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Brown Shipley owner reports 15% rise in income

Quintet Private Bank, the owner of Financial Planner and wealth manager Brown Shipley, has reported income for 2023 climbed 15% to €602.4m (£515m) from €524m (£448m) in 2022.

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Phoenix reserves £70m for Consumer Duty costs

Phoenix Group, owner of Standard Life and Sun Life, has reserved £70m for the potential impact of Consumer Duty legacy product costs, it revealed in its annual results today.

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Fintel revenue climbs 0.3% to £56.6m

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported a 0.3% rise in revenue to £56.6m for the year ending in December, compared to £56.4m in 2022.

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Abrdn cuts losses to just £6m

Investment manager and Financial Planner Abrdn made a pre-tax loss of just £6m last year, a huge turnaround from the £546m loss posted the previous year.

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