Women at risk of running out of pension wealth seven years into retirement Investing Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them [...]
Why are Brits hoarding cash? Markets Like Tolkein’s Gollum, Brits like to hoard their assets, opting for the security of cash over equity based investments. Barclays estimates that £430bn in investable funds—cash exceeding six months’ salary—are held in bank accounts rather than funnelled into the stock market. This begs the question: why are British investors so devoted to an asset which [...]
Brent Cross shopping centre taken over in £200m deal Property London’s Brent Cross shopping centre is to come under the full control of Hammerson after a £200m deal to buy out Aberdeen was confirmed. Hammerson, which currently owns 41 per cent of the landmark shopping centre, will raise its stake to over 90 per cent by acquiring units from the Aberdeen UK Shopping Centre Trust. [...]
Aberdeen: Interactive Investor success softens mass withdrawals April 30, 2025 Investors pulled £5.2bn from Aberdeen over the last quarter, disappointing analysts that had been hoping for a turnaround since the Scottish fundhouse’s name change. The asset manager, which dropped the disemvoweled ‘Abrdn’ name earlier this year, saw withdrawals from every arm of its business over the firm quarter except Interactive Investor, it revealed in a [...]
Schroders and Aberdeen: RBC downgrades price targets April 23, 2025 RBC Capital Markets has downgraded the stock price targets of Schroders and Aberdeen ahead of the publication of quarterly results from the wealth managers. Schroders was downgraded from 475p to 390p by the investment bank, compared to a current stock price of 322p, as RBC cut forecasts for operating profit by eight per cent over [...]
W1M CEO: I didn’t want to be mocked like Abrdn in our rebrand March 31, 2025 The CEO of W1M, formerly Waverton Investment Management, has said he was conscious of other failed rebrands like Abrdn while selecting the firm’s new name. Waverton’s merger with London & Capital last year left CEO Guy McGlashan searching for a name that could unite both firms without excluding either. Eventually it landed on W1M, the [...]
Interactive Investor CEO: My top three tips for investing March 11, 2025 The boss of Interactive Investor has shared his top three tips for investing in UK and foreign markets ahead of the Spring Statement.
Abrdone: Can the vowel U-turn save Aberdeen? March 4, 2025 Abrdn has re-added the vowels to its name as part of a shocking branding U-turn. But will it play a role in rebuilding the asset manager’s fortunes? Does it even matter in the grand scheme of things? The much-mocked corporate moniker was finally retired today after years of Square Mile sniggering and, it must be [...]
Abrdn changes name back to Aberdeen and swings back to profit March 4, 2025 Abrdn has rounded out a bumper year with a return to profit and a total revamp of its brand. The company announced it will change its name back to Aberdeen as it begins the search for its next chairman, who will succeed Sir Douglas Flint. Group chief executive Jason Windsor said: “We are changing our [...]
Spring Statement 2025: Rachel Reeves should be courageous and favour economics over ideology, says Interactive Investor boss March 3, 2025 Chancellor Rachel Reeves needs to be “quite courageous” and not “allow ideology to get in the way of economics” when she delivers her Spring Statement on 26 March, the chief executive of Interactive Investor has said. Richard Wilson, speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, added that the government’s growth agenda [...]