A quick recap of the highlights on a big night for the industry at the Money Marketing Awards 2017.
AWD Holding AG announces revenue of 22.8 per cent during 2004 to 473.4m.Operating profit was boosted by 29.5 per cent to 49.3m, net profit increased by 38.9 per cent to 34.3b and earnings per share reached a record level of approximately 0.90, up by 38.9 per cent.The UK-arm of the German group, AWD plc grew […]
The fund will be the first in the world to be managed by AI and machine learning One of Sanlam Global Investment Solutions’ Ucits funds will now be solely managed through artificial intelligence. The Sanlam managed risk Ucits fund will be the first balanced fund in the world to be driven by AI and machine […]
Talks between the two rival providers are set to take place following shareholder approval of the Standard Life Aberdeen deal
Around 20 Accenture staff worked on Old Mutual’s replatforming, but have been sent home after IFDS was kicked off the project.
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
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National IFA Lighthouse has renewed its contract with 19,000 member organisation the Association of School and College Leaders to provide financial advice for a further three years. Lighthouse also works with union Unison, BA Clubs, the Royal College of Nursing and Prospect. It plans to target more affinity partnerships. Lighthouse chief executive Malcolm Streatfield says: “[The […]
Lloyds Banking Group is planning on running three separate subsidiaries in Europe after Brexit, according to reports. The group was expected to manage its continental European business in Berlin, but Reuters reports it now plans two additional hubs. The Financial Times says one is likely to be Frankfurt for its euro bond trading business while […]
The Competition and Markets Authority has found problems with the investment consultancy and fiduciary management markets that work with pension trustees to advise on how they invest their funds. In a provisional report released today, the CMA found around half of pension schemes choose the same provider for fiduciary management as investment consultancy and firms […]