IG pockets £75m after disposal of future exchange platform to beef up crypto capabilities October 16, 2025 Investment broker IG has disposed of its future exchange platform, Small Exchange Inc, as part of a partnership with global crypto exchange Kraken. IG sold the Chicago-based company, which it purchased in 2023, to Payward Inc., the parent company of popular cryptocurrency platform Kraken, for $100m (£74.9m). The sale consisted of $32.5m in cash and [...]
Industry figures urge Reeves to go further with cash ISA reforms October 15, 2025 Financial industry figures have urged Rachel Reeves to go further on reforming the cash ISA, following speculation the Chancellor is looking to overhaul the system in the looming Autumn Budget. Reeves is understood to be reviving a plan to cut the tax-free limit on cash ISAs, in a bid to get people to move cash [...]
Gen Z dream of early retirement while ignoring alarm bells October 15, 2025 Young Brits are eyeing an early retirement, due to a growing belief that investing the minimum will be enough to fund their dream later life, ignoring warnings their savings are falling short. According to Standard Life, on average Gen Z hold ambitious aspirations to retire at 60, earlier than any other generation and years before [...]
Reeves revives plan to cut cash ISA despite backlash October 15, 2025 Chancellor Rachel Reeves is looking to use the looming Autumn Budget to kickstart plans for a major overhaul of tax-free ISAs, in a bid to get people’s cash savings into domestic stocks. The Chancellor is understood to be reviving a plan to cut the tax-free limit on cash ISAs, potentially halving it from £20,000 to [...]
Tinned tuna giant Princes confirms intention to float October 10, 2025 Tinned tuna heavyweight, Princes, has confirmed its intention to proceed with its IPO to list on London’s main index. The decision comes just one week after the Italian-owned business announced it was considering a listing. The offer will be comprised of new ordinary shares to be listed by the company, in order to raise net [...]
Lloyds banking group acquires remaining stake in Schroders personal wealth October 9, 2025 Lloyds Banking Group has completed the full acquisition of Schroders’ personal wealth arm, six years after the establishment of the unit. Lloyds acquired the remaining 49.9 per cent of Schroders Personal Wealth (SPW) from the asset manager, handing the bank sole control of the business. Lloyds noted the acquisition will support the group’s “ambition to [...]
UK pension provider looks to launch defined benefit superfund October 9, 2025 British pensions provider, TPT retirement solutions, is seeking to launch a defined benefit (DB) superfund, that will hold schemes rather than sell them to an insurance company. TPT, a mid-sized provider which manages £11.1bn of pension assets, has secured capital to fund the launch of the DB superfund and the first £1bn of transactions, in [...]
Private market fund managers optimistic on real asset returns October 8, 2025 Private market fund managers are increasingly confident of strong returns being generated by real assets over the next decade, as assets under management in the sector continue to grow. According to exclusive research shared with City AM from investment service Wealth Club, nearly 70 per cent of fund managers predict annualised returns between 5 and 6 [...]
Hargreaves Lansdown co-founder to step down from board October 8, 2025 The billionaire co-founder of Hargreaves Lansdown is stepping down as board director of the personal investment business months after its £5.4bn acquisition by private equity firms, marking an end to his involvement in the business. Peter Hargreaves, who created the UK’s largest DIY investment site with co-founder Stephen Lansdown in 1981, will be handing his [...]
Investment platform Freetrade looks to shake up the mutual funds market October 2, 2025 Investment platform Freetrade has expanded its fund range, marking the first serious push by a UK neobroker into the mutual funds market, City AM can reveal. The platform is adding over 300 funds initially to its platform, offering choices across strategies and asset classes for UK retail investors, with more set to follow shortly. It [...]