Abrdn made a pre-tax loss of -£615m last year down from a £1,115m profit in 2021, driven by a decline in investments revenue.

UK equity funds have been named as the worst performers in the latest influential Spot The Dog report.

The Financial Conduct Authority has launched High Court proceedings against an unauthorised investment firm and its sole director, Mr Daniel Willis, over £2.8m owed to investors.

Unbiased, the adviser directory, is to launch additional products and services and to look at international expansion after receiving £5m in new investment from YFM Equity Partners (YFM).