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Aberdeen to sell £250m of London property as fund faces redemptions

Aberdeen Asset Management is reportedly looking to sell £250m in London property as it faces redemptions from its UK commercial property fund in the aftermath of Brexit. The asset manager has appointed CBRE as brokers for a £150m property at 355 Oxford St, according to sources close to the deal, City AM reported this morning. […]

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Platforum: The in and the out of it

It is worth remembering that while aspects of financial services are international, some parts are very domestically oriented which is the case for much of retail financial services. What happens next is that advisers, discretionary fund managers and domestic retail fund groups will continue to compete hammer and tongs with each other in what is […]

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Ascot Lloyd secures new funding and launches private office

National advice firm Ascot Lloyd has secured a seven-figure funding deal and opened a private office. The funding package, provided by Clydesdale Bank, will be used to pay deferred considerations on Ascot Lloyd’s previous acquisitions as well as future deals. In addition, the firm has opened a private office in Harrogate. Ascot Lloyd Private Office […]

Catriona Standingford: Exam options for entry-level staff

Discussions about qualifications usually revolve around Level 4 or Level 6. However, many businesses have a need to train staff who have little or no knowledge of financial services, and who do not need to jump in at the deep end with Level 4 exams. Indeed, we often hear from managers that are not sure […]

Onshore bonds: Still going strong 

Onshore bonds are a once-beloved product, now seemingly ignored by many advisers in favour of the supposedly more glamorous international investment bonds or collective investments. Yes, most onshore bonds don’t have ‘open architecture’ and none deliver exemption from tax on capital gains at fund level or the ability for investors to use their annual exemption […]

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