St James’s Place confirms overhaul of controversial fees after regulatory pressure October 17, 2023 St James's Place has confirmed it will overhaul its fee structure and scrap a controversial exit fee today after reportedly coming under pressure from regulators to fall in line with stringent new consumer rules.
Jupiter warns of ‘challenging’ landscape as assets fall and outflows tick up October 17, 2023 Funds group Jupiter warned economic uncertainty was continuing to weigh on investors’ appetite today as it reported a dip in its managed assets in the third quarter of the year.
It ain’t easy being green: Climate tech funding plunges as interest rates rattle investors October 17, 2023 Climate tech investment has plunged globally this year as recession fears and rising interest rates put the brakes on a green funding frenzy, new figures have revealed.
Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
Abrdn offloads private equity arm for £60m as Bird’s ‘reshaping’ drive accelerates October 16, 2023 Abrdn has offloaded its European private equity business to a Nasdaq-listed investor for £60m today as bosses press ahead with plans to slim down and simplify the business globally.
Hoberman-led Tech Nation pledges £10bn funding bonanza for start-ups October 16, 2023 The start-up group freshly revived by Brent Hoberman has pledged to facilitate a £10bn investment bonanza for UK tech today as it restarts operations. The group wound down earlier this year after ministers pulled its funding.
Why a new Edinburgh fund is putting £100m into firms outside of London October 16, 2023 A new venture fund backed by the state-owned British Business Bank has launched in Scotland today with the aim of rebalancing start-up investment away from London towards the north of the UK.
BlackRock posts surprise rise in profit despite slowing inflows October 13, 2023 BlackRock handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world's largest asset manager down one per cent in premarket trade.
FCA fines Equifax £11m for role in cyber breach October 13, 2023 Britain's financial watchdog (FCA) said on Friday it had fined consumer credit rater Equifax £11m for its role in "one of the largest" cyber-security breaches in history.
St James’s Place shares plunge as wealth manager eyes fees overhaul October 13, 2023 Wealth manager St. James's Place could be set to slash its fees after pressure from regulators to fall in line with stringent new consumer rules.