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The Latest Breaking News from Abrdn

One in five older people retiring this year plan to rely on State Pension for income

Someone retiring on the full New State Pension will receive £185.15 each week.

Daily Record

Fifth of this year’s retirees ‘relying on state pension as main income source’

Only a quarter of this year’s retirees feel very confident that they have saved enough for later life.

The Independent UK

Abrdn bosses forced to defend rebrand again at AGM

Chief executive also reveals that a likely recession would make revenue generation harder this year

Insider UK

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‘Success lasts a millisecond’: Richard Wilson on piloting Interactive Investor to a £1.5 billion sale

Richard Wilson grew Interactive Investor from a £30 million minnow to Britain’s second biggest retail investment platform, now being swallowed up by Abrdn: ‘You say ‘what a brilliant plan’ — it just happened’

Evening Standard

University of Edinburgh and abrdn announce £7.5 million investing innovation centre

New building will be based within the university’s Futures Institute

Insider UK

Flexi-retirement is new trend as retirees take to part-time jobs and gig economy

The main reasons cited for ‘flexi-retirement’ include needing the income (31%) and wanting to keep busy (32%)

Wales Online

Two-thirds of those starting retirement in 2022 ‘plan to continue working’

Just a quarter of this year’s retirees feel very confident that they have saved enough to fund their retirement, abrdn said.

The Independent UK

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Abrdn claims 'no desire' to sell private equity division after its leader exits

During his time at the firm, private equity was spun into a separate division

Insider UK

Abrdn invests £31 million in community-owned solar assets

The transaction aims to inject long-term institutional financing into the renewable energy sector

Insider UK

Aberdeen introduces tech ESG fund

Aberdeen Asset Management (Thailand), a subsidiary of Abrdn Plc, is launching Abrdn Global Innovation Equity Fund (ABINNO), a mutual fund focused on tech businesses that comply with environmental, social and governance (ESG) criteria.

Bangkok Post

UK firms rush to dump Russian assets amid efforts to isolate Moscow

British Gas owner Centrica cuts ties as Legal & General, Abrdn and Nest all try to sell stocks

The Guardian - UK

Stephen Bird hails turnaround results during 'reset year' at abrdn

Net outflows were stemmed to £3.2bn for the year, compared with £12.3bn in 2020

Insider UK

City centre office block handed £35m price tag by investment giant Abrdn

The building is currently fully let to tenants including DWF

Birmingham Post

Pivotal vote on Interactive Investor's £1.5bn takeover delayed over paper shortage

Abrdn was expected to complete the ballot this month

Birmingham Post

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Insider UK

Stephen Bird reveals the reasons behind abrdn's rebrand

Chief executive describes the difficult decisions which had to be made since he came on board

Evening Standard

Abrdn backs e-scooter startup Dott in £50 million funding deal

FTSE 100 asset manager Abrdn has invested in an e-scooter and e-bike startup, Dott.

Insider UK

Abrdn appoints head of digital for personal wealth business

New hire will be responsible for driving the firm's shift to digital solutions

Kiplinger

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