Quilter toasts record inflows as financial advice push pays off Investing Quilter has posted record net inflows as the wealth management firm toasts the success of capturing customers seeking financial advice. Total assets under administration and management (AUMA) jumped 25 per cent to £157.4bn in the first half of the year. The hike was driven by a 32 per cent increase in core net inflows to [...]
IHT pension scramble shows ‘no sign of slowing down’, says Royal London boss Investing The mass scramble among UK pension savers to avoid being pulled into the inheritance tax net shows “no sign of slowing down”, as the policy shakeup creeps closer. From April 2027, pensions will be included in the scope of inheritance tax (IHT), meaning unused funds and death benefits will count towards the value of a [...]
Royal London hits assets record amid pension push Investing Royal London recorded a new record high for assets under management, as the group was buoyed by resilient market activity and an influx of pension wealth. Assets under management (AUM) climbed to £212bn, up from £199bn at the end of the last financial year, driven by positive market movements and investors taking the “Iran war [...]
St James’s Place suffers £1bn hit to flows as investors look to dodge pension tax July 29, 2026 St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge market volatility and a looming pension tax bill. Net inflows declined from £3.8bn to £2.7bn in the first half of the year, in line with analyst expectations. The group [...]
Rathbones suffers near £1bn net outflows as it braces for FCA probe fallout July 29, 2026 Rathbones took a near-£1bn hit in net outflows in the first half of the year as it braces for further costs from a probe into the company following concerns raised by the financial watchdog. The wealth manager said it will take a knock from costs to improve its operations after a review by the Financial [...]
Conflicts in Ukraine and the Middle East boost Cohort’s order book July 15, 2026 The rise in global conflicts boosted Cohort’s order book as NATO nations continue to hike their defence spending. The defence technology group recorded a 13 per cent rise in revenue over the financial year to £306.4m, up from £270m. The jump reflected its surging order intake, which jumped 10 per cent to £314.2m. Its order [...]
How the SpaceX IPO revealed a ‘back door’ into Britain’s capital markets June 29, 2026 The UK’s public offer platform regime was rolled out as part of a package of reforms designed to get capital flowing into British companies. Now SpaceX has used it to raise funding in the biggest IPO of all time – in New York. Maisie Grice asks whether the changes are working as intended. In January, [...]
Heatwave fans demand for aircon stocks June 26, 2026 Investors have been piling into air conditioning stocks as global heatwaves and the spread of data centres drive demand for cooling systems. Shares in global leading heating, ventilation, and air conditioning (HVAC) firms have recorded sharp increases in recent months, with Tokyo-listed Daikin Industries up 23.91 per cent to 24,050.00 yen (£118.50) since the start [...]
FCA looks to check power of investment trust boards after Saba uproar June 26, 2026 The City watchdog is looking to restrict the power of some investment trust board members after criticism of its response to Saba Capital’s campaign against a group of UK funds. The Financial Conduct Authority has proposed a series of amendments to the UK listing rules for close-ended investment funds, better known as investment trusts, in [...]
Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed June 26, 2026 Legal & General handles the King’s staff pension schemes, official accounts have shown in disclosures of the monarch’s financial activities. In the first annual account of the King’s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts also uncovered details about his [...]