Abrdn may face eviction from the FTSE100 in the exchange’s quarterly review next Wednesday.

Profits for Abrdn’s advice arm rose 75% year-on-year in the first half of 2022 despite significant losses in the parent business.

Almost 50 financial advisers have said that removing emergency tax on income drawdown payments would top their wish list for simplifying pension planning.

Abrdn has appointed a new head for its advice arm with existing CEO Caroline Connellan stepping down after less than a year in the role.