The ABI is calling for a more competitive and business friendly tax environment for multinationals in the UK. It says that more insurers may move their business overseas unless conditions improve.
JLT has completed the acquisition of iimia Wealth Management in a £7.25m deal.
Fears of a bear run on the gilt market may be wrong, according to City Financial.
Newton’s Tineke Frikkee and Standard Life’s Karen Robertson are the two big-name exclusions from the latest Principal Investment Management white list. The £2.7bn Newton higher-income fund and the £837m Standard Life UK equity higher income fund have both been demoted to the grey list, with four new names being added to the white list which […]
Axa is pulling out of the enhanced annuity market, claiming that Solvency II will red- uce the attractiveness of annuities for product providers and customers. Axa began piloting an enhanced product two years ago. The sector is dominated by Just Retirement, Partnership and Canada Life. Last week, Axa emailed advisers, stating that draft Solvency II […]
By Rob Burnett, head of European equities, Neptune After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]