Abrdn suffers 35% increase in outflows in full-year results
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
Abrdn
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Value funds overtake growth in FE fundinfo Crown rebalance
Value funds are within the top 10% of all IA portfolios on alpha, volatility and performance, overtaking the previous growth winners
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Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
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Evelyn Partners hires LGT Wealth Management’s Lauren Glaister
Glaister to join as partner for Leeds office investment management team
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Advice proposals are ‘progressive change’ – Industry reacts to FCA announcement
Which seeks to help more people make informed investment and pension decisions
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Autumn Statement 2023: No IHT changes ‘missed opportunity’ for Chancellor
As rumours circulated of potential cuts to the increasingly complex tax
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Advised platform outflows reach record high
Contributing to hardly any asset growth for advised platforms
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Sector in review: IA Targeted Absolute Return
Adam Lewis looks into the popularity shift of the IA TAR sector in recent years
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Cost-of-living crisis is increasing ‘retirement anxiety’
A fifth of Brits are losing sleep due to worrying about retirement
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Advised platform net sales hit all-time low
As outflows rise to their highest quarterly level
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M&G names ex-Brooks Macdonald chief executive as wealth CEO
She was also previously chief executive of Abrdn Personal Wealth
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Abrdn to revamp financial planning operation
Regional advice and financial consultant business models will be the focus of the arm