london stock exchange

Asset manager renaming itself Aberdeen Group

Bid to boost nation’s investment

Firm said this follows months of strong performance across the business

H2 2023 performance includes seven BPA transactions in covering £2.8bn of premiums

Half-year results show contribution plan will now consist of annual payments of £3.3m

Contributions will be cut from £78m to £36m in 2023/24 and £50m in 2024/25

Company tipped to float on London Stock Exchange in the next few years

Fall in funding position offset by decrease in assumed future rates of inflation

Invested customers increased by 44% year-on-year to 198,000 according to Q1 trading update

Gilt markets crisis in September caused substantial decrease in liabilities