Baillie Gifford’s Scottish Mortgage Investment Trust has lost its position as the largest UK investment trust by stock market value amid the brutal sell-off in…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced the appointment of entrepreneur Maggie Semple as an…

Abrdn-owned investment platform Interactive Investor said it has hired Santander executive Saj Arshad as Chief Commercial Officer. “Saj brings a strong track record of driving business…

The UK central bank on Thursday raised interest rates to their highest since 2009 — hiking borrowing costs by a quarter-point to 1% to fight…

Abrdn’s investment platform Interactive Investor announced that the number of customers investing through its “regular investing” service rose by 19% in the first quarter of the…

A number of high flying funds and investment trusts managed by Edinburgh investment giant Baillie Gifford came back down to earth with a bang in…

Edinburgh has maintained its place as a leading international financial centre in the latest Global Financial Centres Index (GFCI), placing seventh in Western Europe, second…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

Abrdn’s £1 billion Standard Life Private Equity Trust (SLPE) will be promoted to the FTSE 250, from the FTSE UK Small Cap index, following the…

The US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point in the first increase since 2018 — and…

Closed life and pension fund consolidator Phoenix Group Holdings plc reported record cash generation of £1.717 billion for 2021, exceeding its annual target range of £1.5…

ISA investors have kept faith in Baillie Gifford and its flagship fund Scottish Mortgage despite the turbulent start to 2022 for stock markets and the…

London-based asset manager Schroders plc said on Thursday its 2021 profit before tax rose 25% to £764.1 million and its assets under management (AUM) increased by 10% to…

Martin Gilbert’s fast-growing investment firm AssetCo plc has reached agreement to acquire Edinburgh-based Revera Asset Management Limited for about £2.8 million in shares and cash. The…

Baillie Gifford has ranked first in the 2022 FE fundinfo Alpha Manager List with a total of 13 of its fund managers making the prestigious…

The value of mergers, acquisitions and share deals involving Scottish registered corporates soared from £4.9 billion in 2020 to £16.4 billion in 2021, according to…

Newton Investment Management, part of BNY Mellon Investment Management, announced it hired veteran Scottish fund manager David Cumming and Abrdn portfolio manager Georgina Cooper for its…

Standard Life, part of Phoenix Group, said it has concluded a £1.7 billion bulk purchase annuity (BPA) transaction covering all members of the Gallaher Pension…

Martin Gilbert’s investment firm AssetCo plc has been given another extension to the deadline by which it must make an offer for fund manager River and…

First Minister Nicola Sturgeon and Scottish Financial Enterprise chair Philip Grant are to co-chair a “refocussed” national board to “ensure the crucial role of financial…

Premier Miton Group announced it has withdrawn from acquisition discussions with the board of fund manager River and Mercantile Group (RMG). This leaves Martin Gilbert’s investment firm AssetCo…

Reinsurance giant Swiss Re has sold its remaining 6.6% shareholding in closed life and pension fund consolidator Phoenix Group Holdings by selling 66,199,917 ordinary shares…

Merrill Lynch International (BofA Securities) said on Tuesday it has been appointed by Swiss Re as sole bookrunner for a proposed secondary sale of approximately…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced that it completed four Bulk Purchase Annuity (BPA)…

The UK’s Takeover Panel has extended the deadline to January 18 by which Martin Gilbert’s investment firm AssetCo plc and rival suitor Premier Miton Group…

Martin Gilbert’s investment firm AssetCo plc is one of two companies that have made preliminary bid approaches for fund manager River and Mercantile Group (RMG),…

Edinburgh-based asset management advisory firm Devlin Mambo have announced the appointment of Andrew Milligan to the position of board advisor. Milligan is the former Head of…

Wealth management is enjoying a jobs boom in Scotland, with a number of UK-wide firms setting up hubs in Scotland with experts predicting that more…

River and Mercantile Group’s chief executive James Barham will move to Schroders as part of its purchase of R&M’s fiduciary arm Solutions for an enterprise value of…

Scottish Financial Enterprise (SFE) said it has appointed two new non-executive board members — Mike Tumilty of abrdn and Louisa Knox of Shepherd and Wedderburn —…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced a programme of investment in the iconic Standard…

Martin Gilbert’s investment firm AssetCo plc announced it has completed the acquisition of a 30% equity interest in Parmenion Capital Partners LLP, a discretionary investment…

Martin Gilbert’s investment firm AssetCo plc has announced that Lucy Draper will join the business as Director – Distribution. Draper was previously Director, Business Development…

US Federal Reserve chair Jerome Powell stopped short on Friday of signaling the timing for any reduction in the US central bank’s asset purchases beyond…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, said on Wednesday it plans to grow its…

Swiss Re said on Wednesday it has reduced its shareholding in Phoenix Group Holdings plc, acquired in the sale of ReAssure in 2020, by selling…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday that talks to sell its…

Debt rating agency Moody’s Investors Service has affirmed Edinburgh-based asset management giant Standard Life Aberdeen plc’s A3 long-term issuer rating, and Baa1(hyb) subordinate (domestic) rating….

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) and DEAS Group, the asset and property management group in Denmark, said on Monday they completed the €2.5 billion…