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Progeny purchases Scottish financial planning firm

Progeny first entered the Scottish market with the acquisition of fellow Edinburgh-based firm, Innovate Financial Services, in February 2019.

Cinven announces final close of its inaugural Strategic Financials Fund

The SFF is focused on investing in companies with long term track records of consistent growth and cash generation across a broad spectrum of the European financial services sector, drawing on Cinven’s extensive network of relationships, origination

£6.4bn withdrawn from UK funds since June 2021

Thirteenth month of outflows

DWP fails to end transfer ‘war’ between PensionBee and providers

The providers argued that the wording of the relevant regulations explicitly mention incentives to transfer — such as PensionBee’s “refer a friend” scheme — as a reason to raise “red flags”, which means a statutor

Halifax House Price Index: House price growth defies cost-of-living squeeze

House prices increased by 1.8% in June, the twelfth consecutive monthly rise

Business groups call for stability as Johnson resigns

Some MPs and business leaders suggested he should go sooner rather than later to allow a new administration to try to tackle the sharpest rise in the cost of living for 40 years, which millions of UK households are struggling with.

Fund H1 2022 performance review – just 6% of investment funds make positive return in first half of the year

For a small number of funds, it proved to be a good start to the year, especially for those with energy exposure, who filled the top five positions and eight of the top 10.

Wren Sterling Announces Acquisition of Critchleys Financial Planning LLP

Second acquisition announced since investment by Lightyear Capital as Wren Sterling accelerates its growth strategy

SVM UK equity fund retains top rating after Assetco deal

But fund belonging to subsidiary R&M run by Hugh Sergeant loses accolade

Apex acquires Darwin Depositary Services

Following completion of recently announced acquisitions, the Group will operate from over 80 offices in 40 countries worldwide, with 10,000 employees servicing $2.75 trillion in assets across administration, depositary, custody and under management.

Equity release rates hit six-year high

“It is imperative they seek independent financial advice to ensure it’s the right choice for both them and their relatives,” she said.

‘When you say it’s illiquid, it’s really illiquid’: This $1.4tn AM’s alts challenge

Franklin Templeton’s Jenny Johnson says the shrinking shape of public markets has forced traditional firms to think differently.

M&G launches sustainable PruFund range on platform

Until now, advisers have predominantly accessed PruFund via the investment manager’s ‘Retirement Account’.

AXA UK plc Chairman announcement

Scott Wheway to stand down; Mark Pain appointed Chairman

Investment Association calls for stewardship clarity

These include a lack of clarity on stewardship expectations, an overemphasis on short-term performance, and not taking enough account of the stewardship outcomes.

FTSE slumps 1.6% as GDP data reveals fragility of UK economy

UK shares slam into reverse as a slew of worrying data on the UK economy and housing market brings a sense of foreboding to markets.

Mercer under pressure again for failing pension savers

Nicky, who relies on her works pension to get by, said she has been calling Mercer twice a week and every time she’d get a different story.

Economic downturn threat should be taken seriously by private market operators to mitigate mis-selling risk

The lower liquidity of private markets means it is much more difficult for investors to divest if they become unhappy with the investments they have made.

abrdn invests in Italian gas network

Gas infrastructure plays a key role in the energy transition in Europe, and part of the proceeds of the refinancing will be used to upgrade the network in preparation for transportation of hydrogen.

Clear Group enters next phase of growth with new investment

Edgeley and executive chairman and founder Howard Lickens, as well as the existing management team, will continue to lead the company following the investment.

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