Aberdeen Asset Management profits climbed 64 per cent to £5.9m from £3.6m for the six months ended March 31. Assets under management increased by 19 per cent to £15.6bn from £13.1bn including £335m of net new business and £440m worth of acquisitions.
Skipton Building Society has appointed Mark Smitheringale as head of corporate communications.Smitheringale moves to the role from his current position as head of special projects and managing director of the society's subsidiary Skipton MortgagesLimited.He has been with the society for eight years.
HSBC Asset Management has added a fixed income Isas to its range of IFA savings products.The Fixed Income Isa offers a fixed tax free income of 7.25 per cent for five years. Both maxi and mini options are available and investors can choose to be paid quarterly, annually or for it to be rolled up.Initial […]
Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]
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Launches and developments announced at Intelliflo’s recent annual conference cements its place as a major player in the world of adviser software
The Bank of England’s latest financial stability report has warned on the costs of asset management, alongside banking and insurance, rising following the UK’s exit from the EU. The report says: “If asset management were to fragment between the United Kingdom and Europe, material economies of scale and scope that are currently achieved by pooling of funds […]
It is only a few weeks since we woke up to the news of a hung parliament. So what does the political backdrop mean for us? I am not in the business of making predictions but it is important to ask both ourselves and our clients whether the Brexit glass looks half full or half […]