Latest News
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APPG call for evidence finds ‘significant shortcomings’ at the FCA
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Report highlights growing need for flexible structures in family offices
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Govt urged to rethink IHT on pensions proposals
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People moves: Evelyn Partners, Rathbones IM, and Schroders
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Evelyn Partners agrees sale of its professional services business
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Advisers unsatisfied with current retirement products for DC pension savers
Archive News
There is a growing need for flexible structures in family offices as they adapt to address the need to uphold values, safeguard legacies, educate heirs, and maximise technology amid complex markets, according to Morgan Stanley Wealth Management
Posted: 26/11/24
The government has been encouraged to consider alternatives to its proposal of bringing pensions into scope of inheritance tax (IHT)
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 27/11/24
An All-Party Parliamentary Group (APPG) call for evidence report has found “very significant shortcomings” at the Financial Conduct Authority (FCA).
The APPG on Investment Fraud and Fairer Financial Services launched its call for evidence about the FCA to improve its understanding of how the regulator is perceived
The APPG on Investment Fraud and Fairer Financial Services launched its call for evidence about the FCA to improve its understanding of how the regulator is perceived
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 26/11/24
MKC Wealth has announced the double acquisition of IFA Warr & Co Independent Financial Advisers and Halstead Independent Financial Management
Posted: 26/11/24
The majority (51 per cent) of financial advisers are not satisfied with the current retirement products available to help meet the evolving needs of their clients with defined contribution (DC) pensions, according to a study from Invesco
Posted: 26/11/24
Evelyn Partners Group has reached a binding agreement to sell its professional services business to funds advised by Apax Partners
Posted: 26/11/24
The Invest in Women Taskforce has secured more than £250m of funding to support female entrepreneurs in the UK
Posted: 25/11/24
Advised clients feel more confident about achieving their retirement goals after receiving financial advice, as demand looks set to increase amid a changing regulatory landscape, analysis from BNY Investments and NextWealth has found
Posted: 25/11/24
The government’s inheritance tax (IHT) receipts are on course to “smash through” the £8bn level this tax year to around £8.5bn, according to Charles Stanley
Posted: 25/11/24
Asset manager Liontrust has implemented an enterprise portfolio management system integrated with a new data ecosystem, which aims to strengthen the firm’s data management, delivery, and analysis
Posted: 25/11/24
Margetts Wealth has completed a management buy-in with directors, Ian Butler and James Vickers, who have taken equal shares in the financial planning firm
Posted: 22/11/24
The Quilter Investors Monthly Income and Monthly Income & Growth portfolios have introduced several new asset classes to the range following an ‘optimisation’ of its strategic asset allocation
Posted: 22/11/24
The government’s plans to overhaul its regulatory approach will “reshape” financial services in the UK, Bovill Newgate has warned
Posted: 22/11/24
UK business owners feel it is important to keep the business in the family and preserve its legacy, but many lack succession plans to achieve this, HSBC Global Private Banking has found
Posted: 22/11/24
The Platforms Association, which launched in September 2024 to represent the investment platforms sector, has expanded its membership to 46 founding members
Posted: 21/11/24
Eight in 10 (80 per cent) asset and wealth managers expect disruptive technologies, such as AI, to fuel revenue growth, with those moving quickly to adopt ‘tech-as-a-service’ seeing a potential 12 per cent boost to revenues by 2028, according to analysis from PwC
Posted: 21/11/24
HSBC is to relaunch its ‘Premier’ wealth banking brand as it seeks to expand its UK wealth sector presence and attract high net worth individuals (HNWI), according to reports from Reuters
Posted: 21/11/24
The government’s inheritance tax (IHT) receipts for the period April to October 2024 reached £5bn, HMRC’s latest figures have shown
Posted: 21/11/24
The latest appointments in the wealth management industry
Posted: 20/11/24
The update on the Advice/Guidance Boundary Review in the Mansion House speech “offers hope” on closing the advice gap, with retirement and pensions the most likely financial issues people will seek advice on, according to Hargreaves Lansdown
Posted: 20/11/24
Three in 10 (30 per cent) people in the UK believe the changes to inheritance tax (IHT) outlined in last month’s Budget will reduce the amount they are able to leave behind in inheritance, research from Standard Life has revealed
Posted: 20/11/24
The global billionaire population grew by 4 per cent to 3,323 individuals in 2023, more than reversing the previous year’s decline to hit a new record high, Altrata’s Billionaire Census has revealed
Posted: 20/11/24
Fidelity International has confirmed plans to adopt the ‘Sustainability Focus’ Sustainability Disclosure Requirements (SDR) label for three funds within its UK-domiciled equity fund range
Posted: 19/11/24
Amundi has acquired technology company Aixigo for €149m as it seeks to accelerate the deployment of technological solutions to private banks and wealth managers
Posted: 19/11/24
Succession Wealth has announced it has acquired financial planning and wealth management group True Wealth Group
Posted: 19/11/24
Business owners have been urged to tap into the enthusiasm of young heirs by providing them with hands-on experience through philanthropic pursuits to prepare them for future succession and foster prosperity
Posted: 19/11/24
Outflows from advised platforms declined in the third quarter of 2024 for the first time in two years, analysis from The Lang Cat has revealed
Posted: 18/11/24
Almost all (97.4 per cent) financial advice professionals plan to increase their use of artificial intelligence (AI) in the advice journey, according to a poll from Advisersoftware.com
Posted: 18/11/24
Global wealth managers view ongoing geopolitical tensions as the biggest threat to capital markets in 2025, research from Universal Investment has found
Posted: 18/11/24
The Financial Conduct Authority (FCA) has outlined the next steps of the Advice/Guidance Boundary Review, including a consultation on targeted support for pensions in December
Posted: 15/11/24
'Taboos' around vulnerability are deterring advised clients from discussing their additional support needs with their advisers, according to St. James’s Place (SJP)
Posted: 15/11/24
The next generation of high net worth individuals (HNWI) and wealthy investors is set to continue the trend of globalisation amid an increasingly interconnected world, Sarasin & Partners has stated
Posted: 15/11/24
Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro
Posted: 15/11/24
The government has published its consultation response on the Private Intermittent Securities and Capital Exchange System (PISCES), committing to legislate to establish the private stock market by May 2025
Posted: 15/11/24
PFS Power has published new guidance on how firms can focus on delivering consumer outcomes in financial planning
Posted: 14/11/24
Independent financial advisers (IFA) are “broadly supportive” of pension reforms being included in the Mansion House speech this evening (14 November), research from Opinium has revealed
Posted: 14/11/24
An increasing number of financial advisers are changing their retirement propositions following the Financial Conduct Authority’s (FCA) thematic review of retirement income advice, analysis has shown
Posted: 14/11/24
The UK continues to be one of the most attractive locations in the world for wealthy business owners, despite recent questions about its position as a global financial wealth centre, according to HSBC Global Private Banking
Posted: 14/11/24
Wealth professionals are anticipating a surge in demand for financial advisers as almost one in 10 deaths are set to trigger an inheritance tax (IHT) charge by the end of the decade
Posted: 13/11/24
Schroders Personal Wealth (SPW) has appointed ex-Close Brothers Asset Management (CBAM) CEO, Martin Andrew, to its board as an independent non-executive director
Posted: 13/11/24
The private banking arm of Intesa Sanpaolo Group, Fideuram Intesa Sanpaolo Private Banking (FISPB), has partnered with BlackRock to develop its digital wealth management offering across Europe
Posted: 13/11/24
WBR Group has acquired NM Perris & Co Ltd, which trades as Brunel Trustees, along with associated companies Brunel Trustees Limited and Omniphi Systems Limited
Posted: 13/11/24
Investors with a long track record of incorporating ESG into their investment processes are more likely to believe that doing so leads to increased risk-adjusted returns, analysis from LGT Capital Partners has found
Posted: 12/11/24
Wealth managers and financial advisers are expecting their clients to increase allocations to emerging and frontier markets over the next 18 months, according to research from Pureprofile
Posted: 12/11/24
The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, AJ Bell has revealed
Posted: 12/11/24
The latest appointments in the wealth management industry
Posted: 12/11/24
Fulcrum Asset Management has received regulatory approval to launch its first commingled Long-Term Asset Fund (LTAF), the WS Fulcrum Diversified Private Markets LTAF
Posted: 11/11/24
The latest appointments in the wealth management industry
Posted: 11/11/24
Equity funds dominated outflows in September, with investors pulling a net £2.4bn, as net retail sales of investment funds saw outflows of £3.4bn during the month, according to data from the Investment Association (IA)
Posted: 11/11/24
A number of high net worth individuals (HNWI) have not made retirement or succession plans, despite being confident that their personal wealth will increase, a study has found.
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Posted: 11/11/24
Family offices are expanding their exposure to private equity, with 40 per cent planning to increase their allocations to the asset class over the next two years, analysis from Bastiat Partners and Karis Capital has found
Posted: 8/11/24
Cyberattacks on family offices globally have become more commonplace, according to a report from Deloitte Private, with 43 per cent having experienced an attack in the last 12 to 24 months
Posted: 8/11/24
Close Brothers Asset Management (CBAM) and SEI have announced a strategic partnership, aimed a powering CBAM’s ‘operational transformation and growth’
Posted: 8/11/24
The government has published the Finance Bill 2024/25, which includes the tax changes outlined in the Budget on 30 October
Posted: 8/11/24
Less than a fifth (18 per cent) of high net worth individuals (HNWI) took professional financial advice over the past 12 months, research from wealth management firm Saltus has found
Posted: 7/11/24
More than three quarters (78 per cent) of asset managers in the UK and US with a presence in Europe are considering launching a Long-Term Asset Fund (LTAF) amid increased investor demand for private markets access
Posted: 7/11/24
Financial advice and investment management company One Four Nine Group has acquired Nottingham-based independent chartered financial planning business Castlegate Capital
Posted: 7/11/24
Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, analysis by Bestinvest has shown
Posted: 6/11/24
Nearly half (47 per cent) of Brits have expressed concern about the government's plans to bring pensions into the scope of inheritance tax (IHT), according to research by PensionBee
Posted: 6/11/24
US-based alternative asset manager Blackstone is planning to expand its private wealth business into at least two new European markets, the firm has told Reuters
Posted: 6/11/24
Invesco has announced it is launching three thematic ETFs, aiming to provide investors targeted access to the long-term trends of artificial intelligence (AI), cybersecurity, and defence
Posted: 6/11/24
Brooks Macdonald has announced the acquisition of CST Wealth Management, a chartered financial planning firm based in Wales
Posted: 6/11/24
Further clarifications and streamlining are needed around the government's plans to bring pensions into the scope of inheritance tax (IHT), industry experts have said, amid concerns that the changes could cause a "bureaucratic nightmare for grieving families"
Posted: 6/11/24
Cazenove Capital, a part of Schroders Wealth Management, has announced an expansion of its wealth planning team
Posted: 5/11/24
The government’s recently announced changes to inheritance tax (IHT) policy will create “significant challenges” for families, London accountancy firm Wilson Wright has warned
Posted: 5/11/24
A group of firms from the UK wealth management industry has written to asset management companies, calling on them to ‘embrace’ net zero
Posted: 4/11/24
Mercer, a Marsh McLennan business, has completed its acquisition of long-term savings specialist Cardano, for an undisclosed amount
Posted: 4/11/24
Changes to capital gains tax (CGT) rates and inheritance tax (IHT) reliefs risk stymying future investment and introducing unwanted confusion for financial planning, trade association PIMFA has warned
Posted: 4/11/24
The latest appointments in the wealth management industry
Posted: 4/11/24
GAM has announced it is transferring its management company activities in the UK, Ireland, and Luxembourg to Apex Group
Posted: 4/11/24
Odey Wealth Management has filed for voluntary liquidation after appointing Evelyn Partners as its liquidator last month, according to a Companies House filing
Posted: 4/11/24
The boards of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have confirmed the appointment of a new chair to decision-making committees
Posted: 1/11/24
Standard Chartered has announced it will be doubling its investment in its wealth management business following a record increase in revenue in the third quarter of 2024
Posted: 1/11/24
The Financial Conduct Authority (FCA) has banned Vintage Investment Services (Vintage) partners, Steven Hodgson and Paul Adams, from advising any customers on pension transfers and opt outs
Posted: 1/11/24
Wealth and investment manager 7IM has agreed to acquire ASHL Group’s Rockhold Asset Management, subject to regulatory approval
Posted: 1/11/24
Financial advisory group Foster Denovo has acquired East Midlands-based advisory firm 80Twenty
Posted: 31/10/24
Family offices are increasingly focusing on the returns achieved through ESG investing amid shifting priorities, analysis from Ocorian has shown
Posted: 31/10/24
The wealth management and financial advice industries have expressed their relief at the clarity and certainty that the Autumn Budget has provided, but warned the changes outlined could bring negative consequences
Posted: 31/10/24
The abolition of the non-dom regime in the UK could cost the country £6.5bn by 2035, according to a paper published by the Adam Smith Institute (ASI)
Posted: 31/10/24
The Chancellor, Rachel Reeves, has announced that both the higher and basic rates of capital gains tax (CGT) are set to increase from today (30 October)
Posted: 30/10/24
Inherited pensions and related death benefits will be brought into scope of inheritance tax (IHT) from April 2027, the Chancellor, Rachel Reeves, has announced
Posted: 30/10/24
The Chancellor, Rachel Reeves, has revealed that the Labour government will be abolishing the non-dom regime from April 2025 in her Budget speech
Posted: 30/10/24
The wealth management and financial advice industries are preparing for anticipated tax hikes and relief changes ahead of the Autumn Budget this afternoon, with Prime Minister, Kier Starmer, stating that the “harsh light of fiscal reality” is set to be revealed
Posted: 30/10/24
Changes to pension lump sums are the Budget measure that would cause the biggest disruption, according to a new poll of advice professionals conducted by Abrdn
Posted: 30/10/24
Evelyn Partners has acquired advisory services provider ReSolve Advisory as it seeks to further strengthen its professional services arm
Posted: 30/10/24
Almost all (97 per cent) professional investors expect there will be a correction in the equity markets over the next 12 months, with 93 per cent predicting it could be between 5 per cent and 10 per cent
Posted: 30/10/24
Pension provider and retirement services firm Alltrust Services has acquired the self-invested personal pension (SIPP) business of PSG SIPP, excluding its Unity SIPP scheme
Posted: 29/10/24
Business owners in the UK are worried about the potential inclusion of inheritance tax (IHT) business relief restrictions in the Budget tomorrow (30 October), according to Evelyn Partners, with 58 per cent citing concerns about possible restrictions of IHT business relief
Posted: 29/10/24
Family offices in Europe believe that improving governance is their biggest challenge and agree that more needs to be done to address succession planning, research from Ocorian has found
Posted: 29/10/24
Model portfolio providers (MPP) reduced their exposure to UK equities in the second quarter of 2024, analysis from ISS Market Intelligence (MI) has revealed
Posted: 29/10/24
Wealth management trade association PIMFA has published a guide to help firms support their customers with characteristics of vulnerability in the wealth management and advice sector
Posted: 28/10/24
Financial advice network The Openwork Partnership has announced a strategic investment from private investment firm Bain Capital
Posted: 28/10/24
The latest appointments in the wealth management industry
Posted: 28/10/24
Insurance, risk management, and consultancy firm Arthur J. Gallagher & Co has acquired investment consultancy Redington
Posted: 28/10/24
Removing inheritance tax (IHT) benefits from pensions could create a double tax hit for beneficiaries if the Chancellor, Rachel Reeves, decides to make this change in the upcoming Budget, Saltus has warned
Posted: 24/10/24
The functionality and support given to advisers on capital gains tax (CGT) is influencing their platform provider selection and due diligence, according to research published by Financial Software Ltd (FSL)
Posted: 24/10/24
Titan Wealth has entered into an agreement to acquire Ravenscroft Investments, a wealth management services business operating in both Guernsey and Jersey
Posted: 24/10/24
A group of 30 cross-party parliamentarians have signed a letter urging Chancellor, Rachel Reeves, to impose an annual wealth tax of 2 per cent on assets over £10m in the Autumn Budget
Posted: 24/10/24
Nearly two-thirds (62 per cent) of clients have never switched their financial adviser, with the primary drivers being trust, satisfaction, and understanding, analysis by St. James’s Place (SJP) has revealed
Posted: 24/10/24
The Financial Conduct Authority (FCA) has been urged to push ahead with plans to create new forms of advice and targeted support to make it more accessible to pension savers and allow providers to support their customers
Posted: 24/10/24
Families should be taking advice before gifting amid rumours of a possible extension to potentially exempt transfers (PET), according to wealth manager RBC Brewin Dolphin
Posted: 24/10/24
Adviser-focused platform business Wealthtime has agreed a partnership with technology services and consulting company, Wipro, and its global technology partner, GBST, to deliver a digital-first platform and customer-centric service offering
Posted: 24/10/24
A majority of clients working with independent financial advisers (IFAs) are anxious about the upcoming Budget, a new survey from Opinium has suggested
Posted: 23/10/24
The majority (55 per cent) of high net worth individuals (HNWI) feel that the UK is not supportive of wealth creation or creators, a study from Wealth Club has found
Posted: 23/10/24
Advisers and wealth managers have given a “cautious welcome” to new sustainability labels from the Financial Conduct Authority (FCA), with most expecting them to increase trust in sustainability claims
Posted: 23/10/24
Janus Henderson has announced the launch of its first active ETF in Europe: the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN)
Posted: 23/10/24
The government’s inheritance tax (IHT) and capital gains tax (CGT) receipts increased in the first six months of the 2024/25 tax year, HMRC has revealed
Posted: 22/10/24
HSBC has announced it will restructure its business into four units, including the creation of a new international wealth and premier banking division
Posted: 22/10/24
Financial advisers have witnessed a surge in queries regarding pension taxation and wealth protection ahead of the much-anticipated Budget on 30 October, according to AJ Bell
Posted: 22/10/24
Swedish wealth manager Söderberg & Partners has made investments in a further four UK-based IFA companies as it seeks to expand its presence in the UK’s financial advice sector
Posted: 21/10/24
Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship from millionaires, according to analysis from the Institute for Public Policy Research (IPPR)
Posted: 21/10/24
Governance, risk, and compliance (GRC) solutions provider, ACA Group, has expanded its presence in the UK with the acquisition of regulatory consultancy practice, Effecta Compliance Group
Posted: 21/10/24
Financial advisers are seeing an uptick in demand from their clients for private assets and are planning to increase allocations, but challenges to including them in portfolios remain, research from Natixis Investment Managers (IM) has found
Posted: 21/10/24
Almost half (48 per cent) of business owners with turnovers of £5m or more would consider moving their business abroad if tax changes in the upcoming Budget were “clearly unfavourable”, Evelyn Partners has revealed
Posted: 21/10/24
The latest appointments in the wealth management industry
Posted: 18/10/24
Financial advisers believe that changes to capital gains tax (CGT) are the most likely tax reform that the government will target in the Budget on 30 October, research from Royal London has found
Posted: 18/10/24
The government is reputedly planning to increase the amount of money it raises in inheritance tax (IHT), alongside a rise in capital gains tax (CGT) on share sales, in the Budget later this month, according to reports
Posted: 18/10/24
Financial services firm DeVere Group has secured a Family Office Licence from the Financial Services Commission (FSC) of Mauritius
Posted: 17/10/24
Investor confidence fell by 10 points to 75, or by 11.2 per cent, ahead of the Budget at the end of October, according to Hargreaves Lansdown’s Investor Confidence Index
Posted: 17/10/24
Financial advisers remain confident about their growth prospects despite concerns about the impending ‘great wealth transfer’, according to analysis from Natixis Investment Managers (IM)
Posted: 17/10/24
Six financial advice firms were declared in default in August and September 2024, the Financial Services Compensation Scheme (FSCS) has confirmed
Posted: 17/10/24
Wealth managers and other professional investors are planning to lock in gains from strong equity performance and rebalance portfolios to fixed income in anticipation of higher levels of volatility in equity markets
Posted: 17/10/24
Carne Group and WTW have gained regulatory approval for the launch of a private equity-focused Long Term Asset Fund (LTAF)
Posted: 16/10/24
Concerns about the impact of tax changes in the Autumn Budget have led to more people seeking financial advice, Rathbones has found
Posted: 15/10/24
Cyber A.I. Group and A1 Advisory have announced they have entered into a definitive agreement to provide strategic advisory services to support Cyber A.I. Group's future growth initiatives
Posted: 16/10/24
The UK’s wealthiest retirees paid themselves annual pension income of almost £3m each last year, but almost half of that was paid as tax, new figures have shown
Posted: 15/10/24
The Financial Conduct Authority (FCA) plans to launch two consultations relating to the Advice/Guidance Boundary Review next year
Posted: 15/10/24
Whole-of-market advisory firm Towergate Health & Protection has rebranded to Towergate Employee Benefits, the company has announced
Posted: 15/10/24
Fidelity International has launched a ‘blue transition’ bond fund as part of its ongoing commitment to sustainable investing
Posted: 15/10/24
The number of private investors considering ESG when investing fell for the third year in a row in 2024, the Association of Investment Companies’ (AIC) ESG Attitudes Tracker has shown
Posted: 15/10/24
The latest appointments in the wealth management industry
Posted: 14/10/24
Women are creating and inheriting a growing share of global wealth but are still underrepresented at senior leadership level in the financial services sector, according to a report from Citi Private Bank
Posted: 14/10/24
Nearly a third (29 per cent) of business owners in the UK have accelerated their exit strategies over the past year amid concerns of potential tax hikes in the upcoming Budget
Posted: 14/10/24
There is significant demand for advisers from regulated firms to provide targeted support suggestions to their clients, research from Aegon has found
Posted: 14/10/24
Financial services firm SEI has opened a new office in Dublin, Ireland, seeking to reinforce its commitment to the European market and focus on driving strategic growth globally
Posted: 11/10/24
The Investment Association (IA) and Technology Working Group have published recommendations on how the UK investment management industry can harness the potential of new technologies, such as artificial intelligence (AI)
Posted: 11/10/24
The UK is set to lose the greatest proportion of millionaires as a share of population over the course of the current parliament, research from the Adam Smith Institute (ASI) has forecast
Posted: 11/10/24
The government has appointed former Darktrace CEO, Poppy Gustafsson, as its new Investment Minister as part of a wider ‘shake up’ aimed at strengthening the government’s partnership with businesses and investors
Posted: 11/10/24
Family offices and wealth managers are expecting growth and positive risk-adjusted returns in the hedge fund sector, leading to increased allocations, according to analysis from Beacon Platform
Posted: 10/10/24
Russell Investments has announced the launch of its new evergreen fund, aimed at providing investors with exposure to the “growing opportunities” across global private credit markets
Posted: 10/10/24
Saxo Bank has announced that Saxo UK has launched a new investment platform, SaxoInvestor, aimed at the growing number of buy-and-hold and active investors in the UK
Posted: 10/10/24
The European equity market offers promising opportunities for investors in the fourth quarter of 2024 amid declining interest rates and a turbulent Q3, according to Morningstar
Posted: 10/10/24
Clarion Wealth Planning has announced that its founder, Ron Walker, has sold 60 per cent of his shareholding to his company management team
Posted: 9/10/24
The latest appointments in the wealth management industry
Posted: 9/10/24
Capital gains tax (CGT) is in need of serious reform as the whole design of the tax is “flawed”, according to the Institute for Fiscal Studies (IFS)
Posted: 8/10/24
Calls for the Chancellor, Rachel Reeves, to bring in a tax on people emigrating from the UK on their accrued but unrealised gains are “fundamentally flawed”, industry figures have warned
Posted: 8/10/24
Digital advice platform Dynamic Planner has announced a new customer relationship management (CRM) integration with Adviser Cloud
Posted: 8/10/24
Speculation around the government’s potential plans to reform inheritance tax (IHT) or capital gains tax (CGT) in the upcoming Budget has grown following reports that Chancellor, Rachel Reeves, has reputedly backed down from introducing a flat rate of pension tax relief
Posted: 8/10/24
Cazenove Capital, part of Schroders Wealth Management, has completed the acquisition of wealth manager Whitley Asset Management for an undisclosed sum
Posted: 8/10/24
Brooks Macdonald has agreed to acquire LIFT-Financial Group and LIFT-Invest for up to £45m, subject to financial targets
Posted: 8/10/24
Wealth management firm GSB has announced a partnership with London-based women networking group Mumble Forum
Posted: 7/10/24
HSBC Asset Management (AM) has launched the HSBC S&P 500 Equal Weight Equity Index Fund
Posted: 7/10/24
Canaccord Genuity has completed the acquisition of UK-based independent financial planning business Cantab Asset Management
Posted: 7/10/24
The government has reputedly dropped plans for introducing a flat rate of pension tax relief due to concerns about the impact it would have on public sector workers, according to reports
Posted: 7/10/24
The Quilter Academy, the financial adviser training arm of Quilter, has launched a partnership with FutureProof Pro to help sports professionals find second careers
Posted: 4/10/24
The Association of Investment Companies (AIC) has published a list of the highest yielding equity investment trusts, with 18 trusts yielding 5 per cent or more
Posted: 4/10/24
Titan Wealth Group has announced the creation of a new division, Titan Settlement & Custody, which will be headed by recently appointed CEO, Mike Fullalove
Posted: 4/10/24
Investors remain cautiously optimistic as August saw the third consecutive month of positive net retail sales of investment funds, totalling £804m during the month, according to data from the Investment Association (IA)
Posted: 4/10/24
The latest appointments in the wealth management industry
Posted: 4/10/24
Almost four in five (78 per cent) UK-based wealth managers and independent financial advisers (IFAs) have seen an increase in the level of stocks and shares trading by their clients in the past two years, GraniteShares has revealed
Posted: 3/10/24
Adults in the UK are facing a financial planning ‘black hole’ and are “woefully unprepared” for retirement and legacy planning, Killik & Co has warned
Posted: 3/10/24
Savings and investment service Wealthify has introduced tiered fees for its self-invested personal pension (SIPP) amid a lack of saver awareness about how much they are paying in fees
Posted: 3/10/24
WTW has acquired a stake in UK-based, advice-led wealth manager Atomos, backed by funds managed by Oaktree Capital Management
Posted: 3/10/24
The cost-of-living crisis is the single biggest driver for people accessing financial advice or guidance as they seek support to navigate the economic uncertainty
Posted: 3/10/24
Wealth managers and financial advisers are turning to property investments as a route to de-risking through diversification and achieving an increased focus on ESG
Posted: 2/10/24
Family offices are facing changes in investment policy and approach as the next generation of family members become more involved, analysis from Ocorian has shown
Posted: 2/10/24
Private members' club for investment professionals, AYU, has incorporated Family Office Social (FOS) into its programme to grow its international alternative investment network
Posted: 2/10/24
Financial advisers need to ensure they have the right tools to keep up with technological advancements to help meet their clients' evolving expectations and demands, FNZ has stated
Posted: 2/10/24
Wealth management company Saltus is set to acquire Tavistock’s financial advice businesses, Tavistock Partners Limited (TPL) and Tavistock Partners (UK) Limited (TPUK)
Posted: 1/10/24
Global wealth management group GSB is applying for a licence from the Swiss Financial Market Supervisory Authority (FINMA) to launch a wealth management operation in Geneva, Switzerland
Posted: 1/10/24
European asset manager Amundi has expanded its emerging markets fixed income offering with the launch of its exchange-traded fund (ETF) on Indian government bonds
Posted: 1/10/24
Financial services industry veteran Elizabeth Passey has been named as chair of the Financial Services Compensation Scheme’s (FSCS) board
Posted: 1/10/24
The proportion of savers taking financial advice when accessing a pension for the first time using income drawdown has fallen below 50 per cent for the first time, the Financial Conduct Authority (FCA) has revealed
Posted: 30/9/24
The increasing number of ultra high net worth individuals (UHNWI) and generational wealth transfer are driving growing demand for ‘trophy assets’, according to a report from Taylor Wessing
Posted: 30/9/24
Investment consultancy Albion Strategic Consulting has partnered with P1 Investment Services to offer its Smartersuccess investment service on a discretionary basis
Posted: 30/9/24
The latest appointments in the wealth management industry
Posted: 30/9/24
Wealth managers are at risk of losing clients if they do not adopt modern technology to improve their services, research from tech provider Avaloq has shown
Posted: 27/9/24
The latest appointments in the wealth management industry
Posted: 26/9/24
‘Intense’ consumer protection supervision drove the largest rise in regulatory pressure on financial services firms in 2024, according to KPMG UK’s Regulatory Barometer
Posted: 26/9/24
The number of individuals accessing their pensions for the first time without taking regulated advice continued to increase in 2023/24, the latest data from the Financial Conduct Authority (FCA) has shown
Posted: 26/9/24
Asset management firm Robeco has launched a new flexible multi-asset strategy, Flexible Allocation
Posted: 26/9/24
Goshawk Asset Management has announced the acquisition of Vermeer Investment Management
Posted: 25/9/24
Ocorian has outlined several steps that wealth managers and financial advisers can take to ensure they avoid “costly” disputes with their high-net-worth clients
Posted: 25/9/25
Private equity (PE) is continuing to lead private markets amid growing interest from private wealth investors, according to a new report from Barclays Private Bank
Posted: 25/9/24
Schroders Capital has received regulatory approval for its first long-term asset fund (LTAF) focused on the UK wealth market
Posted: 25/9/24
Three in five (59 per cent) senior decision makers at UK financial services (FS) firms have said that their firm’s attitude to adopting new technologies is risk averse, Consulting by Davies has found
Posted: 24/9/24
BNP Paribas has signed an agreement with HSBC for the acquisition of its private banking activities in Germany, aiming to expand its presence in the market
Posted: 24/9/24
A fifth (20 per cent) of discretionary fund managers (DFM) are choosing to use investment trusts that are not on their firm’s buy list at least once a month, up from 7 per cent last year, analysis from Research in Finance has shown
Posted: 24/9/24
HSBC Asset Management (HSBC AM) has launched the first vintage of its NAV financing strategy, attracting a “significant anchor commitment” from HSBC Group
Posted: 24/9/24
High net worth individuals’ (HNWI) confidence in the UK economy has improved over the past 18 months, although specific challenges remain, according to the latest Saltus Wealth Index Report
Posted: 24/9/24
London-based financial services advisory firm Strabens Hall Limited has entered administration and its assets have been sold to other firms
Posted: 24/9/24
7IM has added a number of new tools and functionality enhancements to its platform, which includes an integration of software from ZeroKey
Posted: 24/9/24
Family offices are increasing their focus on governance amid growing regulatory demands and multi-jurisdictional complexities
Posted: 24/9/24
The Platforms Association, a new membership body that seeks to represent and provide a voice for the investment platforms sector, has been launched
Posted: 23/9/24
The government should look to reform inheritance tax (IHT) and capital gains tax (CGT) with the aim of raising billions of pounds for the UK economy, according to the Resolution Foundation
Posted: 23/9/24
Investment manager Capital Group has launched its flagship global equity strategy, New Perspective, in the UK as an open-ended investment company (OEIC)
Posted: 23/9/24
The latest appointments in the wealth management industry
Posted: 20/9/24
The government’s inheritance tax (IHT) receipts between April and August 2024 totalled £3.5bn, HMRC’s latest monthly bulletin has revealed
Posted: 20/9/24
The Bank of England (BoE) has left the base rate unchanged at 5 per cent following the latest Monetary Policy Committee (MPC) meeting, with governor, Andrew Bailey, hinting at future rate cuts
Posted: 19/9/24
The UK and the rest of Europe have experienced significantly less growth in the number of people with liquid investable assets of $100m or more than China and the US over the past decade, according to a report by Henley & Partners
Posted: 19/9/24
Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management for an equity value of up to £200m
Posted: 19/9/24
The government has announced that plans to reform UK retail investment disclosure rules are expected to be in place in H1 2025, subject to parliamentary approval and the Financial Conduct Authority’s (FCA) consultation process
Posted: 19/9/24
The Investment Association (IA) has urged the government to launch an ‘Inclusive Investment Strategy’ in the upcoming Autumn Budget to help create a culture of inclusive investment, driving economic growth and boosting people’s financial security
Posted: 19/9/24
The US Federal Reserve (Fed) has reduced interest rates by 0.5 percentage points in its first cut in over four years, leaving its federal funds rate at between 4.75 per cent and 5 per cent
Posted: 19/9/24
Family offices are shifting their portfolios from cash to risk assets in anticipation of positive returns over the coming year, according to research from Citi Private Bank
Posted: 18/9/24
Brooks Macdonald (BM) and 7IM have announced a partnership to offer BM’s passive and active managed portfolio service (MPS) ranges through the 7IM Retirement Income Solution (RIS) on its platform
Posted: 18/9/24
Inflation remained steady at 2.2 per cent in the year to August, the Office for National Statistics (ONS) has revealed, leaving the Bank of England (BoE) with a ‘headache’ on whether to reduce interest rates
Posted: 18/9/24
PIMFA WealthTech has launched its latest TechSprint to identify how cyber security fintechs can support wealth managers in strengthening the industry’s cyber security defences
Posted: 18/9/24
Family offices are increasingly setting up physical offices in new jurisdictions as family members move abroad or live in different countries, with this trend set to rise over the next five years
Posted: 18/9/24
Skerritts has received regulatory approval for the acquisition of Harrogate-based advice firm, Ellis Bates Financial Advisers
Posted: 18/9/24
More than a quarter (28 per cent) of high net worth (HNW) Baby Boomers have not ring-fenced enough money to fund any care they may need in later life, research from Charles Stanley has shown
Posted: 18/9/24
Nearly half (40 per cent) of financial advisers’ retiring clients’ pension assets are invested in multi-asset strategies, the most popular investment strategy by a “comfortable margin”, according to Aegon
Posted: 17/9/24
Investment management firm PGIM has received financial services permission to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi
Posted: 17/9/24
Octopus Investments has launched ‘Ask Octopus’, a helpdesk that offers technical support on inheritance tax (IHT) and estate planning to advisers
Posted: 17/9/24
Brooks Macdonald Group has announced it is to acquire Norwich-based financial planning provider Lucas Fettes Financial Planning
Posted: 17/9/24
Investors have been told to exercise caution when taking actions ahead of the Autumn Budget, with Hargreaves Lansdown outlining planning moves that investors could come to regret
Posted: 16/9/24
State Street Global Advisors (SSGA) has launched its State Street Global Alternative Beta Fund, which seeks to approximate the returns of hedge funds as a broad asset class
Posted: 16/9/24
Investment priorities in the fourth quarter of 2024 should focus on managing volatility, with diversified portfolios expected to continue to perform well, according to HSBC Global Private Banking
Posted: 16/9/24
Financial advisory firm City & Merchant Limited has entered liquidation, the Financial Conduct Authority (FCA) has confirmed
Posted: 16/9/24
BlackRock and Partners Group have established a ‘strategic partnership’ and launched a multi-private markets model solution that aims to support retail investors in accessing alternative investments
Posted: 13/9/24
The latest appointments in the wealth management industry
Posted: 13/9/24
AllianceBernstein has appointed Evelyn Partners Fund Solutions Ltd (EPFL) as authorised corporate director (ACD) for its open-ended investment company (OEIC) fund range
Posted: 12/9/24
Family offices are confident their wealth will continue to grow, with the majority seeing wealth increases over the past five years and expecting more growth over the next five years, Ocorian has found
Posted: 12/9/24
Perceived barriers to financial advice are deterring up to 11 million adults in the UK from seeking support with their finances, according to a study from St. James’s Place (SJP).
It found that a third (33 per cent) of respondents experienced the ‘relevance barrier’, whereby they believed that their personal situation was too simple to require advice
It found that a third (33 per cent) of respondents experienced the ‘relevance barrier’, whereby they believed that their personal situation was too simple to require advice
Posted: 12/9/24
Brooks Macdonald Group has entered into a binding agreement to sell its wholly owned subsidiary, Brooks Macdonald Asset Management (International) and its subsidiaries (BMI), to Canaccord Genuity Wealth Management
Posted: 12/9/24
Artificial intelligence (AI) is catalysing a wave of innovation among the UK’s high-growth businesses, according to Charles Stanley, with 35 per cent of business owners and entrepreneurs planning to harness the technology in new business ventures
Posted: 11/9/24
Schroders has promoted from within the firm with the appointment of its chief financial officer, Richard Oldfield, as its new group chief executive
Posted: 11/9/24
Hargreaves Lansdown (HL) has added the Ninety One Diversified Income fund to its Wealth Shortlist, a list of funds that HL believes offer quality and value
Posted: 11/9/24
SEI has surpassed $1.5trn in alternative assets under administration (AuA) in its Investment Managers business and added KKR to its alternative investment access platform, the firm has revealed
Posted: 11/9/24
More than one in five (22 per cent) adults in the UK who have recently received or expect to receive inheritance are delaying a major life event until they have secured it, research from Canada Life has found
Posted: 11/9/24
The Association of Investment Companies (AIC) has proposed the creation of government-sponsored investment companies to support economic growth in the UK and help deliver on the Labour government's objectives
Posted: 10/9/24
Schroders Capital has raised more than $2.6bn for direct and co-investments in private equity since January 2022, the firm has revealed
Posted: 10/9/24
The Financial Conduct Authority (FCA) has offered firms temporary flexibility to comply with ‘naming and marketing’ rules under its Sustainability Disclosure Requirements (SDR) regime until 2 April 2025
Posted: 10/9/24
The UK managed portfolio sector is slowing in the number of new launches and experiencing steady growth in the use of passive investments, driving a downward trend for costs, Morningstar has found
Posted: 9/9/24
Invesco is launching the first exchange-traded fund (ETF) in Europe that will track the MSCI World Equal Weight Index
Posted: 9/9/24
Flows of new money into the Seed Enterprise Investment Scheme (SEIS) have “surged” since the general election in early July, according to Wealth Club
Posted: 9/9/24
The number of single family offices has increased by almost a third (31 per cent) since 2019 to 8,030, with this growth expected to continue in the coming years, a report by Deloitte Private has revealed
Posted: 9/9/24
The Financial Conduct Authority (FCA) has published its decision to ban two financial advisers and two partners from St Martin’s Partners LLP (SMP) from working in financial services, and fine them a collective £590,544
Posted: 6/9/24
Sussex-based wealth management and independent financial planning firm Facet Investment Management has gone into administration
Posted: 6/9/24
Advisers have been urged to prepare for the potential impact of changes introduced by the upcoming Autumn Budget, with St. James’s Place (SJP) outlining key advice and planning actions to consider
Posted: 6/9/24
Expanding the global presence of family offices can bring many potential opportunities, but there are also challenges and complexities to consider, a report from Citi Private Bank has highlighted
Posted: 6/9/24
Asset manager Robeco has launched a High Income Green Bond strategy, making it one of the first to bring an Article 9 High Income Green Bond strategy to the credit market
Posted: 6/9/24
The Capital Markets Industry Taskforce (CMIT) has published a report recommending changes to revitalise the UK investment landscape, putting retail investors at the heart of its proposals.
The paper, The Capital Markets of Tomorrow, outlined four priorities to drive growth and create wealth, and called for the government to help with “unleashing the power” of UK retail investors
The paper, The Capital Markets of Tomorrow, outlined four priorities to drive growth and create wealth, and called for the government to help with “unleashing the power” of UK retail investors
Posted: 6/9/24
The government has decided to scrap plans for a British ISA over concerns it would have complicated the investment market for individual savers
Posted: 6/9/24
UK savers invested £1.3bn into funds in July, the second consecutive month of inflows of over £1bn, data from the Investment Association (IA) has revealed
Posted: 6/9/24
Concerns regarding capital gains tax (CGT) are growing amongst financial advisers and investors, research published by Financial Software Ltd (FSL) has shown
Posted: 6/9/24
Wealth management firm Quilter has announced it has agreed to acquire NuWealth, a fintech business
Posted: 5/9/24
Affluent individuals are looking to gain wealth for financial security amid concerns about the rising cost of living and their future health, HSBC’s Quality of Life report has shown
Posted: 5/9/24
The government has extended the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme by 10 years to 5 April 2035
Posted: 4/9/24
The Wealth & Asset Management Awards 2025 is now open to entries from companies in the wealth and asset management sectors
Posted: 4/9/24
Foster Denovo has confirmed the acquisition of Glasgow-based financial advice firm, Rosemount Asset Management
Posted: 4/9/24
Investors shifted away from technology-focused funds in August as they sought stability amid market volatility, according to Fidelity International
Posted: 4/9/24
There is a generation divide on advisers’ views on technology and social media, a report from Wealthtime has highlighted, although it found alignment on the importance of service and human connection
Posted: 4/9/24
P1 Investment Services has added discretionary fund manager (DFM) PortfolioMetrix to its platform
Posted: 4/9/24
Wealth and investment management firm 7IM has appointed Elizabeth Chambers as independent non-executive director (NED)
Posted: 3/9/24
Evelyn Partners has issued a managed portfolio service (MPS) rebalance note, revealing an increased allocation to equities in several of its models, as well as fund additions
Posted: 3/9/24
Rathbones has named Simonetta Rigo as its new chief client officer, subject to regulatory approval
Posted: 3/9/24
Evelyn Partners has announced that it has agreed a three-year corporate partnership with social mobility charity, Career Ready
Posted: 3/9/24
Two funds managed by specialist alternative asset manager Gresham House, Mobeus Income & Growth VCT and The Income & Growth VCT, have launched a £70m share offer with an over-allotment option of £20m
Posted: 3/9/24
The European Fund Classification (EFC) has “significantly” expanded its coverage of investment funds by more than 62,000 to nearly 180,000 fund share classes across Europe
Posted: 3/9/24
There is widespread agreement in the investment industry on the need for standards to be introduced for the use of artificial intelligence (AI), the CFA Institute has found
Posted: 3/9/24
Multi-asset strategies are the top investment choice recommended by financial advisers, research from Aegon has revealed
Posted: 2/9/24
Pictet Group’s operating income and net profit fell in the first half of 2024, while its assets under management (AUM) or custody increased, its half-year report has shown
Posted: 2/9/24
Family offices increased their allocations to equities and hedge funds in Q2 2024, while further reducing their cash holdings, according to Citi Private Bank’s Family Office Investment Report
Posted: 2/9/24
Investec has launched its new dedicated electronic equity trading desk as part of the next phase of the expansion of its global trading offering
Posted: 30/8/24
Almost a third (30 per cent) of UK investors made additional investments in cash over the past year due to higher interest rates, research by St. James’s Place (SJP) has shown
Posted: 30/8/24
Tweed Wealth Management (TWM) has acquired Glasgow-based Capital Wealth Consultants (CWC) in a deal that adds £80m in assets to the group
Posted: 30/8/24
Chancellor, Rachel Reeves, has been urged to use October’s budget to reform pension tax relief, after a report from the Fabian Society found that this could raise up to £10bn, "significantly" more than the plans to means test winter fuel allowance
Posted: 29/8/24
Business owners are concerned about the capabilities of the next generation to run their companies, research by Nedbank Private Wealth has found
Posted: 29/8/24
Prime Minister, Sir Keir Starmer’s, recent speech on what to expect from the government’s Budget in October has fuelled rumours that tax changes could be announced in the Autumn Statement
Posted: 29/8/24
There has been a rise in the number of families receiving inheritance tax (IHT) bills after death on gifts made during the deceased’s lifetime, leading to Evelyn Partners issuing a warning to those who may be set to receive financial gifts from relatives in the future
Posted: 28/8/24
LGT Group’s net asset inflows totalled around £7.2bn in in the first half of 2024, corresponding to an annualised growth rate of 5 per cent, its half-year results have revealed
Posted: 28/8/24
The Financial Conduct Authority (FCA) has announced its intention to launch a market study into how protection insurance products are sold due to concerns that competition is not working well in the market
Posted: 28/8/24
The global ultra high net worth (UHNW) population increased by 7.6 per cent to 426,330 individuals in 2023, Altrata’s latest World Ultra Wealth Report has shown
Posted: 27/8/24
Wealth management firms must prove their relevance to the younger generation of investors ahead of a “substantial” level of wealth transfer over the coming decade, according to research from FNZ, ThoughtLab and Deloitte
Posted: 27/8/24
More than eight in 10 (81.6 per cent) family offices expect the investment risk appetite of their clients to increase over the next 12 months, research has shown
Posted: 23/8/24
More than two-thirds (69 per cent) of global fund managers believe that Labour’s policies will enhance economic growth, at a time when many have already upgraded their GDP growth forecasts, Quilter has found
Posted: 22/8/24
GBST has renewed its long-term partnership with Barnett Waddingham and will continue to power the group’s self-invested personal pension (SIPP) administration via its Composer platform
Posted: 21/8/24
Inheritance tax (IHT) receipts increased by £200m year-on-year in the second quarter of 2024, rising to £2.8bn for the period between April and July, the latest figures from HMRC have revealed
Posted: 21/8/24
Family offices are planning to increase their exposure to alternative assets over the next 12 months, with private equity proving the most popular, according to a study by Ocorian
Posted: 20/8/24
Evelyn Partners Fund Solutions Ltd (EPFL) has been appointed to act as authorised corporate director (ACD) and fund administrator for Dowgate’s Cape Wrath Focus Fund
Posted: 20/8/24
Future retirees are a third less likely to leave an inheritance to their loved ones than current pensioners amid financial challenges, according to St. James’s Place
Posted: 19/8/24
Almost two-thirds (65 per cent) of alternative fund managers have been subject to governance-related fines or sanctions over the past two years, research by Bovill Newgate has found.
The survey, conducted in partnership with parent company Ocorian, found that while alternative fund managers said they took governance seriously and had the right skills at the most senior level, the majority had been subject to fines or sanctions
The survey, conducted in partnership with parent company Ocorian, found that while alternative fund managers said they took governance seriously and had the right skills at the most senior level, the majority had been subject to fines or sanctions
Posted: 19/8/24
The shift in market dynamics in July as the value of stocks in AI and tech companies experienced a significant drop off highlighted the importance of diversification for long-term investors, LGT Wealth Management has noted
Posted: 19/8/24
Family offices have become “significantly” more professional in their governance, management and infrastructure over the past five years, research from Ocorian has found
Posted: 16/8/24
Financial services technology provider EV has integrated its end-to-end financial planning solution, EVPro, with customer relationship management (CRM) tool for advisers, Plannr
Posted: 15/8/24
Evelyn Partners’ Cambridge office has completed the sale of independent environmental consultancy, Seed Environmental, to Celnor
Posted: 15/8/24
The Financial Conduct Authority (FCA) has fined Cypriot contract for differences (CFD) firm Forex TB Limited (FXTB) £276,100
Posted: 15/8/24
Independent financial advice (IFA) firm, Wren Sterling, has completed the acquisition of the In Focus Group
Posted: 14/8/24
Nearly nine in 10 (88 per cent) high net worth individuals (HNWI) do not think pension policy is working as it should to encourage retirement saving and would like to see reforms, research from Saltus has found
Posted: 12/8/24
There is a “shock in store” for high-earning households as only 39 per cent are currently on track for a comfortable retirement income, according to analysis by Hargreaves Lansdown
Posted: 14/8/24
There is an opportunity for innovation in the financial services sector following research that found consumers were disappointed with the range of products on offer, according to Moneyhub
Posted: 14/8/24
Protections will be key in the government’s plans to introduce legislation to regulate ESG ratings providers, rather than prescriptive and standardised ratings, according to Charles Stanley
Posted: 14/8/24
Retail investors in the UK put £1.2bn into funds in June, bringing overall inflows up to £1.7bn for the first half of 2024, data from the Investment Association (IA) has shown
Posted: 14/8/24
Fidelity International has reached an agreement with Bravura Solutions to acquire a licence to develop and continue to operate its Sonata platform for £29m
Posted: 14/8/24
Evelyn Partners’ assets under management (AUM) rose to a record high of £62.2bn in the first half of 2024, its interim results report has revealed
Posted: 14/8/24
The Consumer Prices Index (CPI) inflation rate increase by 0.2 percentage points to 2.2 per cent in the 12 months to July 2024, the Office for National Statistics (ONS) has revealed
Posted: 14/8/24
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