Company news

Boutique asset manager wins back £200 million flows after managers exit

Boutique asset manager Miton Group has recouped the nearly £200m lost from its equity funds seen 2016, when it lost two star fund managers to a rival. For 2017, the group saw £494m net inflows, up from just £1m inflows seen in 2016. Equity funds in particular saw inflows of £361m, while multi-asset strategies gathered […]

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Capita replaced as Prudential’s pension administrator

Capita has been replaced as the pensions administrator of M&G Prudential after an open market tender. The administration of more than four million life and pensions contracts at M&G Prudential will move from Capita to Diligenta, the FCA-regulated subsidiary of Tata Consultancy Services on 31 July. According to documents published a decade ago, the value […]

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JP Morgan hires trio of specialists for ETF push

JP Morgan Asset Management has hired three ETF distribution and product specialists as it continues its push into passive investments in Europe. The firm has appointed Olivier Paquier as head of continental Europe ETF distribution. Paquier held similar roles at State Street Global Advisors and Amundi. To lead the distribution in Switzerland the company has […]

Bellpenny set to ditch branding following Ascot Lloyd merger

Advice firm consolidator Bellpenny is set to ditch its branding following its merger with Ascot Lloyd last year. Money Marketing understands the new identity will be under the Ascot Lloyd brand, despite initial claims last year that both companies and Bellpenny’s independent advice arm, BIA Financial Planning, would keep their own branding. The company would not […]

Standard Life and Aberdeen announce investment management committee

Standard Life and Aberdeen Asset Management have announced the investment management committee for the combined investment management business with Rod Paris, chief investment officer, appointed as chair. The announcement follows shareholder approval for the proposed merger on 19 June. Members of the IMC will be hold “broad leadership responsibility for asset classes” with the role […]

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Tilney Bestinvest rebrands following Towry merger

Tilney Bestinvest is rebranding to Tilney Group following the “successful completion” of its integration with Towry. The firm announced the acquisition of Towry for £600m last April with the merger completing in August. Tilney Group now has 300 financial planners, investment managers and advisers as well as 30 offices in the UK. Chief executive Peter […]