Standard Life snaps up Aegon UK for £2bn to create savings giant Investing Standard Life has snapped up the UK’s largest investment platform Aegon UK in a £2bn deal. The FTSE 100 giant – previously known as Phoenix Group – said the deal would create the UK’s top retirement savings and income business with near 16m customers and £480bn in assets under administration. Standard Life expects an annual [...]
Women and Gen X are feeling blue on their finances for 2026 Personal Finance UK adults have reported feeling upbeat about their finances for the year ahead, but women and Gen X do not share the positive sentiment. Six in ten adults said they felt positive about their financial situation going into 2026, maintaining last year’s results and up from the 52 per cent reported in 2024, according to [...]
Mercer: Pension funds need better pick of UK investments for key deal to work Investing The government’s proposed pensions deal will not boost growth unless better UK investment opportunities are put on offer, the boss of one of Britain’s biggest funds has warned. In an interview with CityAM, Benoit Hudon suggested a stronger pipeline of UK assets was needed as current options did not deliver good enough returns for [...]
Clients of collapsed advice firm to have claims examined December 20, 2024 Claims from the collapsed advice firm Tenet will be investigated by the Financial Services Compensation Scheme (FSCS) at the start of next year. Earlier this year, the firm’s administrators said 9,645 clients were “considered as being at higher risk of having received unsuitable advice”. Tenet, which billed itself as the largest independent financial adviser network [...]
Why the Bank of England won’t cut rates – even if it wants to May 8, 2024 The Bank of England desperately wants to cut interest rates, but the caution of the Federal Reserve might mean they aren't able to.
Why an Aegon sustainable manager is buying bonds in polluting companies May 7, 2024 Rory Sandilands, manager of the Aegon Global Climate Transition fund, is pushing to make companies emit less by buying their bonds.
Are UK markets ready to bounce back? UBS says yes May 6, 2024 The UK market has been unloved for some time, but this might be about to change, as UBS has radically shifted its ratings for UK equities.