Fund manager and financial provider Abrdn is reverting to the Aberdeen brand it ditched four years ago and dropping its vowel-free name.

The number of complaints received by the Financial Ombudsman Service climbed by more than 40% in the last three months of 2024.

City of London-based Partners Wealth Management has completed the acquisition of Aberdeen-based Johnston Carmichael Wealth for an undisclosed sum.

Pension provider Aegon has partnered with offshore bond provider Utmost Wealth Solutions Ireland to enhance its Financial Planning solutions, it said.

Revenues at Jersey-based wealth manager Team almost doubled in the year to September, climbing from £5.3m to £10.3m but despite this the firm posted a £1.6m loss (2023 profit £0.7m).

There’s a wide gap between the communication methods used by wealth managers and those preferred by clients, according to new research.

The sale of Close Brothers Asset Management (CBAM) to private equity firm Oaktree Capital Management for £200m has completed, with the new owner planning to create a leading, yet-to-be-named independent wealth manager.

A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The news this week that the FCA has axed a requirement for the boards of regulated firms to have a dedicated Consumer Duty Champion - only introduced 18 months ago - was met with some raised eyebrows.

There was a distinct whiff of change in the regulatory air this week with the FCA rapidly jettisoning plans which would have seen more rules and regulations added to its handbook.