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Sandler announcement next week

The parameters of the Sandler report into retail financial services, are expected to be announced early next week.

The Treasury commissioned report, dubbed &#39Son of Myners&#39, is expected to focus on with-profits products and commission levels.

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Axa scraps Sun Life branding

CGNU has expanded its presence in Asia by buying the insurance arm ofSingapore-based bank DBS for £152m. The deal with DBS, the biggestbank in South-east Asia, puts CGNU in league with Prudential&#39s Asianoperations. CGNU will combine the DBS insurance arm with its existingSingapore business and will sell through DBS branches. It is now applyingfor licences […]

Misys ends UK buys and turns to Germany

Misys chairman Kevin Lomax has called an end to UK acquisitions, havingreached market saturation with the takeover of DBS and the Assureweb portalin June. The company now plans to redirect its purchasing power at the Germanfinancial services market. It says it could be up to £1m out of pocket because of the collapseof Independent Insurance, […]

Credit Suisse AM launches boutique fund of funds

Credit Suisse Asset Management Funds UK is launching a fund of boutique-style funds directly marketed at IFAs and investors.The Credit Suisse Multi Manager Constellation Portfolio aims to give investors access to talented fund managers who have left mainstream investment houses as well as smaller funds less constrained by benchmarks.CSAM director Robert Burdett says: “With less […]

Threadneedle launches investment guides

Threadneedle Investments is launching a series of investment guides for retail investors for use as a support aid for intermediaries dealing with clients.The three guides, Investing For Your Future, Why Do I Need A Financial Adviser and How To Build A Portfolio Of Investments, will be distributed through investment advisers and through the Threadneedle website.Threadneedle […]

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