New figures published today by HMRC have revealed that inheritance tax receipts for 2023/24 climbed £400m to a new record £7.5bn.

Investment provider Abdrn is facing a fresh wave of scorn after its CIO claimed it was the victim of “corporate bullying” after it scrapped vowels from its name in a heavily-mocked rebrand.

The Abrdn Property Income Trust (API) fund is to be wound-down following a failed merger with the Custodian Property Income Reit fund.

Investment manager and Financial Planner Abrdn made a pre-tax loss of just £6m last year, a huge turnaround from the £546m loss posted the previous year.