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7IM sees assets jump in ‘solid’ year

Seven Investment Management saw its assets under management rise 14 per cent to £12.4bn in 2017. The firm says profits were £19.4m, up 4 per cent on the previous year. 7IM platform assets under management grew 19 per cent during 2017 to £7.7bn 7IM chief executive Tom Sheridan says 2017 was a “solid” year for […]

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MPs target ‘alpha-male’ financial services culture

An “alpha-male” culture in financial services continues to put women off seeking top jobs, according to the Treasury select committee of MPs. In a new report, the MPs criticise a lack of clear criteria when awarding bonuses, to combat the perception that men will argue more forcefully so will receive higher performance-related payments. Committee chairwoman […]

Equitable Life sale to bring windfall for policyholders

Embattled mutual insurer Equitable Life has been bought by Reliance Life, part of the Life Company Consolidation Group. In March reports emerged the firm was preparing to sell. Equitable Life, which has been in run-off since closing to new business in 2000, was still technically owned by its more than 300,000 remaining policyholders, most of […]

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