Axa UK has bought ICAS International Holdings, a global provider of employee support and well-being services.
New rules are being proposed to deal with the issue of insurance contracts and disclosure
Troubled conditions did remain last week, not that it was too difficult to forecast the continuation of volatility in markets. Sentiment is fragile and it is hard to see confidence being restored soon.
Mortgage experts believe that the next move in the base rate could be down after the Bank of England’s monetary policy committee held the rate at 5.75 per cent last week.The decision was widely expected after inflation fell in July to 1.9 per cent from 2.4 per cent in June, below the Government’s target rate […]
Forsyth Partners Ltd and Forsyth Partners (Europe) have both been placed under administration.
By Rob Burnett, Investment Director, Head of European Equities As investors await a resolution of Greece’s repayment difficulties, we anticipate a period of consolidation in the European market over the next few weeks. Our base case is that the Greek government and the European Central Bank (ECB) will come to a solution, particularly given the […]
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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 […]