Asset Management

Abrdn mulls CBI exit as Aviva, Phoenix terminate membership

Exit of FTSE 100 fund group would add to troubles for CBI president Brian McBride, who sits on its board of directors

'We believe the CBI is no longer able to fulfil its core function,' Aviva said, days after boss Tony Danker was ousted
'We believe the CBI is no longer able to fulfil its core function,' Aviva said, days after boss Tony Danker was ousted Photo: Darren Staples/Getty Images

Fund giant Abrdn may quit the Confederation of British Industry, a fresh blow to the scandal-torn lobbying group after insurance giant Aviva also pulled out.

The CBI is facing multiple allegations of sexual misconduct against senior figures at the organisation. Among them is a complaint from a woman who claims she was raped in 2019 at a staff party that took place on a boat on the River Thames.

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