Axa Wealth chief executive Mike Kellard is set to leave the business as parts of Axa are sold off. Standard Life acquired Axa’s Elevate platform in April. Axa then sold Embassy, its off-platform investment and pension division, and Sun Life, its direct protection business, to Phoenix the following month. Axa kept hold of its multi-manager investment […]
Small companies make up a large part of the private sector in the UK. Indeed, SMEs employed 15.6m people in 2015: 60 per cent of the private sector workforce. What is more, the combined annual turnover of SMEs was £1.8trn, accounting for 47 per cent of all turnover in the private sector. Although the majority […]
Watch Scottish Widows’ first Change Talk on the EU referendum outcome and the economy, with Lucy O’Carroll, Chief Economist at Aberdeen Asset Management. For this and more, visit the new Scottish Widows change hub
The FCA is planning to ban the former chief operating officer of Barclays’ wealth management arm in the wake of allegations he destroyed a highly critical internal report. The Financial Times reports Andrew Tinney is contesting the findings of an FCA investigation at the Upper Tribunal. Tinney left the bank in 2013 following allegations made […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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