Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.
Take a look through the top stories on Money Marketing this week. These include the FCA's inquiries into ongoing advice concerns following the implementation of the Consumer Duty and Virgin Money buying Abrdn out of their joint venture, a mere 10 months after its launch. Regulator quizzes firms over ongoing advice
US investment firm Harris Associates revealed it dumped its entire stock in Abrdn in 2023 as it “lacked confidence that management could repair the business”.
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