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Amundi enters exclusive talks on Pioneer takeover

Amundi is reported to have entered exclusive talks with Italian bank Unicredit about the sale of Pioneer Investments. The deal could also deliver Unicredit a special dividend of €800m in addition to sale proceeds, the Wall St Journal reports, citing a person close to the deal. Spokespeople from Amundi and Unicredit declined to comment. Pioneer has […]

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Platform sales sink to two-year low

Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]

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Garry Heath: Combining PI and FSCS bills will not work

I have been expecting the last two declarations from the FCA since January. It dropped the banking culture review on instructions from on high. Banks are now off limits. This leaves the regulator with a brace of issues. First, what does it do with the banking review team? And, secondly, how does it continue to justify […]

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L&G warns over regulatory intervention

Legal & General is calling for the Prudential Regulation Authority’s remit to be scaled back as the insurer says the regulator has become too interventionist in its approach. The Financial Times reports the comments have been made as part of a submission to a Treasury select committee inquiry into Solvency II rules post-Brexit. L&G argues […]

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