Interactive Investor
Abrdn suffers 35% increase in outflows in full-year results
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
67% of women aged 41-55 believe they will never retire
As 41% of Brits say finances are impacting their mental wellbeing
State pension set to rise by 8.5% in April
‘Government has a difficult balancing act ahead’ with the triple lock
State pension triple lock could cost £9bn next year
As well as the state pension bill being £2bn higher than the current DWP forecast next year