Thousands of savers overcharged on pension withdrawals by HMRC August 26, 2025 Thousands of people have claimed a refund on emergency tax on pensions after the HM Revenues & Customs (HMRC) overcharged savers an eye watering amount on their withdrawals. In total, 6,000 people successfully claimed a refund in the 2023-2024 financial year, a 20 per cent increase from the year before, according to figures obtained by [...]
Blackrock encourages investors to increase exposure to hedge funds August 21, 2025 Institutional investors should increase their exposure to hedge funds in order to generate potentially higher returns, Blackrock has said. In the latest paper of the firm’s Investment Institute, strategists encouraged more money to be placed in hedge funds, as ongoing economic uncertainty and geopolitical tensions erode returns on traditional investment assets, such as bonds and [...]
Generation games: young people don’t see property as key to retirement August 20, 2025 Younger generations are taking a “more flexible approach” towards saving for retirement, amid concerns that traditional savings routes won’t be enough to rely on. The majority of younger generations see both pensions and property playing “key parts in their financial future”, according to the latest Standard Life retirement voice research, surveying 6,000 people. Over 50 [...]
London businesses optimistic for future economic growth, KPMG says August 18, 2025 The vast majority of private business owners in London have recorded rocketing optimism about their growth prospects, but concerns surrounding the impact of inflation remain, according to the latest KPMG private enterprise barometer survey. Following a challenging first financial half of the year, with businesses hit with tariff turmoil and ongoing geopolitical tensions, confidence in [...]
Demand for passive funds drives assets under management to record highs August 13, 2025 The UK investment management industry reached “record highs” in 2024, boosted by demand for low-cost products and overseas interest in UK assets. Tracker net sales surged for the third consecutive year, as investors increasingly look towards low-cost products and passive investments. In contrast, active sales tumbled, according to the latest report from the Investment Association [...]
Private equity trust Pantheon rated ‘buy’ by City broker March 27, 2025 Private equity trust Pantheon International has been upgraded to a ‘buy by City broker Stifel after falling to its lowest stock price since 2023. The £1.4bn trust saw its stock price fall as low as 300p in recent days, compared to around 340p at the end of last year. “This appears to reflect concerns across [...]
Harmony Energy joins wave of investment trust buyouts March 17, 2025 Another investment trust looks set to be taken over by a private equity group amid a steep discount in share prices for UK trusts across the market. Harmony Energy Income Trust has been offered £190.8m by Foresight Group LLP, a private equity and infrastructure investment house, the trust announced today. The deal looks likely to [...]
Former Hipgnosis duo set to float trust on London Stock Exchange February 24, 2025 Achilles Investment Company is set to start trading on the London Stock Exchange tomorrow after raising £54m to make an activist push against struggling investment trusts. The trust, run by City veterans Christopher Mills and Robert Naylor at Harwood Capital, would be the first investment trust float on UK markets since 2023. Naylor and Mills [...]
US hedge fund shorts British firms despite aim to ‘save’ UK market February 20, 2025 Activist investor Saba Capital has taken short positions against some key UK companies, including beloved Harry Potter publisher Bloomsbury, despite previously claiming to be the “white knight of the UK market”. The American hedge fund has taken out a 0.95 per cent short position against the £537m publisher, or a roughly £5.1m bet against it. [...]
JP Morgan Global Growth & Income makes offer for Janus Henderson competitor February 7, 2025 JP Morgan’s Global Growth & Income trust, one of the most popular investment trusts on the market, is set to take over a smaller competitor run by Janus Henderson. The £3.1bn JP Morgan trust has launched a takeover of the £329m Henderson International Income trust, the two funds announced in a stock exchange notice today. [...]