Axa Wealth grew its new sales by 87 per cent to £5.12bn in the third quarter of this year, driven by new assets flowing to its Architas and platform businesses. The firm’s third quarter results, published today, reveal new sales reached £5.12bn compared to £2.74bn in the same quarter a year ago. Funds under management increased […]
The Financial Services Compensation Scheme says greater awareness should be raised of compensation for poor advice. A report by the lifeboat scheme says it should work with the industry to raise awareness of compensation for poor advice in order to improve confidence in the sector. In a report on consumer trust in financial services published […]
Aberdeen Asset Management has started to sound out potential buyers to turn around outflows and a drop in profitability. The Financial Times reports that Aberdeen founder and chief executive Martin Gilbert had made informal approaches to several rivals over recent months. Gilbert declined to comment, while a spokesperson for Aberdeen denied that anyone has been […]
Tilney Bestinvest is to make redundant or relocate 23 staff in its London team following a review of its execution-only business. The staff in the London-based telephone support team for its online investment service will either relocate, be made redundant or pass into “other areas of the business”, the firm said. Tilney Bestinvest says it has […]
Thomas Smith, Head of Latin American Equities The second round of the Chilean presidential election took place last month, with Sebastian Pinera of the centre-right Chile Vamos coalition defeating the ruling centre-left coalition candidate Senator Alejandro Guillier. Chile is the latest country in Latin America to elect a market-friendly and pro-business president – across Latin […]
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