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Mandate switch

Aberdeen Standard Investments ‘to win’ Woodford fund

Neil Woodford
Neil Woodford: sacked Aberdeen Standard Investments is expected to take on the suspended £244 million Woodford Income Focus mandate. The Edinburgh-based asset manager is close to sealing a deal to runRead More

Invesco replaced

Edinburgh Investment Trust fires manager over poor results

Money - own pic
Not in the money: the trust’s performance is down Invesco’s Mark Barnett has been removed as manager of the Edinburgh Investment Trust following a period of underperformance. The trust has replaced him with Majedie AssetRead More

Crackdown on withdrawals

Bank may tighten rules to protect property funds

Bank of England
Options: Bank of England may take action (pic: Terry Murden) Investors may face tight restrictions on withdrawals from property funds amid fears that worries over their performance will lead toRead More

Unusually high outflows

M&G suspends property fund amid Brexit and retail tensions

Haymarket 4
Edinburgh’s Haymarket, to the right in this artist’s impression of an earlier scheme, is part of M&G Real Estate M&G has suspended trading in its M&G Property Portfolio fund amidRead More

Promise to self-employed

Javid latest to pledge review of IR35 contractor tax rule

Sajid Javid
Sajid Javid: ‘on the side of the self-employed’ Chancellor of the Exchequer Sajid Javid has pledged a review of IR35 as part of the Conservative party’s manifesto bid to supportRead More

Pledge to campaigners

Labour to compensate women in pensions battle

Jeremy-Corbyn-and-Waspi
Jeremy Corbyn met women campaigners from Falkirk (pic: Terry Murden) Labour is promising to compensate 3.7 million women who claim they were denied their pension rights and left thousands ofRead More

Change of approach

Cornerstone’s new fund responds to changing ethical mood

Jen Paice: ‘changing attitudes’ (pic: Terry Murden) Investors are being offered the opportunity to put their money behind a radical pro-active approach to tackling climate change, pollution and poor health.Read More

Statement likely in New Year

Mackay concedes need to postpone Scottish Budget

Derek Mackay with Homes for Scotland CEO Nicola Barclay (pic: Terry Murden) Finance Secretary Derek Mackay said the odds on holding the Scottish Budget on General Election day are “veryRead More

In-work poverty in decline

Fall in number of workers earning below living wage

Pay
Wages for lower paid are rising Fewer Scottish workers are earning less than the real Living Wage, according to new data. An estimated 380,000 people north of the border currentlyRead More

Portfolio beats stock market

Souter gifts £109m to charity – biggest since Carnegie

Brian Souter
Sir Brian Souter: ‘portfolio is in good shape’ (pic: Terry Murden) Stagecoach boss Sir Brian Souter has gifted £109 million to charity – one of the biggest donations by aRead More