Global Market: Aberdeen Group reports £3 billion outflows in H1 as turnaround efforts continue

Aberdeen Group experienced substantial net outflows of £3 billion in the first half. This occurred as withdrawals from investment and adviser businesses offset strong growth. Interactive investor platform attracted record inflows, but larger clients reduced asset holdings. The…

A surge in inflows at Interactive Investor helped wealth firm Aberdeen achieve rising profit in the first half of the year. The investment platform signed up tens of thousands of new customers, growing customer numbers by 14 per cent to 525,000 over the period, as the firm won…