Assets drop 12% for Legal & General IM

Average assets under management for Legal & General Investment Management fell 12% year-on-year in 2023.

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New business drops 38% for Hargreaves

Net new business dropped 38% year-on-year to £1bn for Hargreaves Lansdown for the six months ended 31 December 2023 (H1 2022/23: £1.6bn).

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Advisers increase business on Quilter platform by 44%

Advisers placed £1.4bn of new business onto the Quilter platform in the fourth quarter of 2023, according to a trading update from the wealth manager.

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Abrdn confirms 500 job cuts amid high net outflows

Investment manager and Financial Planner Abrdn has confirmed that it will cut 500 jobs as part of a £150m cost cutting programme.

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