‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
Streeting tax policies could cost the Treasury nearly £8bn June 29, 2026 Adopting Wes Streeting’s plans to hike capital gains tax could cost the Treasury billions of pounds and lead to a reduction in retail investment, new analysis suggests. Last month, Streeting, who is reportedly in the running to succeed Rachel Reeves as Chancellor should Andy Burnham enter No 10, proposed that capital gains tax (CGT) should [...]
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 [...]
Ares Management flagship private credit fund slammed with withdrawal requests June 25, 2026 Ares Management was plagued by investors attempting to pull out over $1.5bn from one its flagship private credit funds in the second financial quarter, as wealthy individuals continue to flee the asset class. The firm’s Ares Strategic Income fund, which holds roughly $11bn (£8.3bn), said it has received redemption requests worth 14.4 per cent of [...]
AllianzGI chief executive warns of AI ‘socialism’ as investors lean on chatbots June 18, 2026 The chief executive of one of Europe’s largest asset managers has urged investors to avoid being over-reliant on general online chatbots to manage their portfolios, as it increases the risk of losses. Speaking at AllianzGI’s media day in Frankfurt, Tobias Pross, chief executive of AllianzGI, warned that relying on public online models, such as Claude, [...]
Record number of central banks plan to increase gold holdings amid global volatility June 16, 2026 A record number of central banks are expected to increase their gold holdings over the next 12 months as global volatility continues to rock markets. Nearly 90 per cent of reserve managers anticipate central bank holdings to continue rising in the wake of the precious metal becoming the top reserve asset, overtaking US government treasuries, [...]
Pension funds must ’embrace’ private markets to fuel growth June 10, 2026 UK pension funds must stop hiding in public equity benchmarks and ‘embrace’ private markets in order to meet their obligations and accelerate economic growth, the group chief executive of one of the UK’s largest pension providers has argued. Andrew Evans, co-founder and group CEO of Smart Pension, urged providers to steer away from public markets [...]
Defence spending plan delay undermines UK credibility, MPs say June 7, 2026 The delay in publishing Keir Starmer’s long-awaited plan on defence spending has undermined the UK’s credibility and left the country less safe, a parliamentary committee has warned. In a new report critisising the long delay in publishing Starmer’s Defence Investment Plan (DIP), the Public Accounts Committee said this “has undermined the UK government’s credibility with [...]
Will the SpaceX IPO send retail investors into orbit? June 5, 2026 SpaceX is preparing the largest retail allocation ever attempted in a megacap IPO in its anticipated listing later this month, with Elon Musk seeking to reserve as much as a quarter of the company’s $75bn float for individual investors. Musk reportedly wants ordinary investors cemented near the centre of the group’s ownership straight from blast [...]
Partners Group suffers surge in withdrawal requests and braces to cap more funds June 4, 2026 Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from wealthy investors, raising concerns the Swiss firm would have to cap withdrawals, a day after doing so on a major European fund. Redemption requests at its $16bn private equity master fund reached roughly six per cent of [...]