Legal & General is calling for the Personal Accounts Delivery Authority to offer a default annuity for investors or risk having hundreds of millions of pounds of unclaimed benefits build up.
Lloyds Banking Group has revealed losses of £10.8bn after its acquisition of HBOS.
Alpha Financial Consultants director Hugh Doxat-Pratt is feeling upbeat about the future, having just been awarded certified and chartered financial planner status.
Barclays Wealth says its IFA sales increased by 250 per cent last year.
By Ali Unwin, chief technology officer & fund manager, Neptune Artificial intelligence, driverless cars, big data. As technological advancements – and disruption – increasingly dominate headlines, Ali Unwin sets out six key themes he is watching in 2017. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]