Saba Capital Management, which is making its third attempt to replace the board wit

AJ Bell has appointed Andrew Donald as its new investment sales director. In the newly created role, Donald will lead adviser sales of AJ Bell's suite of investment solutions, including the distribution of its Managed Portfolio Service (MPS) and range of funds across the platform market.

Experts have warned that Scotland's financials services industry faces "economic risk" if policy fails to adapt in line with the changing nature of the industry. In a new report by the Scottish Digital Trust Centre of Excellence, it called for Scotland to act quickly to make the most of the increasi

Baillie Gifford has launched its new Baillie Gifford Enhanced Yield Fund (BAGEY) to eligible professional investors in Switzerland, the UK, Hong Kong and the Cayman Islands. The new fund is designed for financial institutions, fintechs, and regulatory bodies driving the adoption of tokenisation

UK crypto-as-a-service platform Zumo has launched a new UK Cryptoasset Regulation Tracker to help crypto firms and other financial institutions better align with incoming regulatory obligations. With the Financial Conduct Authority’s (FCA) authorisation gateway opening on September 30, firms a

John Swinney is facing a 'demanding test' at the Scottish Budget on December 3 on whether the Scottish Government's five-year ambitions can be met within a resource budget forecast to fall 1.2% in real terms in 2027-28, a figure that could change after the UK Budget, the Fraser of Allander Institute