View more on these topics

JP Morgan lines up 100 redundancies in asset management arm

JP Morgan could lay off around 100 employees in its asset management division, the Wall Street Journal Reports.

Sources tell the paper market shifts have led to the staffing adjustments, with redundancies already in train after an internal review.

The layoffs will impact a number of global offices and will be across business lines, the sources tell the paper.

The cuts would represent between 1 and 2 per cent of the division, it is understood, and the Wall Street Journal reports that equity group staff could be next after redundancies across fixed income, administration and sales groups.

A JP Morgan spokeswoman told the paper: “We routinely review our coverage model to ensure appropriate staffing levels across a variety of functions…Any reductions will be relatively small and will not impact our continued investment in client coverage and our business.”

Recommended

7

FCA takes on introducers behind £86m in pension transfers

The FCA has revealed it is pursuing two unregulated introducers involved in the transfer of at least £86m in pension assets from over 2,000 customers. In the watchdog’s monthly round-up, FCA executive director for enforcement and market oversight Mark Steward discusses how the FCA is approaching fraudsters as a new advertising campaign launched earlier in […]

Wells Street Journal: Pensions Regulator lobs a rotten Nest egg

Much has been made of the Government’s taxpayer funded campaign encouraging voters to back remaining in the EU. The Leave side predictably went ballastic when details emerged of the 14-page booklet sent to every household in the UK at a cost of £9m. Leading Brexiteers Boris Johnson and Nigel Farage also presumably received the handy […]

2

Standard Life Aberdeen begins share buyback after Phoenix deal

Standard Life Aberdeen has begun buying back shares from investors after selling its life arm to Phoenix. According to a stock exchange announcement this morning, SLA has purchased nearly 770,000 ordinary shares from Merrill Lynch International at an average price of 318p a share, costing SLA around £245m. The announcement adds that SLA intends to […]

2

Do retirement savers need national targets?

For many people, pensions are too confusing or such a long way off it does not seem real. Their annual pension statement may not make much sense because it is not set within the context of lifestyle. But translate the hard facts and figures into something they can relate to and it might be a […]

Umbrella-Rain-Businessman-Protection-700.jpg

Attitudes toward income protection

Ross Jackson – Senior Protection Marketing Manager, Royal London  Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. We surveyed people who had already taken out some kind of protection insurance and those who didn’t […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com