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...back their loans could put pressure on the company’s business model, which relies on these “business sale and purchase scheme” loans to retain clients within the group when advisers want to leave or slim down...
...A combination of outflows and investment losses drove the fund’s assets under management down £1.8bn between January 2022 and November last year....
...Some 397 funds started in the UK in 2023, according to data from Morningstar, down a quarter from the number of a year before, and far below the most recent peak of 899 in 2010....
...SJP relies on this internal market to keep clients within the group when partners want to leave or slim down their practice book....
...The US alternative asset manager has told investors it will wind down the Blackstone Diversified Multi-Strategy fund by the end of the year, the group told the Financial Times....
...“Clamping down on a few of the main exemptions could increase the amount raised through inheritance tax by over one-fifth.”...
Veteran dealmaker’s consolidator reports £27mn in losses after writing down ETF business
...The rate of inflation in the UK peaked at 11.1 per cent in October 2022 but has not yet come down to the Bank of England’s 2 per cent target....
...Prices are down by around a fifth over the past 12 months, according to HSBC....
...Shares in Scottish Mortgage climbed 1.5 per cent on Friday, but remain down almost 40 per cent from their record high....
...Their troubles have weighed down the broader UK equity market....
...The consumer duty, which came into effect last July, has seen the FCA crack down on savings rates offered by banks as well as investment and pension platforms withholding interest payments on customers’...
...Central banks had to act to bring it down....
...Shares in the wealth manager closed on Wednesday at 505.80p, down over 18 per cent....
...Its adjusted operating profits slipped to £249mn last year, down from £263mn in 2022, but above the £242mn analysts had forecast....
...The S&P Global Clean Energy index, which includes clean energy giants such as Ørsted, the wind farm developer, is down almost 60 per cent below its peak in January 2021 at the height of a frenzy over the...
...That helped to push the company to a net loss of £10mn last year, down from a profit of £407mn in 2022. The final dividend was cut from 37.19p per share to 8p per share....
...Shares, which are down 48 per cent in the past year, fell by 9 per cent in morning trading in response to the update....
...The percentage of the firm’s assets under management beating benchmarks over a three-year period dropped from 65 per cent in 2022 to 42 per cent last year — dragged down by emerging markets....
...Market moves and investment performance pushed assets down a further £3bn over the 18 months to the end of September....
...The City regulator has warned advice firms it may crack down on customer charges, following concerns that some clients are overpaying....
...Unsurprisingly, the wealth manager’s shares are down 60 per cent over the past year....
...NatWest’s interim chief executive, Paul Thwaite — who took over from Dame Alison Rose when she stepped down last summer in the wake of the Nigel Farage “debanking” scandal — is set to lead the bank until...
...The announcement from the fund house comes weeks after boutique fund manager Somerset Capital Management wound down after large client redemptions....
...Abrdn’s shares are down 47 per cent from their most recent high in December 2019, and are down about 14 per cent in the past year....
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