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Old Mutual names price for Quilter shares

Old Mutual Plc has revealed the prices in its global offer for shares in the former Old Mutual Wealth. The price range has been set between 125 pence to 155 pence per ordinary share. Now rebranded to Quilter, under Old Mutual’s managed separation strategy the business will be the first breakaway from the parent group to […]

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FCA looks to soften Mifid II fallout

The FCA is reviewing Mifid II following criticisms that millions of savers are being provided with misleading or false information, The Financial Times reports. Speaking at the FCA’s asset management conference in London on Tuesday, chief executive Andrew Bailey said introducing some aspects of Mifid II had “not gone as we hoped it would and […]

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Lloyds sells rest of Standard Life Aberdeen stake

Lloyds Banking Group has sold its remaining stake in Standard Life Aberdeen as the two investment giants continue their fight over the future of a key mandate. Lloyds and Standard Life Aberdeen remain in dispute resolution proceedings after Lloyds terminated its £109bn Scottish Widows Investment Partnership management deal with Standard Life Abderdeen in February. Aberdeen […]

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