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Top rip-offs and sympathy for teachers: The Wells Street Journal

A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page on Wells Street Who grinds your gears? This week, Money Marketing columnist Paul Lewis took to Twitter, asking his followers to reveal who they feel rips them off the most. Lewis encouraged Tweeters to contain their frustrations […]

Transact funds jump 18% as IPO beds in

Platform Transact has increased funds under direction by 18.6 per cent over the financial year to reach £33bn. Funds under direction were nearly £28bn for the financial year ended 30 September 2017, rising to £33.1bn for the year ended 30 September 2018. The results published by IntegraFin Holdings, which owns Transact, show funds under direction […]

Will technologically backward advisers fall out of providers’ good books?

When Money Marketing reported last month on the increase in costs for SimplyBiz services and the removal of free offerings for its customers, some noted advisers were beginning to turn away from the major provider for other technology solutions. However, last week the compliance giant said its new end-to-end investment solution had been successfully pulling […]

BlackRock adds model portfolios and ETFs to ESG range

BlackRock continues to ride the sustainable investing trend with a launch of a new set of model portfolios and ETFs. The asset manager has introduced six sustainable ETFs and five ESG model portfolios for financial advisers in a range of risk profiles and implemented through UCITS iShares ETFs. Starting today, the company will also disclose […]

GAM sees AUM drop 10% after manager suspension

GAM has seen its assets under management drop CHF 17bn (£13.2bn) in the three months to the end of September this year. The Swiss group says the unconstrained/absolute return bond strategies contributed CHF 10.8bn (£8.4bn) to the outflows after an internal investigation into the conduct of its manager Tim Haywood was sparked by an internal […]

Handshake

Lighthouse renews advice deal with British Airways staff

National IFA Lighthouse has renewed its deal to provide retirement, investment and mortgage advice to British Airways staff. Its “affinity partnership” with BA Clubs, which provides membership benefits to around 40,000 current or former British Airways staff members, has been extended until July 2021. Chief executive Malcolm Streatfield says the deal shows Lighthouse “remains committed” […]

Buxton’s Merian expands Asia presence with new partnership

Merian Global Investors has teamed up with Ping An Asset Management in a new partnership joinging together expertise. Both businesses have signed a memorandum of understanding to mark the formal commencement of its new “strategic partnership” which aims to bring together skills to benefit both organisations and end clients. Ping An had already been used […]